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M_o_R® (Management of Risk), an AXELOS product, provides a framework for risk management considering the different aspects of an organisation: strategic, programme project and operational. It combines principles, approach and processes and offers advice on how they should be implemented, depending on the magnitude of the risk’s impact on objectives.

The course is suitable for

• Risk Managers
• Project and Programme Managers
• Business Change Managers
• Operational team members and managers
• Professionals in corporate governance environment responsible for identifying, assessing, or managing risk, or reporting on organisation risk management activities.

Pre-requisites

There are no official pre-requisites. We recommend all delegates, regardless of their experience, take advantage of our pre-course study materials.

Benefits

Following training, Individuals can gain the confidence and ability to influence and shape risk management across an organization. They can encourage openness and discuss real business issues in a realistic manner to meet business objectives, improve service delivery and achieve value for money; and put an effective framework in place to make informed decisions about the risks that affect strategic, programme, project and operational objectives. They can understand the nature and extent of risks facing a company and reduce the incidence and impact on the business, and continuously apply risk management to an organization and simplify the process of making information available when decisions need to be made.

With trained personnel, organisations can increase competitive advantage and become more risk aware by managing potential problems and opportunities, improve performance through waste and fraud reduction and more efficient use of resources, and better manage contingent and maintenance activities and increase the likelihood of achieving change initiatives. They can bring together principles, an approach and a process with a set of interrelated steps and pointers to more detailed sources of advice on risk management techniques and specialisms in order to develop a route map for risk management; and identify, assess and control risks to effectively manage them.

Examinations

• Foundation exam - a one hour multiple choice closed-book examination with 75 questions (5 of which are trial questions; 35 marks out of 70 or 50% to pass)
• Practitioner exam - a 3 hour objectional style restricted open book examination with a total of 80 marks available (40/80, 50% to pass); uses a case study to test comprehension of the method. Candidates may make use of the Management of Risk 'guide', together with the guidance document ABC Guide Part A Example Techniques. No material other than the Question Booklet, the Scenario Booklet, the Answer Booklet and the two guides is to be used

M_o_R Foundation Level - 3 day - The purpose of the foundation certification is to confirm that a candidate is able to demonstrate a knowledge and comprehension of the four elements of the M_o_R framework - Principles, Approach, Processes, Embedding and reviewing - and how they support corporate governance. The Foundation level is also a pre-requisite for the Practitioner qualification.

M_o_R Practitioner Level - 2 day - The purpose of the Practitioner level is to confirm whether the candidate has achieved sufficient understanding of how to apply and tailor M_o_R in a scenario situation.

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