M_o_R® (Management of Risk), an AXELOS product, defines risk as "an uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives. A risk is measured by the combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact on objectives". Within this definition, "threat" is used to describe an uncertain event that would have a negative impact on objectives and "opportunity" is used to describe an uncertain event that would have a favourable impact on objectives.
This updated version 4 provides a framework for decision-makers to understand how uncertainty, and risk arising from that uncertainty, might impact their objectives, and to use that framework to make proportionate plans in order to create and protect value.
The course is suitable for
There is no official pre-requisite for this stand-alone Practitioner only certification. We recommend all delegates, regardless of their experience, take advantage of our pre-course reading recommendations
M_o_R® 4 is the definitive guide to managing risk effectively, providing practitioners with the ability to practically apply the framework in the workplace. It places value creation at the core of risk management and offers a practical understanding of how risk links to value creation and protection. The alignment of M_o_R® 4 with internationally - recognised ISO standards and a global perspective allows it to be implemented across different industries, sectors, regions, and geographies.
M_o_R4 Practitioner only Stand alone - a PeopleCert accredited stand-alone three day course which prepares you for the Management of Risk (M_o_R) Version 4 practitioner exam. This certification allows you to demonstrate you have an understanding of how to apply and tailor M_o_R® 4 in a practical context. You will be able to start applying an M_o_R® 4-based risk management approach to organizational challenges to enable the creation and protection of value. Please note there is NO foundation certification for this Version 4. Expect homework and pre-course reading to prepare for this course.