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The M_o_R Guide is intended to help organisations put in place an effective framework for risk management. This will help them make informed decisions about the risks that affect strategic, programme, project and operational objectives.
The guide provides a route map for risk management, bringing together basic concepts, an approach, a process with a set of interrelated process steps, and pointers to more detailed sources of advice on risk management techniques and specialisms. It also provides advice on how the principles, approach and processes should be embedded, reviewed and applied differently depending on the nature of the objectives at risk.
M_o_R 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 consists of a combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact on objectives”. Within this definition 'threat' describes an uncertain event that could have a negative impact; and 'opportunity' describes an uncertain event that could have a favourable impact.
M_o_R employs a best practice approach to managing opportunities and risks, providing a structured framework for risk management. Its aim is to help organisations to achieve their objectives by first identifying the risks and then choosing the right response to the threats and opportunities that are created by uncertainty.
The key features of Management of Risk training include:
These elements can be summed up by the statement that the “adoption of well managed risk-taking is likely to lead to sustainable improvements in service delivery”.
Organisations need to have in place the skills, management structures and organisational structures to take advantage of potential opportunities to perform better and to reduce the possibility of failure.
Note that some evening work is required – approximately 2 to 3 hours on days 1 and 2.
Industry Association Recognition
Project Management Institute (PMI)
Australian Institute of Project Management (AIPM)
At the end of this course you will be able to:
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As part of the preparation for this course you will receive some pre-course work. M_o_R is a comprehensive and complex method. It is absolutely essential that you plan for the defined amount of time to do the pre-course work. This will take between 10 to 15 hours. Failure to do so may seriously impair your learning. You will receive your (OGC) 'Management of Risk: Guidance for Practitioners' manual on the 1st day of the course.
Please note: You must bring signed photo ID with you on any MoR exam days (passport, driving licence, student card) as you will be asked to produce it by the invigilator prior to the exam. You must also be familiar with the APMG Terms and Conditions of Certification which can be found here on the APMG International website.
The M_o_R Foundation course includes a variety of hands on exercises to ensure that the theory is embedded and delegates feel confident in the practical application of M_o_R. Additional evening work will be required in the form of consolidation reading and mock examination questions. The evening work is an integral part of the course and delegates should expect to spend approximately two hours on the activities.
The course will cover the following syllabus areas:
Introduction to M_o_R
Delegates are introduced to the world of Risk Management and the M_o_R framework. Understanding what a risk is and why and when we should do risk management and how Risk management is part of Corporate Governance Internal Control.
M_o_R principles are essential for the development and maintenance of good risk management. They are intended to guide an organisation to develop its own approach to meet their specific needs.
The M_o_R Process is divided into four main steps of:
Focusing on the goals and tasks of each steps, the inputs needed to carry out the step, the outputs produced and the various techniques that may be applied.
The way in which the principles, approach and process are applied will vary according to the perspective in which they being carried out.
Embedding and Reviewing M_o_R
Embedding and Reviewing M_o_R looks at the need to embed Risk management into the culture and the how this can be achieved through regular reviews and improvements.
M_o_R Foundation Examination
Key exam information:
Throughout the M_o_R Foundation course, delegates will be exposed to numerous examples of examination questions. We will undertake a number of exercises and 'question-and-answer' sessions that will help to consolidate the learning, thereby ensuring that delegates are more than adequately prepared for the final examination.
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The course leads to the Registered Foundation qualification via a 45 minute, 45 questions, multiple-choice, closed book examination. The exam does not expire and preliminary results will be known at the end of the course followed by confirmation of results from the exam board.
If you need training for 3 or more people, you should ask us about onsite training. Putting aside the obvious location benefit, content can be customised to better meet your business objectives and more can be covered than in a public classroom. It's a cost effective option.
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