M_o_R is recognized internationally as the best practice approach to managing risk. It is used globally by hundreds of large and small organizations throughout the private and public sectors to improve the way in which they manage threats and uncertainties across all aspects of their business.
The robust and flexible framework allows organizations to accurately assess risk to bring about better and more proactive decision making and improved strategic planning through an in-depth understanding of risks and their likely impact. Using the framework, organizations are able to reduce the size of possible threats and/or increase the size of potential opportunities.
The systematic approach helps organizations to apply the required principles, approaches, and processes towards the tasks of identifying, estimating, and evaluating risks, and then planning and implementing risk responses.
The combined M_o_R Foundation & Practitioner course starts with an introduction to the M_o_R framework before moving on to looking at how the principles and techniques can be are applied in the real world.
All delegates enrolled on virtual course bookings receive a hard copy of course materials sent to a preferred postal address.
There are no pre-requisites for this course. However, delegates must pass the Foundation exam before proceeding to the Practitioner level. There are approximately five to eight hours of pre-course reading and two hours of homework per night during the course. This is necessary in order to pass both the exams.
Instructor-led, group-paced, classroom-delivery learning model with structured hands-on activities.
The objective of the Foundation course is for delegates to understand the key principles and terminology within the M_o_R guidance. The course and exam are based on a case study featuring a large organization facing major strategic change.
The emphasis at the Practitioner Level is on the appropriate application of M_o_R principles and practices in the real world. Delegates will learn how to use the knowledge they gained at the Foundation level to start applying the M_o_R framework to a particular organizational perspective.
For a given scenario, successful delegates will be able to apply and tailor the following when implementing risk management throughout an organisation or updating the current risk management practices:
Over the five day course, the following topics are covered:
M_o_R Introduction
M_o_R Principles
M_o_R Approach
M_o_R Process
Embedding and Reviewing
M_o_R Perspectives
M_o_R Techniques
M_o_R Risk Specialisms
The 45-minute Foundation level exam consists of 45 multiple choice questions and the pass mark is 23/45 or 50%. This is a closed book exam i.e. entrants may not refer to any course materials or their own notes. It is necessary to pass this exam in order to proceed to the M_o_R Practitioner level.
A three-hour exam takes place on the final day of the course. The exam consists of nine questions (180 marks available in total) and the pass mark is 90/180 or 50%. No material other than the Question Booklet, the Scenario Booklet, the Answer Booklet, and the TSO and APMG guides* is to be used.
* Management of Risk: Guidance for Practitioners (the Management of Risk 'guide') published by TSO and the APMG guidance document; ABC Guide Part A Example Techniques.
