Management of Risk (M_o_R®) Foundation

Overview

A certain amount of risk taking is inevitable if an organization is both to achieve objectives and exploit opportunities effectively. The adoption of well-managed risk taking is likely to lead to sustainable improvements in service improvement and business growth.   The Framework will allow organizations to perceive potential problems before they either arise or become a threat to achievement of objectives.

This course is aimed at Business Managers; Programme and Project Managers; Operational Managers and any other roles within an organization which need to develop their knowledge and capabilities in the Management of Risk. The course leads to the Registered Foundation qualification via a 1 hour, 75 questions,(70 exam questions & 5 trail questions) multiple-choice, closed book examination.  The pass mark is 35 (50%).  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.

Please be aware, this course also provides 21 Hours of Contact Education/Professional Development Units towards PMI PMP
certification/re-certification

Prerequisites

There are no specific pre-requisites for this course but delegates will be expected to have experience in Operational or Project Management.

• As part of the preparation for this course you will receive pre-course work. This will take between 10 to 15 hours and will be essential to the success of the course. If you have not received your pre-reading material within one week of the start of your course, please contact your Account Manager or contact us at info@qa.com.
• 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. If you have a medical condition that you feel may affect your performance in a formal examination (e.g. dyslexia) please contact your Account Manager well in advance of the course.  The examining board can make special dispensation for this but need medical evidence and time to organize this.  Exam regulations prevent us or the board-appointed invigilator acting once the training course has started.

Delegates will learn how to

This course provides a route to the M_o_R Registered Foundation qualification.  By the end of this course delegates will be able to use the M_o_R approach to risk management to improve performance by contributing to:

• Increased certainty and fewer surprises
• Better Service Delivery
• More effective management of change
• More efficient use of resources
• Better Management at all levels through improved decision making
• Reducing waste and fraud
• Better value for money
• Innovation
• Management of contingent and maintenance activities 

Course Outline

Introduction

• What is a risk?
• Why do Risk Management?
• How risk management is part of Corporate Governance & Internal Control
• When to apply Risk Management
• What are risk specialisms

M_o_R Principles for example:

• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value

M_o_R Approach

• Setting up Risk Management Policies, Processes & Strategies
• Using other related documents and the relationship between them
• Risk Register
• Issue Register
• Risk Improvement Plan
• Risk Response plan
• Risk Reports
• Risk Communication plan

M_o_R Processes

• Identifying Risks
• Assessing Risks
• Planning for Implementation of Countermeasures
• Communication

M_o_R Perspectives

• Strategic
• Programme
• Project
• Operational
• Roles & Responsibilities

M_o_R Embedding and Reviewing Risk Management

• Embedding the principles
• Changing the culture for risk management
• Measuring the value of risk management
• Overcoming common process barriers
• Identifying and establishing opportunities for change
• Risk management maturity model
• Health check

The M_o_R Foundation Examination

M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries