Course Summary

The Practitioner teach you to get an understanding of how to apply and tailor M_o_R in a practical context. You should be able to start applying an M_o_R-based risk management approach to any organization challenge.

The course will cover the following syllabus areas:

Introduction to M_o_R 4:

Learners are introduced to the world of Risk Management and the M_o_R 4 framework. Throughout our entire course, the focus for an organisation or sub-set of it, is to create and protect value. Value can be in the form of benefits, how useful or the importance of one or more outcomes.
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. Learners are also introduced to four fictitious scenarios that are storyboarded throughout the course .

M_o_R4: Principles:

M_o_R 4 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.

• 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 4: 6 Perspectives:

Risk management is focused on objectives and decision making. The objectives and decision making in each perspective will be different. This must also reflect tailored practices and controls.

Most organisations will not operate across all six perspectives but will have strategic and operational objectives. One of the many strengths of M_o_R 4 is the full integration of all six perspectives providing a joined-up approach that facilitates escalation, delegation and aggregation of risk.

• Strategic
• Portfolio
• Programme
• Project
• Product
• Operational

M_o_R 4: Working in an Agile way:

M_o_R 4 also addresses the unique challenges of working in an Agile way, providing clear guidance on how to effectively integrate risk management with Agile practices at all levels of an organisation, helping teams and individuals alike to use risk to enhance enterprise agility and resilience. In short, understanding risk as an opportunity as well as a threat and how, when managed effectively, it enables business success.

M_o_R 4: People:

A new addition to M_o_R 4 is a chapter on ‘People’ and ‘culture’ which shows how implementing a positive risk culture provides people within an organisation with the skills to manage risk in a collaborative, communicative, and transparent way. Topics include developing a supportive risk culture, engaging stakeholders, building individual competence, and working with decision bias. We will explore what this means to the organisation and of course you! We will also explore what the challenges may look like along with top tips and advice on how we can look to overcome them.

M_o_R 4: Processes:

To create and protect value through risk management, M_o_R 4 provides eight distinct processes to achieve this. Each process has its unique purpose, objectives, techniques, support documents, and involvement of key roles. All will be explored in an interactive way via a scenario.

All 8 processes apply across each and every perspective and collectively form the M_o_R 4 process cycle. Please find below a list of all 8 processes:

1. Define context and objectives
2. Identify threats and opportunities
3.Prioritise risks
4. Assess combined risk profile
5. Plan responses
6. Agree contingency
7. Monitor and report progress
8. Review and adapt

M_o_R4: Across different operating models:

Integrating risk management will align to the context of the organisation, both internal and external. How we achieve this will differ depending on the operating model the organisation uses. Our focus here is between functional and product orientation. We will explore the differences between the two models and the potential impact these introduce. Without understanding and addressing these impacts, there is a strong likelihood that the integrated risk management approach will not maximise and fully protect the expected value.

Before sitting a M_O_R Practitioner exam, you must first pass Foundation.

Exam Details: Type: Objective Testing Number of Questions: 4 questions per paper Marks Available: 20 marks per question Passing Score: 40 out of 80 marks (50%) Duration: 3 hours Format: Open book

Following your booking, a confirmation message will be sent to all participants, ensuring you're well-informed of your successful enrollment. Calendar placeholders will also be dispatched to assist you in scheduling your commitments around the course. Rest assured, all course materials and access to necessary labs or platforms will be provided no later than one week before the course begins, allowing you ample time to prepare and engage fully with the learning experience ahead.

Our comprehensive training package includes all the necessary materials and resources to facilitate a full learning experience. Enrollees will be provided with detailed course content, encompassing a wide array of topics to ensure a thorough understanding of the subject matter. Additionally, participants will receive a certificate of completion to recognize their dedication and hard work. It's important to note that while the course fee covers all training materials and experiences, the examination fee for certification is not included but can be purchased separately.

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