Management of Risk (M_o_R®) Foundation & Practitioner

About this course

Introduction

Become a fully-qualified risk management specialist with this fully accredited Management of Risk (M_o_R) Foundation & Practitioner course suite from Good e-Learning!

The AXELOS M_o_R framework offers proven best practices for understanding, predicting, responding to, and recovering from risks in business.

This course familiarizes candidates with the frameworks’ processes, principles, and approach, as well as how they can be applied, reviewed, and embedded in a business in response to different risks.

The course also utilizes case studies and practice exams to help students understand the multiple perspectives of M_o_R. This course helps candidates pass both the M_o_R Foundation and M_o_R Practitioner exams on their first attempt.

Who is this course aimed at?

Businesses that require a more comprehensive and demonstrably effective approach to risk management
Candidates working in risk management or similar career paths, such as Change Managers, Program Managers, Project Managers, and others
Team members and support staff who require an understanding of the framework
Program and Project Staff/ Managers, Business Change Managers, Risk Managers, Operational Staff/ Managers, and others who actively utilize risk management in their roles
Qualified practitioners of frameworks such as PRINCE2, AgilePgM, and MSP
Anyone seeking to pass the M_o_R Foundation and Practitioner examinations on their first attempt

What will you learn by taking this course?

How to identify, assess, respond to, and control risks in different areas of an organization
How to consider risks from different perspectives and levels within a business
How to incorporate risk management into strategic governance
How effective risk management practices help businesses enhance service delivery, meet key objectives, and deliver greater business value
How to tailor the M_o_R framework to suit different scenarios
Everything needed to successfully pass the official Management of Risk (M_o_R) Foundation and Practitioner exams

Why should you take this course?

Management of Risk (M_o_R) is a demonstrably effective risk management framework utilized by organizations across various industries and sectors
Risk management as a skill is in increasingly high demand, even outside of ‘risk manager’ positions
Poor risk management practices can leave businesses vulnerable to wastage, delays, inefficiency, a lack of transparency, and other issues that can derail strategic programs and daily functions
This M_o_R online course offers a range of engaging online training assets, including instructor-led videos, regular knowledge checks, and practice exams
Risk management is relevant to a variety of strategic and managerial disciplines
Worried about M_o_R certification costs? We offer each student a FREE exam voucher
M_o_R can integrate with other frameworks a business may be using, such as AgilePgM, PRINCE2, or MSP.
This course is fully accredited by PeopleCert on behalf of AXELOS

Course Outline

M_o_R Foundation

This module offers an overview of the M_o_R framework, along with the actions involved in implementing it. It goes on to list the benefits of risk management and list out the perspectives and risk specialisms of M_o_R, as well as how they are used in practice.

Module 1: Introduction to M_o_R

This module offers an overview of the M_o_R framework, along with the actions involved in implementing it.

It goes on to list the benefits of risk management and list out the perspectives and risk specialisms of M_o_R, as well as how they are used in practice.

Module 2: The M_o_R Perspectives

This module outlines the four M_o_R perspectives along with the roles and responsibilities associated with them. It then looks at the Central Risk Function and Enterprise Risk Management (ERM).

Module 3: The M_o_R Principles

This module looks at the eight M_o_R Principles and their purposes and outcomes.

It goes on to outline the tools and techniques used to identify context and engage with stakeholders.

Module 4: The M_o_R Approach

This module looks at how to develop a suitable approach to risk management before taking students through each of the documents required to do so.

Module 5: Memory Game

This module contains a memory game on each of the key terms related to the framework’s Principles, Perspectives, and Approach.

Module 6: The M_o_R Process Part 1

This module outlines the four process steps of M_o_R.

It looks at the ‘Identify’ step in more detail, as well as several valuable associated tools and techniques.

Module 7: The M_o_R Process Part 2

This module continues looking at the four M_o_R process steps. The Assess, Plan, and Implement steps are explained in greater detail.

Several tools and techniques linked to each process are also covered.

The module finishes by describing the different options for risk response and contingency planning.

Module 8: Embedding and reviewing M_o_R

This module examines how to review and embed the framework via a risk management health check and maturity model.

It also covers how value can be measured, as well as how to overcome several common barriers in risk management.

Module 9: Memory Game

This module offers a memory game based on the framework’s process steps, as well as embedding and reviewing M_o_R.

Module 10: M_o_R Foundation Wrap Up

This module wraps up the Foundation course and revisits the topics covered in previous modules.

Practice Exam Simulators

This module features a short video covering how to prepare for the M_o_R Foundation certification exam. It also offers two practice exam papers created by AXELOS.

M_o_R Practitioner

This module introduces the Practitioner course syllabus, as well as its learning plan, aims, objectives, structure, and main features.

Students are given the diagram pack, glossary, and further reading and links document they’ll be using throughout the course. They also receive several links to download copies of the framework’s publications.

The module finishes by answering several of the most common questions on M_o_R practitioners.

Module 1: Foundation Recap 1

This module revisits the Perspectives, Approach, and Principles of the framework.

It then moves on to measuring the value of M_o_R and risk management before addressing several supporting documents, such as the Issue Register.

Module 2: Foundation Recap 2

This module revisits the M_o_R process.

It also reminds candidates of how to embed and review M_o_R in a business.

The module goes on to describe the techniques and tools included in the framework and how they are applied at different stages of the process.

Module 3: M_o_R Practitioner Scenario Introduction

This module introduces candidates to the course scenario. This is used to offer guidance on what kind of questions are included in the M_o_R Practitioner exam.

The module goes on to outline the rest of the course, including how the scenario will be revisited.

Module 4: The Strategic Perspective

This module focuses on a scenario-based test situation. Students are asked to consider the application of the framework from different perspectives.

It finishes with a 20-mark exam with questions addressing the scenario from the Strategic Perspective.

Module 5: The Programme Perspective

This module returns to the scenario, this time looking at it from the Program Perspective.

After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Module 6: The Project Perspective

This module returns to the scenario, this time looking at it from the Project Perspective.

After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Module 7: The Operational Perspective

This module returns to the scenario, this time looking at it from the Operational Perspective.

After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Module 8: M_o_R Practitioner Wrap-up

This module offers a short video describing how to prepare for the M_o_R Practitioner exam.

It also helps students prepare by revisiting techniques covered earlier in the course.

The module also provides two M_o_R Practitioner practice exams, one created by AXELOS and the other by the Good e-Learning team.

Practice Exam Simulators

This module offers a short video describing how to prepare for the M_o_R Practitioner exam.

It also helps students prepare by revisiting techniques covered earlier in the course.

The module also provides two M_o_R Practitioner practice exams, one created by AXELOS and the other by the Good e-Learning team.

Exam/Assessment

This M_o_R course is designed to fully prepare students to sit and pass both the Management of Risk (M_o_R) Foundation and Management of Risk (M_o_R) Practitioner exams. Students must first achieve Foundation-level certification before booking the Practitioner exam. The course features four practice exams (two for each level) to help students prepare for the real thing.

When a candidate is ready to sit the exam, they can contact the Good e-Learning support team to receive a FREE exam voucher.

Before booking your exam, it will be a good idea to make sure that your device meets the technical requirements. You can do so via this online test. This test will examine the suitability of your webcam, microphone and internet connection. Please visit the PeopleCert website for more information and guidance.

When you are ready to use your free exam voucher, simply contact support@goodelearning.com. Exam voucher requests are typically processed within 2 working days but please allow up to 5. Students must request their exam voucher within the course access period which starts from the date of purchase. For more information, please visit our Support & FAQs page.

(M_o_R) Foundation

This is a multiple choice exam consisting of 75 questions (5 questions are ‘trial questions’ which do not contribute to the overall score)
There is a time limit of 60 minutes to complete the exam
The exam is closed book, with only the provided materials being permitted for use
The pass mark for the exam is 50%: you must get 35 out of 70 questions correct

M_o_R Practitioner

The exam features objective testing
There are four questions per paper, with 20 marks available per question
Students must score at least 40 marks to pass (50%)
The exam lasts three hours (180 minutes)
The exam is open-book. Candidates may use the official printed hard copy of the ‘Management of Risk: Guidance for Practitioners’ guide. The ‘ABC Guide Part A Example Techniques’ guidance document is also allowed. The manual may be annotated and tabulated, but no sticky notes and loose-leaf papers containing additional notes will be allowed

What do you get?

12 months’ access from the date of purchase to complete your training
30+ hours of online training content
Exam vouchers
Access through multiple devices
Offline player for studying on the move
Tutor support

FAQs

What is Management of Risk (M_o_R)?

M_o_R is an AXELOS risk management framework designed to help practitioners identify, assess, and respond to risk. It is comprehensive yet flexible, offering practices and tools that can be applied throughout a business to remove risks and even turn them into opportunities.

How does M_o_R work?

M_o_R utilizes several Principles and Perspectives, as well as a distinct approach, to embed risk management within an organization. It also defines several ‘steps’ for a successful risk management strategy.

How can M_o_R benefit businesses?

M_o_R offers a number of benefits to practitioners and their organizations including identifying and responding to threats, identifying a variety of risks, including wastage and fraud, enhancing a business’s long-term risk management capabilities and embedding permanent risk management practices.

Who can use M_o_R?

M_o_R training is relevant to a variety of candidates, including Project managers, Change managers, Risk managers, Program managers, Support staff, Operational staff and Senior stakeholders

How valuable is M_o_R training?

According to PayScale, risk managers in the UK can earn between £33,000 and £81,000 on average. In the USA, they can earn between $57,000 and $131,000.

That said, it is worth pointing out that M_o_R risk management practices are also valuable for other career paths, such as program management, IT service management, and change management.

Why is M_o_R so popular?

Risk management has become a far more popular discipline in recent years. Businesses are finding that they need to evolve more rapidly in the Digital Age, which can lead to regular or even continuous business transformation initiatives.

At the same time, risk management has also evolved as a discipline. It is becoming a popular specialist career path and is now closely connected with organizational strategy and alignment. In other words, there are far more opportunities available for those with noteworthy risk management experience and skills.

M_o_R also has a significant pedigree, having come from AXELOS (the organization behind frameworks such as PRINCE2, ITIL 4, and Managing Successful Programmes (MSP)). It offers demonstrably effective tools and best practices for managing risks and opportunities and is generic enough to be applied to virtually any business or organization.

What is AXELOS?

AXELOS is a joint venture company that manages several of the world’s most popular corporate frameworks. These include M_o_R, PRINCE2, AgileSHIFT, and MSP.

What do I need to know about the M_o_R exam?

The M_o_R Foundation exam is 60 minutes (one hour) long and consists of 75 questions. Five of these are trial questions, meaning that the total number of marks is 70. Candidates must score at least 35 marks (50%) in order to pass. The exam is closed-book. Passing the M_o_R Foundation exam is a prerequisite to sitting the Practitioner exam.

The M_o_R Practitioner exam is 180 minutes (three hours) long and consists of four objective test questions, each of which is worth 20 marks. Candidates must score at least 40 marks (50%) in order to pass. The exam is open-book (candidates may use an official hard copy of the ‘Management of Risk: Guidance for Practitioners’ guide, along with the ‘ABC Guide Part A Example Technique’ document. The manual can be annotated, but candidates will not be allowed to bring in sticky notes or loose-leaf papers).

What other frameworks can complement M_o_R?

Management of Risk (M_o_R) is compatible with several other frameworks since its best practices can be applied widely throughout a business. Suitable frameworks include AgileSHIFT, ITIL4, PRINCE2, and PRINCE2 Agile.

What you will learn

M_o_R® Foundation Level:

Introduction to Risk Management (M_o_R®): Understand the fundamental concepts, principles, and terminology of risk management.

Key Concepts of M_o_R®: Gain insights into key concepts such as risk appetite, risk tolerance, risk culture, and risk ownership.

Principles of Risk Management: Explore the four M_o_R® principles: Aligns with objectives, fits the context, engages stakeholders, and provides clear guidance.

Approaches to Risk Management: Learn about different approaches to risk management, including proactive and reactive approaches.

M_o_R® Framework: Understand the M_o_R® framework, including the risk management process, roles and responsibilities, and documentation.

Risk Management Process: Explore the risk management process, including risk identification, risk assessment, risk treatment, and risk monitoring and reporting.

M_o_R® Practitioner Level (Building on Foundation):

Advanced Application of M_o_R® Principles and Practices: Develop practical skills in applying M_o_R® principles and practices to real-world risk management scenarios.

Embedding Risk Management in the Organization: Learn how to embed risk management practices within the organizational culture and processes.

Risk Management Techniques: Explore advanced risk management techniques, such as risk workshops, risk analysis tools, and risk modeling.

Risk Management Roles and Responsibilities: Understand the roles and responsibilities of risk management stakeholders, including the risk owner, risk manager, and risk reviewer.

Implementing Risk Management Processes: Learn how to implement risk management processes effectively within an organization, including establishing risk management policies and procedures.

Measuring and Monitoring Risk Management Performance: Explore techniques for measuring and monitoring the performance of risk management processes and practices.

By completing the Management of Risk (M_o_R®) Foundation & Practitioner course, participants will have gained comprehensive knowledge and skills in risk management, enabling them to effectively identify, assess, treat, and monitor risks within their organizations.

Benefits of this course

Internationally Recognized Certification:

Completion of the M_o_R® Foundation & Practitioner course leads to an internationally recognized certification, demonstrating proficiency in risk management methodologies.

Comprehensive Risk Management Skills:

Participants develop comprehensive risk management skills and knowledge, enabling them to effectively identify, assess, treat, and monitor risks within their organizations.

Enhanced Decision-Making:

By understanding risk management principles and practices, participants are better equipped to make informed decisions and mitigate potential risks to project and organizational objectives.

Improved Project Success Rates:

Effective risk management practices learned in the course can lead to improved project success rates, as organizations are better prepared to anticipate and respond to risks throughout the project lifecycle.

Alignment with Organizational Objectives:

M_o_R® helps organizations align risk management practices with strategic objectives, ensuring that risks are managed in a way that supports the achievement of organizational goals and benefits realization.

Better Stakeholder Confidence:

Effective risk management practices instill confidence in stakeholders that potential risks are being identified, assessed, and managed appropriately, fostering trust and support for project initiatives.

Enhanced Organizational Resilience:

Organizations that implement robust risk management practices are more resilient to uncertainties and disruptions, enabling them to adapt and respond effectively to changes in the business environment.

Reduced Costs and Losses:

Proactive risk management practices can help organizations avoid or minimize potential costs and losses associated with risks, such as project delays, budget overruns, and reputational damage.

Improved Compliance and Governance:

M_o_R® provides a structured approach to risk management that helps organizations meet regulatory requirements and maintain good governance practices.

Overall, the Management of Risk (M_o_R®) Foundation & Practitioner course equips individuals and organizations with the knowledge, skills, and tools needed to effectively manage risks, enhance decision-making, and drive organizational resilience and success.

£1,149.00

Benefits Obtained :