Management of Risk (M_o_R®) Practitioner

About this course

Introduction

Become a fully qualified M_o_R practitioner with this fully accredited course from Good e-Learning!

Management of Risk (M_o_R) is an AXELOS framework offering proven tools and best practices for understanding, predicting, and responding to potential risks.

This course refreshes candidates on their knowledge of the framework’s principles, approach, and processes, as well as how they can be embedded, reviewed, and applied in response to different risks.

It also features a case study and two practice exams to help candidates understand all four of M_o_R’s perspectives: Strategic, Program, Project, and Operational.

By the end of the course, candidates will be fully prepared to sit and pass the M_o_R Practitioner exam.

Kickstart your M_o_R Practitioner training today!

Who is this course aimed at?

Candidates with an active role in risk management, such as Business Change Managers, Program and Project Managers, Risk Managers, Business, Project, and Program Support Staff, and Operational Staff/ Managers
Candidates in roles related to other frameworks, such as Managing Successful Programmes (MSP) and PRINCE2
Any organization seeking a more effective and controlled approach to identifying, assessing, responding to, and controlling risks at operational, project, program, and strategic levels
Anyone looking to earn one of the most lucrative qualifications in the risk management career path
Anyone seeking to pass the M_o_R Prcatitioner examination on their first attempt

What will you learn by taking this course?

How to tailor and apply M_o_R in a practical scenario
How to apply M_o_R from any organizational perspective
Everything required to pass the M_o_R Practitioner certification exam

Why should you take this course?

M_o_R takes a comprehensive approach to risk management, addressing it from multiple perspectives and encouraging holistic awareness
The Management of Risk (M_o_R) Practitioner certification is highly valued across a number of different careers
Risk management is becoming increasingly essential for corporate management and governance, even outside of the risk manager specialization
Poor risk management practices can lead to significant wastage and delays, as well as damage to an organization’s reputation and relationships
This M_o_R Practitioner online training course offers a range of online training assets, including instructor-led videos, knowledge checks, and practice exams
M_o_R is compatible with several popular frameworks, such as MSP, AgilePgM, and PRINCE2
We offer each student 6 months access and a FREE exam voucher
This course is fully accredited by PeopleCert on behalf of AXELOS

Course Outline

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 course is designed to fully prepare students to sit and pass the Management of Risk (M_o_R) Practitioner exam. Students must first achieve Foundation-level certification before booking the Practitioner exam. The course features two practice exams 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 to do so.

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 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?

6 months’ access from the date of purchase to complete your training
16+ 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

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, ensuring that risk management becomes an integral part of decision-making and business operations.

Risk Management Techniques:

Explore advanced risk management techniques, such as risk workshops, risk analysis tools, and risk modeling, enabling participants to identify, assess, and prioritize risks effectively.

Risk Management Roles and Responsibilities:

Understand the roles and responsibilities of risk management stakeholders, including the risk owner, risk manager, and risk reviewer, and how they contribute to the risk management process.

Implementing Risk Management Processes:

Learn how to implement risk management processes effectively within an organization, including establishing risk management policies and procedures, and integrating risk management into project management practices.

Measuring and Monitoring Risk Management Performance:

Explore techniques for measuring and monitoring the performance of risk management processes and practices, enabling organizations to continuously improve their risk management capabilities.

Tailoring M_o_R® for Projects:

Understand how to tailor M_o_R® methodologies to suit different project environments and organizational contexts, ensuring that risk management practices are fit for purpose.

By completing the Management of Risk (M_o_R®) Practitioner course, participants will have developed advanced skills and knowledge in risk management, enabling them to effectively identify, assess, treat, and monitor risks within their organizations, and drive organizational resilience and success.

Benefits of this course

Advanced Risk Management Skills:

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

Internationally Recognized Certification:

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

Enhanced Decision-Making:

By mastering risk management principles and practices, participants are better equipped to make informed decisions that take into account potential risks and their impact on project and organizational objectives.

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.

Improved 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.

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.

Enhanced Compliance and Governance:

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

Improved 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.

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

£709.00

Benefits Obtained :