Management of Risk Foundation & Practitioner Training Course

This 5 day course is designed to provide a coherent and logical solution to the problem of implementing a risk management framework within an organisation. It is designed to be adjustable to allow you to tailor your approach to risk according to your organisations's needs.

There is a significant quantity of homework to be completed during the course so delegates are advised to make allowances for this in their plans for the week.

Audience

Risk forms a part of the everyday running of any business or organisation, therefore, the study of its anticipation and management is relevant for all individuals and organisations wishing to develop their awareness in this area.

Learning Objectives

By actively participating in this course, you will learn about the following:

• 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
• Reduced waste and fraud, and better value for money
• Innovation
• Management of contingent and maintenance activities

Prerequisites

No prerequisites are necessary for attendance, although delegates will be expected to have some experience of working in an Operational or Programme, Project environment prior to attending the M_o_R Foundation course.

Course Contents

The M_o_R Foundation and Practitioner course includes a variety of hands-on exercises to ensure that the theory is embedded and delegates feel confident in the practical application of M_o_R.

Additional evening work will be required in the form of consolidation reading and mock examination questions.

The evening work is an integral part of the course and delegates should expect to spend approximately two hours on the activities.  The course will cover the following syllabus areas:

Introduction to M_o_R

Delegates are introduced to the world of Risk Management and the M_o_R framework. 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.

M_o_R Principles

M_o_R 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 Approach

The way an organisation implements the principles are described in their approach documents and support documentation:

• Risk Management Policy
• Process Guide
• Strategies
• Risk Register
• Issue Register
• Risk Improvement Plan
• Risk Response plan
• Risk Reports
• Risk Communication plan

M_o_R Process

The M_o_R Process is divided into four main steps of:

• Identify
• Assess
• Plan
• Implement

Focusing on the goals and tasks of each step, the inputs needed to carry out the step, the outputs produced and the various techniques that may be applied.

M_o_R Perspectives

The way in which the principles, approach and process are applied will vary according to the perspective in which they being carried out.

• Strategic
• Programme
• Project
• Operational

Embedding and Reviewing M_o_R

Embedding and Reviewing M_o_R looks at the need to embed Risk management into the culture and the how this can be achieved through regular reviews and improvements.

• 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
• Health check
• Risk management maturity model

Exam Information
This course prepares delegates for the  M_o_R Foundation Exam which is taken on Day Three, and the M_o_R Practitioner Exam which is taken on Day Five of this course.  Exams are included in the course fee

M_o_R Foundation Examination

• One hour long
• Closed book
• 75 multiple-choice questions
• 50% pass mark

M_o_R Practitioner Examination

• 3 hour long
• Open book
• 4 Questions (1 for each perspective)
• Each question has 20 individual questions giving 80 questions in total
• 50% pass mark

Throughout the M_o_R Foundation & Practitioner course, delegates will be exposed to numerous examples of examination questions. We will undertake a number of exercises and 'question-and-answer' sessions that will help to consolidate the learning, thereby ensuring that delegates are more than adequately prepared for the final examination.

If taking an exam, candidates are required to provide Photo ID with a valid signature e.g. driving license, passport or named work ID badges prior to sitting their exam.

Failure to produce this ID will result in their exam results being withheld until proof of ID is provided. Please note that if proof is not provided within 40 days, candidate's exam results will be null and void and a re-sit would be required.