Management Of Risk (M_o_R® 4) Practitioner

Learn how to implement an effective framework to make cost effective use of risk. Management of Risk (M_o_R®) is the best practice developed by the UK Government.  

In today's business environment risk is being put under the spotlight more and more and this intensive course will introduce you to risk at project, programme, business and strategic levels.

Purpose Of The Course:

Effective management of risk and informed risk-taking helps to improve performance through innovative approaches for managing the business, service delivery and value for money.  Risk is often perceived as a negative but this course will show you it can equally be a positive force.

You Will Learn How To:

• Understand risk management principles and their purpose
• Understand how risk management can be utilised within the 6 perspectives
• Implement the 8 risk management processes to create and protect value
• Be aware of how People and Culture can effect the direction of Risk Management

Course Content:

• Introduction
• Overview of MoR
• What is risk and risk management
• Challenges of applying risk management
• The MoR Manual
• Principles
• Overview of the principles:
• Aligns with Objectives
• Fits the Context
• Engages Stakeholders
• Provides clear guidance
• Informs decision making
• Facilitates Continual Improvement
• Creates a support Culture
• Achieves Measurable Value
• Perspectives
• Overview of Perspectives:
• Strategic
• Portfolio
• Programme
• Project
• Product
• Operational
• People
• Overview of people considerations
• Decision Bias
• Shaping a supportive culture
• Overcoming common challenges in application
• Processes
• Define Context and objectives
• Identify threats and opportunities
• Prioritise Risks
• Assess combined risk profile
• Plan responses
• Agree Contingency
• Monitor and Report Progress
• Review and Adapt
• Implementing MoR4 Across different operating models
• Purpose
• Functional vs product -orientated operating models
• The value of MoR4