Course Description

This comprehensive 5-day course provides a thorough understanding of the Management of Risk: Creating and Protecting Value (M_o_R 4) methodology. Participants will learn how to implement an effective framework for risk management across all levels of an organization, from strategic to operational. The course covers the M_o_R 4 principles, perspectives, processes, and people aspects, with a focus on practical application and value creation.

M_o_R is recognised internationally as the best practice approach to managing risk. It is used globally by hundreds of large and small organisations throughout the private and public sectors to improve the way in which they manage threats and uncertainties across all aspects of their business.

The robust and flexible framework allows organisations to accurately assess risk, bringing about better and more proactive decision-making and improved strategic planning through an in-depth understanding of risks and their likely impact. Using the framework, organisations can reduce the size of possible threats and/or increase the size of potential opportunities.

The systematic approach helps organisations apply the required principles, approaches, and processes to identify, estimate, and evaluate risks and then plan and implement risk responses.

Course Materials

• M_o_R 4 'Creating and protecting value' core guidance
• Course workbook and slides
• Sample examination papers
• Pre-course reading materials

Target Student

This course is ideal for:

• Project Managers
• Risk Managers
• Business Analysts
• Compliance Officers
• Finance Professionals
• Operations Managers
• IT Managers
• Change Managers
• Government Officials
• Anyone involved in or responsible for managing risks within organisations

Benefits to the individual

• Gain a comprehensive understanding of risk management principles and practices.
• Learn how to apply the M_o_R 4 framework in various organisational contexts.
• Develop skills to identify, assess, and manage risks effectively
• Enhance decision-making capabilities in risk-related scenarios
• Obtain a globally recognised certification in risk management

Benefits to the business

• Implement a consistent and effective approach to risk management across the organisation.
• Improve decision-making processes by incorporating risk considerations
• Enhance corporate governance and enterprise risk management
• Increase the likelihood of achieving organisational objectives
• Foster a risk-aware culture that balances threats and opportunities

Pre-requisites

There are no formal prerequisites for this course. However, some experience working in an operational, programme, project, or product environment would be beneficial.

Delivery Method

Instructor-led, group-paced, classroom or virtual delivery.

Course Content

Introduction to M_o_R 4

• What is risk and risk management
• Why use risk management
• Risk management as part of Corporate Governance & Internal Control

M_o_R 4 Principles

• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value

The 6 Perspectives of Risk Management

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

People and Culture in Risk Management

• Developing a supportive risk culture
• Engaging stakeholders
• Building individual competence
• Working with decision bias
• Overcoming common challenges in application

M_o_R 4 Processes

• Define context and objectives
• Identify threats and opportunities
• Prioritise risks
• Assess the combined risk profile
• Plan responses
• Agree on contingency
• Monitor and report progress
• Review and adapt

Risk Management Across Different Operating Models

• Functional vs product-oriented operating models
• Integrating risk management in different organisational contexts

Risk Management in Agile Environments

• Integrating risk management with Agile practices
• Enhancing enterprise agility and resilience through risk management

Practical Application and Case Studies

• Scenario-based exercises
• Application of M_o_R 4 framework to real-world situations

Exam Preparation

• Review of key concepts
• Practice questions and mock exams

M_o_R 4 Practitioner Examination

Key Exam Details

• Duration: 2 hours 15 minutes
• Format: 65 multiple-choice questions
• Passing score: 50% (33 out of 65 questions)
• Open book: Only the M_o_R 4 'Creating and protecting value' guide is permitted
• Scheduling: To be arranged separately after the 5-day course

Examination Overview

The M_o_R 4 Practitioner Examination evaluates a candidate's ability to comprehend, implement, and adapt the M_o_R 4 framework as outlined in the syllabus. Successful candidates should be able to apply the framework with guidance, though they may require support in certain scenarios. The extent of a candidate's success depends on their personal risk management experience, the complexity of their work environment, and the level of organizational support for M_o_R 4 implementation.

Exam Preparation

The course provides comprehensive preparation for the Practitioner exam through:

• Exposure to various exam-style questions
• Practical exercises and Q&A sessions to reinforce learning
• Sample exam papers and scenarios for practice
• Guided discussions on correct and incorrect answers to deepen understanding of the methodology

Candidates will have ample opportunity to familiarize themselves with the exam format and practice time management strategies. The course facilitator will ensure that all delegates are well-prepared for the final examination.