Management of Risk (M_o_R) Foundation and Practitioner

Prerequisites:

There are no specific pre-requisites for this course but delegates will be expected to have experience in Operational or Project management. As a requirement for the exam, please bring a valid photo ID (passport or driving licence) with you for the start of the course. Also, please also bring a non-programmable calculator with you or the course and for use on the exam.

If you have a medical condition that you feel may affect your performance in a formal examination (e.g. dyslexia) please contact your Account Manager well in advance of the event. The examining board can make special dispensation for this but need medical evidence and time to organize this. Exam regulations prevent the board-appointed invigilator acting once the training course has started.

Course Description:

A certain amount of risk taking is inevitable if an organisation is both to achieve objectives and exploit opportunities effectively. The adoption of well managed risk taking is likely to lead to sustainable improvements in service improvement and business growth.

The Framework will allow organisations to perceive potential problems before they either arise or become a threat to achievement.

This course is aimed at Business Managers; Programme and Project Managers; Operational Managers and any other roles within an organisation which need to develop their knowledge and capabilities in the Management of Risk. The course leads to the Registered Practitioner qualification via 2 Examinations. One is 45 minute, 45 question, multiple-choice, closed book and the other is 3.5 hours, essay-style, open book.

This course includes the following modules:

Introduction to Risk

• What is a risk?
• Why do Risk Management?
• Governance Requirements
• Internal Control
• When to apply Risk Management

M_o_R Principles for example

• Organisational Context and Objectives
• Stakeholder Involvement
• Early Warning Indicators
• Overcoming Objections
• Continual Improvement
• Reporting

M_o_R Approach

• Setting up Risk Management Policies and Processes
• Risk Management Planning
• Using Risk Register and Issue Log

M_o_R Processes

• Identifying Risks
• Analysing Risks
• Planning for Implementation of Countermeasures
• Communication

M_o_R Embedding and Reviewing Risk Management

• Measuring effectiveness
• Success factors
• Building awareness
• Modifying behaviour towards risks
• Senior Management Buy-in and Commitment
• Roles and Responsibilities

M_o_R Perspectives

• Strategic
• Programme
• Project
• Operational