The M_o_R Foundation 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 steps, 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
M_o_R Foundation Examination
Key exam information:
- One hour long
- Closed book
- 75 multiple-choice questions
- 50% pass mark
Throughout the M_o_R Foundation 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.
