The Management of Risk (M_o_R) guide is intended to help organisations put in place an effective framework for taking informed decisions about the risks that affect their performance objectives across all organisational activities, whether these be strategic, programme, project or operational.
Risk management should be most rigorously applied where critical decisions are being made. Decisions about risk will vary depending on whether the risk relates to long, medium or short-term goals.
Strategic decisions are primarily concerned with long-term goals; these set the context for decisions at other levels of the organisation. The risks associated with strategic decisions may not become apparent until well into the future. Thus it is essential to review these decisions and associated risks on a regular basis.
Medium-term goals are usually addressed through programmes and projects to bring about business change. Decisions relating to medium-term goals are narrower in scope than strategic ones, particularly in terms of time frame and financial responsibilities.
At the operational level the emphasis is on the short-term goals to ensure ongoing continuity of business services; however, decisions about risk at this level must also support the achievement of the long- and medium-term goals.
Management of Risk is ideal for business change managers, risk managers, business, programme and project, support staff and managers, operational staff and managers. It is also suitable for staff and managers from other disciplines responsible for establishing standards and/or integrating them with MOP™ Portfolio Management, MSP® Programme Management and PRINCE2® Project Management.
The M_o_R framework is based on four core concepts of:
The Principles: These are essential for the development of good risk management practice. They are all derived from corporate governance principles in the recognition that risk management is a subset of an organisation's internal controls
The Approach: The principles need to be adapted and adopted to suit each individual organisation. Accordingly, an organisation's approach to the principles needs to be agreed and defined within a Risk Management Policy, Process Guide and Strategies, and supported by the use of Risk Registers and Issue Logs.
The Processes: There are four main process steps, which describe the inputs, outputs and activities involved in ensuring that risks are identified, assessed and controlled.
Embedding and Reviewing M_o_R: Having put in place the principles, approach and processes, an organisation needs to ensure that they are consistently applied across the organisation and that their application undergoes continual improvement in order for them to be effective.
This course is available at Foundation and Practitioner levels. The Foundation course is delivered over 3 days and the Practitioner course over 2 days. The course can be undertaken individually, as two separate courses, or as a single 5-day course which includes both of the exams, the Foundation exam on day 3 and Practitioner exam on day 5.
The course is delivered by an APM Group approved trainer with practical experience in risk management. The course prepares candidates for the M_o_R Foundation and Practitioner exams.
M_o_R Foundation qualification
The purpose of the Foundation qualification is to confirm that a candidate has sufficient knowledge and understanding to contribute to the identification, assessment and control of risks across any organisational perspective. Their understanding will include the four elements of the M_o_R framework and how these support corporate governance.
Features of the exam:
- A closed book exam
- 75 questions per paper with 1 mark available per question
- 1 hour to complete
- 5 of the questions are trial questions and are not counted in the final score
- Candidates need to achieve a mark of 35 (50%) or more to pass
- The Invigilator will mark this paper and provide interim results on the same day, they will then be confirmed by APMG.
You can opt for an online or paper Foundation examination when you make your booking.
M_o_R Practitioner qualification
The purpose of the Practitioner qualification is to confirm you have achieved sufficient understanding of how to apply and tailor M_o_R in a scenario situation.
Features of the exam:
- An open book exam (Manual and APMG ABC Guide Part A Example Techniques only)
- 4 Questions per paper with 20 marks available per paper, making the total marks = 80
- 3 hours to complete
- Candidates need to achieve a mark of 40 (50%) or more to pass
- Papers are sent to APMG for marking, results take 2 – 3 weeks.
There are no formal pre-requisites for entry into the Foundation course, however a pass in the Foundation exam is a prerequisite for the M_o_R Practitioner course and exam.
M_o_R®, MOP™, MSP® and PRINCE2® are registered trademarks of the Cabinet Office.
CoursesNow offers M_o_R® in association with Alluvion Consulting Pty Ltd.