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M_o_R® Foundation and Practitioner

The M_o_R guide is intended to help organizations put an effective framework in place for taking informed decisions about the risks that affect their performance objectives across all organizational activities, whether these be strategic, programme, project or operational.

Course Fact Sheet v1.3 – M_o_R®

Management of Risk (M_o_R) Foundation & Practitioner

5 days course

 

The M_o_R guide is intended to help organizations put an effective framework in place for taking informed decisions about the risks that affect their performance objectives across all organizational activities, whether these be strategic, programme, project or operational.

A major factor influencing the drive towards more formalized approaches to risk management has been the increased focus given to corporate governance in both the UK and the US, following high-profile collapses of companies such as Bank of Credit and Commerce International, the Maxwell Communication Corporation plc, Enron and WorldCom.

This is a 5-day course, including the Foundation and Practitioner examinations.

Course runs 9:00 – 17:00 each day

 

Course Content

M_o_R is a classroom-based course, delivered over 5 days, and covering the M_o_R framework which is based on 4 core concepts:

M_o_R 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.

M_o_R 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.

M_o_R 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.

 

Benefits

The main benefits of M_o_R Management of Risk are:

  • Better service delivery
  • Reduction in management time spent fire fighting
  • Increased likelihood of change initiatives being achieved
  • More focus internally on doing the right things properly
  • Better basis for strategy setting
  • Achievement of competitive advantage
  • Fewer sudden shocks and unwelcome surprises
  • More efficient use of resources
  • Reduced waste and fraud and better value for money
  • Improved innovation

 

Prerequisites

No pre-requisites. Delegates should complete the pre-course work before attending the training

 

Audience

The M_o_R course will be of particular interest to:

  • From a strategic perspective – the Accounting Officer (public sector) or CEO (private sector), the Executive Management Team and the Head(s) of the Audit and/or Risk Committees.
  • From a programme perspective – the Sponsoring Group, Programme Board, Senior Responsible Owner (SRO), Programme Manager and Business Change Managers (BCMs).
  • From a project perspective – the Project Board, Project Sponsor (or SRO or Executive) and Project Manager.
  • From an operational perspective – Operational Directors/Heads of Operations and Operational Managers.

 

Exams

There are two M_o_R qualifications, the Foundation and the Practitioner:

Foundation:

  • Multiple choice format
  • 75 questions per paper
  • 5 questions to be trial and not counted in scores
  • 35 marks required (out of 70 available) to pass - 50%
  • 60 minutes duration
  • Closed book.

 

Practitioner:

  • Objective testing
  • 4 questions per paper, 20 marks available per question
  • 40 marks required to pass (out of 80 available) - 50%
  • Three hours duration
  • Candidates may make use of theManagement of Risk: Guidance for Practitioners(the Management of Risk 'guide'), published by TSO, together with theABC Guide Part A Example Techniquesguidance document. No material other than the Question Booklet, the Scenario Booklet, the Answer Booklet and the two guides is to be used.

Candidates must pass the Foundation Exam before the Practitioner Exam, either on the same day or separately. If a candidate has previously passed the Foundation Exam, they qualify to sit the Practitioner Exam without needing to re-sit the Foundation.

If a candidate sits the Foundation Exam only, and passes, they will receive a "Foundation Examination" certificate stating that they have passed. However, if a candidate sits both the Foundation and Practitioner Exam on the same day, and passes both, they will receive a "Practitioner Examination" certificate, but not a "Foundation Examination" one.

  Location Start Date End Date Duration Availability Price
Dubai 2016-11-27 2016-12-01 5 days Available
$3,450.00

Dubai 2017-02-05 2017-02-09 5 days Available
$3,450.00

Dubai 2017-04-23 2017-04-27 5 days Available
$3,450.00

Dubai 2017-07-09 2017-07-13 5 days Available
$3,450.00

Dubai 2017-11-19 2017-11-23 5 days Available
$3,450.00


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