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M_o_R® (Management of Risk)                                                                                                     
Managment of Risk M_o_R is part of the Best Practice Guidance portfolio published by the Cabinet Office.

 

M_o_R considers risk from different perspectives within an organization: strategic, programme, project and operational. While it links to other cabinet Office Best Practice, it respects the roles, responsibilities and terminologies used outside the disciplines of programme and project management.

A risk consists of a combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact on objectives". With this definition 'threat' is used to describe an uncertain event that could have a negative impact on objectives or benefits; and 'opportunity' is used to describe an uncertain event that could have a favorable impact on objectives or benefits.

Benefits of Individuals:

·         Gain the confidence and ability to influence and shape risk management across an organization.

·         Encourage openness and discuss real business issues in a realistic manner to meet business objectives, improve service delivery and achieve value for money.

·         Put an effective framework in place to make informed decisions about the risks that affect strategic, programme, project and operational objectives.

·         Understand the nature and extent of risks facing a company and reduce the incidence and impact on the business.

·         Continuously apply risk management to an organization and simplify the process of making information available when decisions need to be made.

 

Benefits of Organizations:

  • Increase competitive advantage and become more risk aware by managing potential problems and opportunities.
  • Improve performance through waste and fraud reduction and more efficient use of resources.
  • Better manage contingent and maintenance activities and increase the likelihood of achieving change initiatives.
  • Bring together principles, an approach and a process with a set of interrelated steps and pointers to more detailed sources of advice on risk management techniques and specialisms in order to develop a route map for risk management.
  • Identify, assess and control risks to effectively manage them.

M_O_R Foundation Level:  (3 Days)

 

 

The purpose of the foundation certification is to confirm that a candidate is able to demonstrate a knowledge and comprehension of the four elements of the M_o_R framework - Principles, Approach, Processes, Embedding and reviewing - and how they support corporate governance. The Foundation level is also a pre-requisite for the Practitioner qualification.

 

Exam Format

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

M_O_R Practitioner level :

 

The purpose of the Practitioner level is to confirm whether the candidate has achieved sufficient understanding of how to apply and tailor M_o_R in a scenario situation.

Exam Format

  • 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 the Management of Risk: Guidance for Practitioners (the Management of Risk 'guide'), published by TSO, together with the APMG guidance document ABC Guide Part A Example Techniques. No material other than the Question Booklet, the Scenario Booklet, the Answer Booklet and the two guides is to be used.

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