Management of Risk Foundation and Practitioner
Course Code: PMMORFP
Duration: 5 Days
Overview
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.
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.
- As part of the preparation for this course you will find attached a document including a guide to some pre-course reading work. M_o_R® is a comprehensive and complex method. It is absolutely essential that you plan for the defined amount of time to do the pre-course reading. This will take between 10 to 15 hours. Failure to do so may seriously impair your learning.
Delegates will learn how to
This course provides a route to the M_o_R Registered Practitioner qualification By the end of this event delegates will be able to use M_o_R approach to improving performance by contributing to:
Increased certainty and fewer surprises, Better Service Delivery, More effective management of change, More efficient use of resources, Better Management at all levels through improved decision making, Reducing waste and fraud, Better value for money, Innovation, Management of contingent and maintenance activities.
Course outline
Introduction
- 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
Use of the Best Practice Guide and its Appendices
Examination preparation – Applying M_o_R to the case study
Applying M_o_R® to the case study
Examinations
- The M_o_R® Foundation Examination
- The M_o_R® Practitioner Examination
Certification
Management of Risk Foundation and Practitioner
M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries