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Management of Risk (M_o_R®) Foundation – eLearning

Duration: 12+ hours
Self-paced eLearning
Fully Accredited

Course and Pricing Information

Learn at your own pace with ease! To access the course portal, simply register and follow the steps to complete your payment via card or invoice. Once payment is confirmed, you’ll receive access within 24 to 48 hours.

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$759.00

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Purchasing in: USD

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Management of Risk (M_o_R®) Foundation – eLearning

Key Features

✔  Exam voucher included
✔  Course duration: 12+ hours
✔  Access Period: 6 months
✔  Tutor support
✔  Quizzes and exam practice
✔  Works on mobile devices
✔  Provider: GEL
✔  Accredited by: PeopleCert


Course Overview

The Management of Risk (M_o_R®) methodology provides a structured approach to pinpointing, forecasting, preparing for, and managing risks. This program covers various tools, techniques, and insights crucial for integrating robust risk management practices within an organisation, fostering long-term advantages that will enhance and develop your business strategy.

Why take this course?

  • Management of Risk (M_o_R) provides proven effective methodologies and insights usable across an organisation.
  • As the importance of risk management in business operations and corporate governance grows, roles like ‘risk manager’ are increasingly sought after.
  • Poor risk management can lead to project delays, resource waste, damaged relationships, reduced transparency, theft, and severe disruptions in a business.
  • This M_o_R Foundation e-learning course delivers a detailed exploration of the framework, its methodologies, and its value-addition potential.
  • M_o_R aligns well with other recognised frameworks such as PRINCE2®, MSP®, and AgilePgM®, offering valuable practices and insights applicable across various organizational levels and departments.
  • Participants receive six months of access and a complimentary exam voucher (subject to terms and conditions).
  • This M_o_R® Foundation course is accredited by PeopleCert.

 

The Management of Risk (M_o_R®) Foundation course is provided by GEL, an ATO of PeopleCert.

M_o_R® is a registered trademark of PeopleCert. Used under licence from PeopleCert. All rights reserved.

Welcome to M_o_R Foundation

This introductory module looks at the main features of the course, including its learning plan, aims, objectives, and structure.

Students receive a syllabus, diagram pack, glossary, and further reading and links document with URLs for downloading copies of essential M_o_R publications.

The module also addresses many of the most frequently asked questions surrounding

Module 1: Introduction to M_o_R

This module provides an overview of the M_o_R framework as well as the actions involved in its implementation.

The module goes on to address the benefits of risk management before describing the four M_o_R perspectives and risk specialisms and how they are used.

Module 2: The M_o_R Perspectives

This module describes the four M_o_R Perspectives and the roles and responsibilities related to them. It then examines Enterprise Risk Management (ERM) and the Central Risk Function.

Module 3: The M_o_R Principles

This module examines the eight M_o_R Principles, along with their purposes and outcomes. It also describes the techniques and tools used to identify contexts and engage with stakeholders.

Module 4: The M_o_R Approach

This module describes how to develop an approach to risk management. It also outlines what documents are required to do so.

Module 5: Memory Game

This module features a memory game that reviews the key terms related to M_o_R’s Principles, Perspectives, and Approach.

Module 6: The M_o_R Process Part 1

This module starts with an explanation of the four process steps of M_o_R. It explores the ‘Identify’ step and describes several related tools and techniques.

Module 7: The M_o_R Process Part 2

This module looks at the Assess, Plan, and Implement steps, as well as several tools and techniques associated with them. It also describes options for risk response and contingency planning.

Module 8: Embedding and reviewing M_o_R

This module explores how to embed and review the M_o_R framework using a risk management health check and maturity model. It then explains how to measure value and overcome barriers in risk management.

Module 9: Memory Game

This module features a memory game on the M_o_R process, as well as how to embed and review M_o_R.

Module 10: M_o_R Foundation Wrap Up

This module provides a summary of all the key points covered in the course.

Practice Exam Simulators

This module features a short video game explaining how to approach the M_o_R Foundation certification exam. It also provides two practice exam papers from AXELOS.



What will you learn?

  • Strategies for making knowledgeable decisions about risk management across an enterprise
  • Methods for pinpointing, evaluating, and mitigating risks within any sector of a company
  • How implementing risk management can position businesses for success, enhance service provision, achieve critical goals, and ensure optimal value
  • Approaches to implement risk management from diverse viewpoints
  • All the essentials required to pass the Management of Risk (M_o_R) Foundation examination successfully

Target Audience

  • Organisations looking for a streamlined and efficient method to detect, evaluate, and mitigate risks across strategic, program, project, and operational dimensions
  • Business change leaders, project leaders, risk professionals, program leaders, and others engaged in risk and opportunity management
  • Individuals interested in profitable career opportunities within risk management and related fields M_o_R team participants and support personnel who need a basic understanding of the risk management framework
  • Individuals aiming to successfully pass the M_o_R Foundation exam


Exam Information

This training is structured to comprehensively prepare participants to undertake and pass the Management of Risk (M_o_R) Foundation certification examination. There are no entry requirements to sit for the exam.

Included in this course are several practice exams to assist students in getting ready for the actual exam, along with a complimentary exam voucher. (Terms and conditions apply)

Before you schedule your exam, it’s advisable to check if your device meets the necessary technical standards. For additional details and support, please consult the PeopleCert website.

While voucher requests are generally processed within two business days, it’s wise to allow for up to five days. Vouchers need to be requested within the access period of the course, starting from the purchase date.

Management of Risk (M_o_R®) Foundation exam

  • This is a multiple choice exam consisting of 75 questions (5 questions are ‘trial questions’ which do not contribute to the overall score)
  • There is a time limit of 60 minutes to complete the exam
  • The exam is closed book, with only the provided materials being permitted for use
  • The pass mark for the exam is 50%: you must get 35 out of 70 questions correct

Digital Credentials: 

After passing the exam, you’ll earn the Management of Risk (M_o_R®) Foundation Badge, which you can proudly display on your LinkedIn profile to showcase your achievement and expertise.

What is Management of Risk (M_o_R)?

Management of Risk (M_o_R) is a robust risk management framework developed by PeopleCert. It offers a systematic approach to identifying, assessing, and managing risks across an organisation. M_o_R integrates into various corporate activities, from strategic planning to day-to-day operations, ensuring that all levels of the organisation are effectively managing risks.

How does M_o_R work?

M_o_R is structured around four core elements:

  • Principles: Essential truths upon which the success of M_o_R is founded.
  • Approach: The adaptations necessary for tailoring the principles to the organizational context.
  • Processes: A series of steps that detail the approach to identifying, assessing, and controlling risks.
  • Embedding and Reviewing: Ensuring these practices are integrated into the organisation’s processes and that their effectiveness is continually reviewed.
What are the benefits of M_o_R?

M_o_R helps organisations gain greater confidence in their strategic decisions by:

  • Improving Transparency: Identifying and describing risks clearly.
  • Increasing Accountability: Assigning ownership for specific risks.
  • Enhancing Responsiveness: Enabling quicker adaptation to risks and opportunities.
  • Driving Better Decisions: Supporting more informed decision-making at all levels.
What is the applicability of M_o_R?

M_o_R is versatile and can be beneficial in various roles and industries, making it ideal for:

  • Project Managers: Managing project-specific risks.
  • Program Managers: Overseeing risks across multiple projects.
  • Operational Managers: Integrating risk management into business processes.
  • Senior Executives: Aligning risk management with business strategy.
What is the value of M_o_R training?
  • Career Advancement: Provides the skills necessary to manage risk effectively, which is crucial for senior management roles.
  • Higher Earning Potential: Risk management professionals can command significant salaries, reflecting the value they bring to an organisation.
  • Professional Recognition: M_o_R certification is globally recognised and respected, showcasing an individual’s commitment to managing risk.
What is the reason for the popularity of M_o_R?
  • Increased Demand for Risk Management: As businesses face more complex challenges and transformations, effective risk management becomes critical.
  • Integration with Other Practices: M_o_R complements and enhances other management disciplines, such as ITIL® and PRINCE2®, making it a valuable addition to any professional’s skill set.
What are the M_o_R examinations like?
  • Foundation Exam: Closed-book with 75 questions, including five trial questions, and a pass mark of 50%.
  • Practitioner Level: Requires passing the Foundation exam and focuses on applying M_o_R within an organisational context.
Which complementary frameworks can be used with M_o_R?

M_o_R aligns well with several management practices, enhancing its utility across various business activities. It is often integrated with frameworks like PRINCE2® for project management, ITIL® for IT service management, and AgileSHIFT® for organisational transformation, providing a comprehensive approach to risk management across all these disciplines.

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