MoR Training

M_o_R Product Overview

Benefits for 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 for 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.

Foundation Level

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.

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 - 20 question items per question
• 40 marks or more required to pass (out of 80 available) - 50%
• Three hours (180 minutes) duration, no additional reading time
• Open book exam (Management of Risk: Guidance for Practitioners)