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M_o_R Product Overview
Benefits for Individuals
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Gain the confidence and ability to influence and shape risk management across an organization.
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Encourage openness and discuss real business issues in a realistic manner to meet business objectives, improve service delivery and achieve value for money.
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Put an effective framework in place to make informed decisions about the risks that affect strategic, programme, project and operational objectives.
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Understand the nature and extent of risks facing a company and reduce the incidence and impact on the business.
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Continuously apply risk management to an organization and simplify the process of making information available when decisions need to be made.
Benefits for Organizations
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Increase competitive advantage and become more risk aware by managing potential problems and opportunities.
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Improve performance through waste and fraud reduction and more efficient use of resources.
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Better manage contingent and maintenance activities and increase the likelihood of achieving change initiatives.
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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.
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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)
What's included?
- The official Management of Risk: Guidance for Practitioners course manual
- Approved Courseware Book, including slides, sample papers & exercises
- Pre-Course material
- Experienced Approved Trainer
- Official Exams
- Certificates
- Refreshments