Management of Risk (MoR®) Overview Training

No prerequisites are necessary for attendance, although delegates will be expected to have some experience of working in an Operational or Programme, Project environment prior to attending the M_o_R Overview course.

Pre-Course Reading

There is no pre-course reading for the M_o_R Overview course.

At the end of this course you will be able to:

• Explain the terminology that is used within M_o_R
• Understand the principles for the development of good risk management practices
• Design an approach to risk management to improve performance
• Identify and assess risks, then plan and implement risk responses
• Establish current practices using M_o_R healthcheck and maturity model
• Identify opportunities and ways to improve Risk management
• Understand the importance of Risk Specialisms

The M_o_R Overview course includes a variety of hands on exercises to ensure that the theory is embedded and delegates feel confident in the practical application of M_o_R

The course will cover the following syllabus areas:

Introduction to M_o_R

Delegates are introduced to the world of Risk Management and the M_o_R framework. Understanding what a risk is and why and when we should do risk management and how Risk management is part of Corporate Governance & Internal Control.

M_o_R Principles

M_o_R principles are essential for the development and maintenance of good risk management. They are intended to guide an organisation to develop its own approach to meet their specific needs.

• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value

M_o_R Approach

The way an organisation implements the principles are described in their approach documents and support documentation.

• Risk Management Policy
• Process Guide
• Strategies
• Risk Register
• Issue Register
• Risk Improvement Plan
• Risk Response plan
• Risk Reports
• Risk Communication plan

M_o_R Process

The M_o_R Process is divided into four main steps of:

• Identify
• Assess
• Plan
• Implement

Focusing on the goals and tasks of each steps, the inputs needed to carry out the step, the outputs produced and the various techniques that may be applied.

M_o_R Perspectives

The way in which the principles, approach and process are applied will vary according to the perspective in which they being carried out.

• Strategic
• Programme
• Project
• Operational

Embedding and Reviewing M_o_R

Embedding and Reviewing M_o_R looks at the need to embed Risk management into the culture and the how this can be achieved through regular reviews and improvements.

• Embedding the principles
• Changing the culture for risk management
• Measuring the value of risk management
• Overcoming common process barriers
• Identifying and establishing opportunities for change
• Health check
• Risk management maturity model

M_o_R®is a [registered] trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.

The Swirl logo™ is a trade mark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved.