The M_o_R 4 Practitioner course includes a variety of hands-on exercises to ensure that the theory is embedded and learners feel confident in the practical application of M_o_R 4. Additional evening work will be required in the form of consolidation reading and mock examination questions. The evening work is an integral part of the course and delegates should expect to spend approximately 1.5 hours on the activities.
The course will cover the following syllabus areas:
Introduction to M_o_R 4
Learners are introduced to the world of Risk Management and the M_o_R 4 framework. Throughout our entire course, the focus for an organisation or sub-set of it, is to create and protect value. Value can be in the form of benefits, how useful or the importance of one or more outcomes.
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. Learners are also introduced to four fictitious scenarios that are storyboarded throughout the course .
M_o_R4: Principles
M_o_R 4 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 4: 6 Perspectives
Risk management is focused on objectives and decision making. The objectives and decision making in each perspective will be different. This must also reflect tailored practices and controls.
Most organisations will not operate across all six perspectives but will have strategic and operational objectives. One of the many strengths of M_o_R 4 is the full integration of all six perspectives providing a joined-up approach that facilitates escalation, delegation and aggregation of risk.
- Strategic
- Portfolio
- Programme
- Project
- Product
- Operational
M_o_R 4: Working in an Agile way
M_o_R 4 also addresses the unique challenges of working in an Agile way, providing clear guidance on how to effectively integrate risk management with Agile practices at all levels of an organisation, helping teams and individuals alike to use risk to enhance enterprise agility and resilience. In short, understanding risk as an opportunity as well as a threat and how, when managed effectively, it enables business success.
M_o_R 4: People
A new addition to M_o_R 4 is a chapter on ‘People’ and ‘culture’ which shows how implementing a positive risk culture provides people within an organisation with the skills to manage risk in a collaborative, communicative, and transparent way. Topics include developing a supportive risk culture, engaging stakeholders, building individual competence, and working with decision bias. We will explore what this means to the organisation and of course you! We will also explore what the challenges may look like along with top tips and advice on how we can look to overcome them.
M_o_R 4: Processes
To create and protect value through risk management, M_o_R 4 provides eight distinct processes to achieve this. Each process has its unique purpose, objectives, techniques, support documents, and involvement of key roles. All will be explored in an interactive way via a scenario.
All 8 processes apply across each and every perspective and collectively form the M_o_R 4 process cycle. Please find below a list of all 8 processes:
- Define context and objectives
- Identify threats and opportunities
- Prioritise risks
- Assess combined risk profile
- Plan responses
- Agree contingency
- Monitor and report progress
- Review and adapt
M_o_R4: Across different operating models
Integrating risk management will align to the context of the organisation, both internal and external. How we achieve this will differ depending on the operating model the organisation uses. Our focus here is between functional and product orientation. We will explore the differences between the two models and the potential impact these introduce. Without understanding and addressing these impacts, there is a strong likelihood that the integrated risk management approach will not maximise and fully protect the expected value.
M_o_R 4 Practitioner Examination
Key exam information:
- To be scheduled outside of the 5-day course
- 2 hours 15 minutes
- Semi-open book exam - M_o_R 4 ‘Creating and protecting value’ guide only
- 65 multiple-choice questions
- 50% pass mark (33 / 65)
Introduction to M_o_R 4 Practitioner Examination
The M_o_R 4 Practitioner Examination is intended to assess whether the candidate can demonstrate sufficient ability to understand, apply, and tailor the M_o_R 4 framework (as described in the syllabus) to be awarded the M_o_R 4 Practitioner qualification.
A successful Practitioner candidate should, with suitable direction, know how to apply the M_o_R 4 framework, but may need support to apply it to some situations. Their individual risk management expertise, the complexity of the environment, and the support provided for the use of M_o_R 4 in that environment will all be factors that impact what the learner can achieve.
Preparing for the Practitioner exam
Throughout the M_o_R 4 Practitioner course, learners will be exposed to numerous examples of examination questions. We will undertake a number of exercises and 'question-and-answer' sessions that will help to consolidate the learning, ensuring that delegates are more than adequately prepared for the final examination.
Using a sample exam paper and scenario, learners can practise exam questions and timings in preparation for the live exam. Your QA facilitator will encourage discussions not only around the correct answers, but also on why something is not correct to build on your understanding of the methodology.
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Related courses
QA Certificate in Risk Management (QARMM)
APM Project risk Certificate level 1 workshop (APMPMRCL1W-A)
APM Project risk Certificate level 2 workshop (APMPMRCL2W-A)
