Management of Risk (MOR)

This 5 day course is designed to provide a coherent and logical solution to the problem of implementing a risk management framework within an organisation. It is designed to be adjustable to allow you to tailor your approach to risk according to your organisations's needs.
 
There is a significant quantity of homework to be completed during the course so delegates are advised to make allowances for this in their plans for the week.
 
Target Audience
Risk forms a part of the everyday running of any business or organisation, therefore, the study of its anticipation and management is relevant for all individuals and organisations wishing to develop their awareness in this area.
 
Objectives
Upon completion of this course, delegates will have a greater understanding of the advantages of risk management within an organisation, such as:
  • Increased certainty and fewer surprises
  • Better service delivery
  • More effective management of change
  • More efficient use of resources
  • Better management at all levels through improved decision making
  • Reduced waste and fraud, and better value for money
  • Innovation
  • Management of contingent and maintenance activities.
 
Prerequisites
Delegates are required to meet the following pre-requisites:
  • There are no official Pre-Requisites for this course.
 
Testing and Certification
This course prepares delegates for the following exam(s):
  • The M_o_R ® Foundation Exam is taken on Day Three, and the M_o_R® Practitioner Exam is taken on Day Five of this course.
Show details
Content
Though there has been a growing awareness of the importance of risk in business practices, it has previously been deemed to be too impractical to implement a suitable structure for the adoption of the relevant changes. Notably the NAO study of risk management , the Cabinet Office’s report ‘Successful IT: Modernising Government in Action,’ and HM Treasury’s Orange Book all contain valuable messages and certainly outline the importance of risk management, however, they do not provide clear and informed framework for the practical development of such a structure within a company.
The M_o_R® course is designed to bridge this gap, demonstrating the importance of cost effective risk management both in the analysis of positive opportunities and negative threats as well as in the practical implementation of risk management within the company structure.
Risk is an inherent part of any organisation. The successful implementation of these processes will allow a business to perceive problems potentially before they have arisen, and to analyse the value of any proposed project, through the risks involved, encouraging innovation and expansion.
The M_o_R ® approach complements the OGC’s guidance on programme management (MSP®) and project management (PRINCE2®).
This course is focused at providing you with an understanding of the Management of Risk: Guidance to Practitioners (OGC). Further more detailed risk techniques training can also be provided on request.