Management of Risk (M_o_R®) Foundation eLearning - $1280 (with exam)

Learning Objectives

This introductory module looks at the main features of the course, including its learning plan, aims, objectives, and structure.

Students receive a syllabus, diagram pack, glossary, and further reading and links document with URLs for downloading copies of essential M_o_R publications.

The module also addresses many of the most frequently asked questions surrounding M_o_R.

Learning Objectives

This module provides an overview of the M_o_R framework as well as the actions involved in its implementation.

The module goes on to address the benefits of risk management before describing the four M_o_R perspectives and risk specialisms and how they are used.

Learning Objectives

This module describes the four M_o_R Perspectives and the roles and responsibilities related to them. It then examines Enterprise Risk Management (ERM) and the Central Risk Function.

Learning Objectives

This module examines the eight M_o_R Principles, along with their purposes and outcomes. It also describes the techniques and tools used to identify contexts and engage with stakeholders.

Learning Objectives

This module describes how to develop an approach to risk management. It also outlines what documents are required to do so.

Learning Objectives

This module features a memory game that reviews the key terms related to M_o_R’s Principles, Perspectives, and Approach.

Learning Objectives

This module starts with an explanation of the four process steps of M_o_R. It explores the ‘Identify’ step and describes several related tools and techniques.

Learning Objectives

This module looks at the Assess, Plan, and Implement steps, as well as several tools and techniques associated with them. It also describes options for risk response and contingency planning.

Learning Objectives

This module explores how to embed and review the M_o_R framework using a risk management health check and maturity model. It then explains how to measure value and overcome barriers in risk management.

Learning Objectives

This module features a memory game on the M_o_R process, as well as how to embed and review M_o_R.

Learning Objectives

This module provides a summary of all the key points covered in the course.

Learning Objectives

This module features a short video game explaining how to approach the M_o_R Foundation certification exam. It also provides two practice exam papers from AXELOS.

M_o_R is an AXELOS risk management framework designed to help practitioners identify, assess, and respond to risk. It is comprehensive yet flexible, offering practices and tools that can be applied throughout a business to remove risks and even turn them into opportunities.

M_o_R utilizes several Principles and Perspectives, as well as a distinct approach, to embed risk management within an organization. It also defines several ‘steps’ for a successful risk management strategy.

M_o_R offers a number of benefits to practitioners and their organizations including identifying and responding to threats, identifying a variety of risks, including wastage and fraud, enhancing a business’s long-term risk management capabilities and embedding permanent risk management practices.

M_o_R training is relevant to a variety of candidates, including Project managers, Change managers, Risk managers, Program managers, Support staff, Operational staff and Senior stakeholders

According to PayScale, risk managers in the UK can earn between £33,000 and £81,000 on average. In the USA, they can earn between $57,000 and $131,000.

That said, it is worth pointing out that M_o_R risk management practices are also valuable for other career paths, such as program management, IT service management, and change management.

Risk management has become a far more popular discipline in recent years. Businesses are finding that they need to evolve more rapidly in this new and highly competitive digital age, which can lead to regular or even continuous business transformation initiatives.

At the same time, risk management has also evolved as a discipline. It is becoming a popular specialist career path and is now closely connected with organizational strategy and alignment. In other words, there are far more opportunities available for those with noteworthy risk management experience and skills. This has made M_o_R training increasingly popular.

AXELOS is a joint venture company that manages several of the world’s most popular corporate frameworks. These include M_o_R, PRINCE2, AgileSHIFT, and MSP.

The M_o_R Foundation exam is 60 minutes (one hour) long and consists of 75 questions. Five of these are trial questions, meaning that the total number of marks is 70. Candidates must score at least 35 marks (50%) in order to pass. The exam is closed book. Passing the M_o_R Foundation exam is a prerequisite to sitting the Practitioner exam.

Management of Risk (M_o_R) is compatible with several other frameworks since its best practices can be applied widely throughout a business. Suitable frameworks include AgileSHIFT, ITIL4, PRINCE2, and PRINCE2 Agile.