Management of Risk (M_o_R®) Practitioner eLearning - $1426 (with exam)

Learning Objectives

This module introduces the course, including its learning plan, aims, objectives, structure, and main features. Students receive a diagram pack, glossary, further reading and links document, and several links to download copies of the framework’s publications.

The module also addresses some of the most common questions about M_o_R Practitioner.

Learning Objectives

This module returns to the Perspectives, Approach, and Principles of M_o_R. It also helps students understand how to measure the value of M_o_R before covering supporting documents such as the Issue Register.

Learning Objectives

The module returns to the M_o_R Process and how to embed and review M_o_R within an organization. It then expands on the tools and techniques of the framework and how they are used at different steps within the Process.

Learning Objectives

This module establishes a scenario-based practice. It uses this to provide guidance on the question types found in the M_o_R Practitioner certification exam.

The module also outlines how to navigate the rest of the course and how the scenario will be used later on.

Learning Objectives

This module presents a scenario-based test situation. The scenario applies M_o_R from different perspectives and concludes with a 20-mark exam with questions that ask students to consider the scenario from a strategic viewpoint.

Learning Objectives

This module shifts focus to the Program Perspective. It focuses on the realistic application of M_o_R from this viewpoint and concludes with another 20-mark exam.

Learning Objectives

This module switches to the Project Perspective. As previously, the module then looks at the realistic application of M_o_R from this viewpoint and concludes with a 20-mark exam.

Learning Objectives

This module addresses the final perspective of M_o_R, Operational. The module covers the realistic application of M_o_R from this viewpoint before moving on to a 20-mark exam.

Learning Objectives

This final module offers a summary of all the key points covered throughout the course. Students are advised to revisit previous modules to become as familiar as possible with the course material before attempting the official exam.

Learning Objectives

This module features a short video on how to best approach the M_o_R Practitioner exam. It also revisits several useful techniques covered elsewhere in the course.

The module also features two full practice exams, one provided by AXELOS and the other by Good e-Learning.

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 the 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.

M_o_R also has a significant pedigree, having come from AXELOS (the organization behind frameworks such as PRINCE2, ITIL 4, and Managing Successful Programmes (MSP)). It offers demonstrably effective tools and best practices for managing risks and opportunities and is generic enough to be applied to virtually any business or organization.

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.

The M_o_R Practitioner exam is 180 minutes (three hours) long and consists of four objective test questions, each of which is worth 20 marks. Candidates must score at least 40 marks (50%) in order to pass. The exam is open-book (candidates may use an official hard copy of the ‘Management of Risk: Guidance for Practitioners’ guide, along with the ‘ABC Guide Part A Example Technique’ document. The manual can be annotated, but candidates will not be allowed to bring in sticky notes or loose-leaf papers.)

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.