Management of Risk (MoR®) Foundation – eLearning

The Management of Risk (MoR®) methodology provides a structured approach to pinpointing, forecasting, preparing for, and managing risks.

Course and Pricing Information:

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Management of Risk (MoR®) Foundation – eLearning

Complete online at your own pace (Self-paced)

Management of Risk (MoR®) Foundation – eLearning

Complete online at your own pace (Self-paced)

1421478

$759.00$759.00USD

$759.00

excl.

Management of Risk (MoR®) Foundation – eLearning


Course Overview

The Management of Risk (MoR®) methodology provides a structured approach to pinpointing, forecasting, preparing for, and managing risks. This program covers various tools, techniques, and insights crucial for integrating robust risk management practices within an organisation, fostering long-term advantages that will enhance and develop your business strategy.

Why take this course?

  • Management of Risk (MoR) provides proven effective methodologies and insights usable across an organisation.
  • As the importance of risk management in business operations and corporate governance grows, roles like ‘risk manager’ are increasingly sought after.
  • Poor risk management can lead to project delays, resource waste, damaged relationships, reduced transparency, theft, and severe disruptions in a business.
  • This MoR Foundation e-learning course delivers a detailed exploration of the framework, its methodologies, and its value-addition potential.
  • MoR aligns well with other recognised frameworks such as PRINCE2®, MSP®, and AgilePgM®, offering valuable practices and insights applicable across various organisational levels and departments.
  • Participants receive six months of access and a complimentary exam voucher (subject to terms and conditions).
  • This MoR® Foundation course is accredited by PeopleCert.

 

The Management of Risk (MoR®) Foundation course is provided by GEL, an ATO of PeopleCert.

MoR® is a registered trademark of PeopleCert. Used under licence from PeopleCert. All rights reserved.

Welcome to MoR Foundation

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 MoR publications.

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

Module 1: Introduction to MoR

This module provides an overview of the MoR 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 MoR perspectives and risk specialisms and how they are used.

Module 2: The MoR Perspectives

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

Module 3: The MoR Principles

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

Module 4: The MoR Approach

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

Module 5: Memory Game

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

Module 6: The MoR Process Part 1

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

Module 7: The MoR Process Part 2

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.

Module 8: Embedding and reviewing MoR

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

Module 9: Memory Game

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

Module 10: MoR Foundation Wrap Up

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

Practice Exam Simulators

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



What will you learn?

  • Strategies for making knowledgeable decisions about risk management across an enterprise
  • Methods for pinpointing, evaluating, and mitigating risks within any sector of a company
  • How implementing risk management can position businesses for success, enhance service provision, achieve critical goals, and ensure optimal value
  • Approaches to implement risk management from diverse viewpoints
  • All the essentials required to pass the Management of Risk (MoR) Foundation examination successfully

Target Audience

  • Organisations looking for a streamlined and efficient method to detect, evaluate, and mitigate risks across strategic, program, project, and operational dimensions
  • Business change leaders, project leaders, risk professionals, program leaders, and others engaged in risk and opportunity management
  • Individuals interested in profitable career opportunities within risk management and related fields MoR team participants and support personnel who need a basic understanding of the risk management framework
  • Individuals aiming to successfully pass the MoR Foundation exam


Exam Information

This training is structured to comprehensively prepare participants to undertake and pass the Management of Risk (MoR) Foundation certification examination. There are no entry requirements to sit for the exam.

Included in this course are several practice exams to assist students in getting ready for the actual exam, along with a complimentary exam voucher. (Terms and conditions apply)

Before you schedule your exam, it’s advisable to check if your device meets the necessary technical standards. For additional details and support, please consult the PeopleCert website.

While voucher requests are generally processed within two business days, it’s wise to allow for up to five days. Vouchers need to be requested within the access period of the course, starting from the purchase date.

What is Management of Risk (MoR)?

Management of Risk (MoR) is a robust risk management framework developed by PeopleCert. It offers a systematic approach to identifying, assessing, and managing risks across an organisation. MoR integrates into various corporate activities, from strategic planning to day-to-day operations, ensuring that all levels of the organisation are effectively managing risks.

How does MoR work?

MoR is structured around four core elements:

  • Principles: Essential truths upon which the success of MoR is founded.
  • Approach: The adaptations necessary for tailoring the principles to the organisational context.
  • Processes: A series of steps that detail the approach to identifying, assessing, and controlling risks.
  • Embedding and Reviewing: Ensuring these practices are integrated into the organisation’s processes and that their effectiveness is continually reviewed.
What are the benefits of MoR?

MoR helps organisations gain greater confidence in their strategic decisions by:

  • Improving Transparency: Identifying and describing risks clearly.
  • Increasing Accountability: Assigning ownership for specific risks.
  • Enhancing Responsiveness: Enabling quicker adaptation to risks and opportunities.
  • Driving Better Decisions: Supporting more informed decision-making at all levels.
What is the applicability of MoR?

MoR is versatile and can be beneficial in various roles and industries, making it ideal for:

  • Project Managers: Managing project-specific risks.
  • Program Managers: Overseeing risks across multiple projects.
  • Operational Managers: Integrating risk management into business processes.
  • Senior Executives: Aligning risk management with business strategy.
What is the value of MoR training?
  • Career Advancement: Provides the skills necessary to manage risk effectively, which is crucial for senior management roles.
  • Higher Earning Potential: Risk management professionals can command significant salaries, reflecting the value they bring to an organisation.
  • Professional Recognition: MoR certification is globally recognised and respected, showcasing an individual’s commitment to managing risk.
What is the reason for the popularity of MoR?
  • Increased Demand for Risk Management: As businesses face more complex challenges and transformations, effective risk management becomes critical.
  • Integration with Other Practices: MoR complements and enhances other management disciplines, such as ITIL® and PRINCE2®, making it a valuable addition to any professional’s skill set.
What are the MoR examinations like?
  • Foundation Exam: Closed-book with 75 questions, including five trial questions, and a pass mark of 50%.
  • Practitioner Level: Requires passing the Foundation exam and focuses on applying MoR within an organisational context.
Which complementary frameworks can be used with MoR?

MoR aligns well with several management practices, enhancing its utility across various business activities. It is often integrated with frameworks like PRINCE2® for project management, ITIL® for IT service management, and AgileSHIFT® for organisational transformation, providing a comprehensive approach to risk management across all these disciplines.

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