Course description
Management of Risk (M_o_R®) Foundation: In-House Training
This M_o_R® Foundation course prepares learners to demonstrate knowledge and comprehension of the four elements of the M_o_R framework: Principles, Approach, Processes, Embedding and Reviewing and how these elements support corporate governance. The M_o_R Foundation Course is also a prerequisite for the M_o_R Practitioner qualification.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend
This M_o_R Foundation course is ideal for professionals who need to learn and apply the concepts of risk management, and specifically, understand the principles and language of the M_o_R method. For example, Directors, all levels of Managers, Program and Project Managers, Program Office Staff, Business Change Managers, and Business Consultants.
Prerequisites
There are no formal prerequisites, however, some familiarity with risk in a business context is desired.
Outcome / Qualification etc.
What you will Learn
At the end of the M_o_R Foundation course, participants will gain competencies in and be able to:
- Describe the key characteristics of risk and the benefits of risk management
- List the eight M_o_R Principles
- List and describe the use of the key M_o_R Approach documents
- Create Probability and Impact scales
- Define and distinguish between risks and issues
- Create a Risk Register
- Create a Stakeholder map
- Identify the key roles in risk management
- Use the key techniques and describe specialisms in risk management
- Undertake the M_o_R Foundation examination
Training Course Content
Introduction
- Introduction to the M_o_R course
- What is a risk?
- What is risk management?
- Why is risk management so important?
- Basic risk definitions
- The development of knowledge about risk management
- Corporate governance and internal control
- Where and when should risk management be applied?
M_o_R Principles
- The purpose of M_o_R principles
- Aligns with objectives
- Fits the context
- Engages stakeholders
- Provides clear guidance
- Informs decision-making
- Facilitates continual improvement
- Creates a supportive culture
- Achieves measurable value
- Risk management maturity models
M_o_R Approach
- Relationship between the documents
- Risk management policy
- Risk management process guide
- Risk management strategy
- Risk register
- Issue register
- Risk response plan
- Risk improvement plan
- Risk communications plan
M_o_R Process
- Common process barriers
- Identify contexts
- Identify the risks
- Assess estimate
- Assess evaluate
- Plan
- Implement
- Communication throughout the process
M_o_R Perspectives
- Strategic perspective
- Program perspective
- Project perspective
- Operational perspective
Risk Specialisms
- Business continuity management
- Incident and crisis management
- Health and Safety management
- Financial risk management
- Environmental risk management
- Reputational risk management
- Contract risk management
Why choose IIL Europe
2,000,000+ people trained by IIL
50,000 annual online conference visitors
2,000+ companies have chosen to partner with IIL as their Learning Partner
Request info
IIL Global
At IIL, our fundamental values of Intelligence, Integrity, and Innovation guide our actions and achievements with each customer, partner, and colleague. Our deepest purpose is to foster the growth and success of individuals, teams, and organizations through enduring relationships and...