Management of Risk

This is an ideal course for general management roles and for anyone considering specialising in risk management. 

There are no specific eligibility requirements for attending this course, however Service leavers would be expected to have some knowledge or experience in general or operational management roles or project management.

The MoR Practitioner Certification is valid for 3 years

This 5 day highly interactive course will provide you with a thorough understanding of the ‘Management of Risk: Creating and Protecting Value (M_o_R®4) methodology.

Management of Risk (M_o_R 4) is designed to help an organisation establish an effective framework for risk management, enabling you to make informed decisions about the risks that affect any of your strategic, portfolio, programme, project, product, and operational objectives as well as an integrated approach that gives senior management an overall view of risk.

The training provides practical guidance for managing risk, showing how risk links to opportunity and the realisation of benefits. M_o_R 4 is universally applicable and aligned to ISO standards.

Throughout the course, the trainer will help you understand the benefits of adopting the M_o_R methodology and guidance on how this can be achieved.

Pre Course work: You will be sent pre course work and will required to spend around 5 hours in advance of the course completing pre course study. It is imperative this is completed so that you can maximise the value from the course. All relevant course materials are provided, including the core guidance 'Management of Risk: Creating and protecting value'.

At the end of this course you will be able to:

The M_o_R 4 Practitioner course includes a variety of hands-on exercises to ensure that the theory is embedded and you feel confident in the practical application of M_o_R 4. Additional evening work will be required in the form of consolidation reading and mock examination questions. The evening work is an integral part of the course and you should expect to spend approximately 1.5 hours on the activities each evening.

The course will cover the following syllabus areas:

Introduction to M_o_R 4

Attendees are introduced to the world of Risk Management and the M_o_R 4 framework. Throughout the entire course, the focus is to create and protect value. Value can be in the form of benefits, how useful or the importance of one or more outcomes.

Understanding what a risk is and why and when we should do risk management and how Risk management is part of Corporate Governance & Internal Control. Attendees are also introduced to four fictitious scenarios that are storyboarded throughout the course .

M_o_R4: Principles

M_o_R 4 principles are essential for the development and maintenance of good risk management. They are intended to guide an organisation to develop its own approach to meet their specific needs.

M_o_R 4: 6 Perspectives

Risk management is focussed on objectives and decision-making. The objectives and decision-making in each perspective will be different. This must also reflect tailored practices and controls.

Most organisations will not operate across all six perspectives but will have strategic and operational objectives. One of the many strengths of M_o_R 4 is the full integration of all six perspectives providing a joined-up approach that facilitates escalation, delegation and aggregation of risk.

M_o_R 4: Working in an agile way

M_o_R 4 also addresses the unique challenges of working in an Agile way, providing clear guidance on how to effectively integrate risk management with Agile practices at all levels of an organization, helping teams and individuals alike to use risk to enhance enterprise agility and resilience. In short, understanding risk as an opportunity as well as a threat and how, when managed effectively, it enables business success

M_o_R 4: People

A new addition to M_o_R 4 is a chapter on ‘People’ and ‘culture’ which shows how implementing a positive risk culture provides people within an organization with the skills to manage risk in a collaborative, communicative and transparent way. Topics include developing a supportive risk culture; engaging stakeholders; building individual competence and working with decision bias. We will explore what this means to the organisation and of course you! We will also explore what the challenges may look like along with top tips and advice on how we can look to overcome them.

M_o_R 4:Processes

To create and protect value through risk management, M_o_R 4 provides eight distinct processes to achieve this. Each process has its unique purpose, objectives, techniques, support documents and involvement of key roles. All will be explored in an interactive way via a scenario

All 8 processes apply across each and every perspective and collectively form the M_o_R 4 process cycle. Please find below a list of all 8 processes:

M_o_R4: Across different operating models

Integrating risk management will align to the context of the organisation, both internal and external. How this can be achieved will differ depending on the operating model the organisation uses. The focus is between functional and product orientation. We will explore the differences between the two models and the potential impact these introduce. Without understanding and addressing these impacts, there is a strong likelihood that the integrated risk management approach will not maximise and fully protect the expected value.

M_o_R Practitioner Exam (from April 2022)

Course Manuals  for Overseas Service Leavers - All Service leavers attending virtual training from overseas will be emailed electronic copies of materials in advance of the course. It would be helpful if you have dual screens to refer to these during the course. Please note that due to copyright, these materials cannot be printed. If you would prefer course materials to be posted, this can be arranged at an additional cost of £40. Please advise CBIC staff if you require posted materials.

A search of Risk Management on mainstream job sites will show a wide range of opportunities which all require a knowledge of how to manage risk in certain situations. 

This training is particularly suitable for the following:

• Risk Manager
• Executive Management
• Operations Manager
• Project Manager
• Quality / Compliance Manager
• Operational Resilience / Business Continuity roles
• Change Manager