Risk Management:
Management of Risk (M_o_R)® Foundation
6 months e-learning + exam voucher
€729 + VAT
“It does not do to leave a live dragon out of your calculations, if you live near him.”
― J.R.R. Tolkien, The Hobbit or There and Back Again
Risk Management:
Management of Risk (M_o_R)® Foundation
E-learning + Web-based examination
Key information about this course:
Price: 729 € + VAT ( 6 month E-learning + Exam Voucher)
- Fully accredited
- Exam voucher included
- Free handbook included
- Course duration: 12+ hours
- Access period: 6 months
- Tutor support
- Quizzes & practice exams
- Mobile compatible
Pass the M_o_R Foundation exam with this fully accredited course!
Management of Risk (M_o_R) is a framework built around identifying, predicting, preparing for, and dealing with risks. You will study tools, practices, and insight for embedding effective risk management within your organization, creating long-term benefits that will empower and evolve your corporate strategy. Kickstart your M_o_R Foundation training!
Welcome to M_o_R 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 M_o_R publications.
The module also addresses many of the most frequently asked questions surrounding M_o_R.
Module 1: Introduction to M_o_R
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.
Module 2: The M_o_R Perspectives
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.
Module 3: The M_o_R Principles
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.
Module 4: The M_o_R 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 M_o_R’s Principles, Perspectives, and Approach.
Module 6: The M_o_R Process Part 1
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.
Module 7: The M_o_R 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 M_o_R
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.
Module 9: Memory Game
This module features a memory game on the M_o_R process, as well as how to embed and review M_o_R.
Module 10: M_o_R 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 M_o_R Foundation certification exam. It also provides two practice exam papers from AXELOS.
PeopleCert Exam Information
Your exam voucher will be sent to you shortly after you purchase your course. The exam voucher must be redeemed on the PeopleCert website before starting your course. Redeeming the exam voucher allows customers to access the official eBook.
PeopleCert exams can be taken online, through your web browser or using ExamShield proctoring software. Candidates choose how to take their exam in their account area on the PeopleCert website.
PeopleCert operate an exam insurance scheme called Take2. If you would like the opportunity to retake the exam , you must purchase Take2 before taking your exam.
Take2 can be purchased through your PeopleCert account up to 15 minutes before your exam.
Alternatively, you can become a PeopleCert Plus member to receive a free resit for all certifications you take.
Management of Risk (M_o_R) Foundation exam:
- This is a multiple choice exam consisting of 75 questions (5 questions are ‘trial questions’ which do not contribute to the overall score)
- There is a time limit of 60 minutes to complete the exam
- The exam is closed book, with only the provided materials being permitted for use
- The pass mark for the exam is 50%: you must get 35 out of 70 questions correct
What is Management of Risk (M_o_R)?
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.
How does M_o_R work?
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.
How can M_o_R benefit businesses?
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.
Who can use M_o_R?
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
How valuable is M_o_R training?
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.
Why is M_o_R so popular?
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.
Who are PeopleCert?
PeopleCert is the owner of and accrediting body for a number of best practice frameworks, including PRINCE2, PRINCE2 Agile, MSP, ITIL 4, and AgileSHIFT.
What do I need to know about the M_o_R exam?
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.
What other frameworks can complement M_o_R?
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.
Accredited Management of Risk (M_o_R®) Foundation is provided by Good e-learning, accredited by PeopleCert.