MoR® Foundation & Practitioner

Build excellence in risk management

ABOUT THE PROGRAM

MoR® Foundation and Practitioner courses are designed to provide essential knowledge about the framework, procedures and methodologies of Management of Risk (MoR®) and risk management. The five-day course explains how to implement Processes, Approaches, Principles and Embedding and Reviewing MoR®. Throughout the course, the delegates will understand the benefits of implementing the MoR® methodology and describe its importance from Project, Program, Operational and Strategic perspectives within the organization.

  • Efficient use of available resources and reduce performance variability

  • In-depth knowledge of all types of risks

  • Enhance career opportunities and become an asset for an organization

  • Aims at regulatory compliance and manage the strategic plans

  • Courses led by certified and well-experienced Instructors

  • MSP Training offers flexible mode of training at an affordable price

WHAT'S INCLUDED ?

Find out what's included in the training programme.

Includes

Pre Course Material

It provides some basic knowledge about the course before training.

Includes

Exam(s) included

Exams are provided, as part of the course. Obtaining certification is dependant on passing these exams

Includes

Certificate

Delegates will get certification of completion at the end of the course.

Includes

Tutor Support

A dedicated tutor will be at your disposal throughout the training to guide you through any issues.

PREREQUISITES

No particular prerequisites are required for the course. However, the delegates should have working experience in Project, Program or any operational environment before attending the MoR® Foundation and Practitioner course. During the course, the delegates must pass the Foundation exam before sitting for Practitioner exam which is conducted at the completion of the course.

TARGET AUDIENCE

The course is designed for a below set of delegates:

  • Program Managers
  • Project Managers
  • Risk Managers
  • Operational staff and managers
  • Auditors
  • Business Change Managers

WHAT WILL YOU LEARN?

  • Able to manage the risk and optimize performance by applying set procedures and approaches
  • Classify the principles for the development of good risk management practices
  • Evaluate opportunities and methods to improve Risk management
  • Define the terminology used within MoR®
  • Establish current practices applying MoR® health check and maturity model
  • Describe the importance of Risk Specialisms
  • Able to identify and assess risks, then plan and implement risk responses
  • Understand the relationship between the four elements of the MoR Process
  • Able to review and make recommendations to embed the framework of MoR®

Enquire Program

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PROGRAM OVERVIEW

Every decision made within an organization involves certain elements of risks and brings both positive and negative impacts. The MoR® Foundation and Practitioner course is designed to provide a broad knowledge of MoR® framework, approaches and benefits and enables the delegates to implement programs, strategy, projects and operations at the workplace for the growth of an organization.

The training program involves real hands-on exercises of MoR® that increases the self-confidence of the delegates to handle independent projects and mitigating the risks associated with it. The course provides an effective structure for systematically identifying, evaluating and managing the risks across all levels of an organization.

Important Information about MoR® Foundation and Practitioner Exam

The delegates must pass two examinations for the completion of the course. Details of exams are as following:

MoR® Foundation Exam

  • Open Book Exam
  • Based on objective testing
  • Pass marks: 50%
  • Two questions of 20 marks each
  • Duration: 90 minutes

MoR® Practitioner Exam

  • Open Book Exam
  • Based on objective testing
  • Pass marks: 50%
  • Four questions of 20 marks each
  • Duration: 3 hours

                                  


PROGRAM CONTENT

An Introduction to MoR®

The module introduces the delegates to the world of risk management and explain the concepts of risk and outline the importance of risk management. It also describes MoR® framework and methodologies and focuses on the role of risk management in corporate governance.

  • Describe MoR® concepts and definitions
  • Understand MoR® framework
  • What is Risk?
  • Benefits of Risk Management
  • Role of Risk management in Corporate Governance and Internal Control

MoR® Principles

The module explains the development and maintenance of efficient risk management which enables the delegates to develop their approach to handle risk and meet the organization’s requirements.

  • Align with objectives
  • Fit in the context
  • Enhanced decision-making
  • Engagement of stakeholders
  • Encourage continual improvement
  • Provides clear guidance
  • Attains measurable value
  • Develop a supportive environment

MoR® Approach

In this module, Understand how to implement the organization’s principles effectively and also support documentation.

  • Describe Risk Management Policy
  • Implement Risk Management Policy
  • Process Guide
  • Explain Strategies
  • Risk Register
  • Issue Register
  • Risk Improvement Plan
  • Risk Reports
  • Risk Response Plan
  • Discuss Risk Communication Plan
  • MoR® Process

Understand MoR® Process

  • Identification of risk
  • Assessment of risk
  • Planning of strategies
  • Implementing Process

MoR® Perspectives

The module explains how processes and principles are implemented and vary according to a different perspective.

  • Project
  • Program
  • Strategic
  • Operational

Embedding and Reviewing MoR®

The module explains the reasons responsible for implementation of risk management in the organization and their regular monitoring and improvements.

  • Transforming culture for risk management
  • Embedding the principles
  • Identifying and establishing opportunities for change
  • Eliminating typical process barriers
  • Describe Risk management maturity model
  • Implementing the risk management maturity model
  • Carrying out Health check
  • Measuring the value of risk management

MoR® Foundation

Introduction

  • Risk Details
  • Risk Management be applied
  • Purpose of the MoR® Escort
  • Global Best Practice Guidance
  • Identify when and where should Risk
  • Role of Risk in Core Control and Corporate Governance

MoR® Practitioner

Introduction

  • MoR® Principles
  • MoR® Approach
  • MoR® Methodology, Procedures and associated techniques
  • Implant and Review
  • Understand Risk perspectives
  • Risk Management Specialisms
  • Health check and Maturity models
  • MoR® framework, tools and techniques
  • Risk process lifecycle
  • Set an organisational structure for the management of risk
  • Business steadiness management
  • Security, program or project risk management
  • Overview of risk management in Corporate Governance

MoR® Foundation & Practitioner Enquiry

 

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Reach us at 0121 368 7851 or info@msptraining.com for more information.

ABOUT Kingston upon Hull

Kingston upon Hull is referred as a port city in the East Yorkshire, England with a population of around 260,200 according to mid-2016 est. It is commonly known as Hull, lies upon the northern bank where river Hull meets the Humber estuary. It is the unitary authority in the east Yorkshire located 154 miles north of London and 25 miles inland from the North Sea. The early settlement of the town can be found back to the 12th century. The port of the town was first used by the monks of the Meaux Abbey for exporting the wool. They selected their ideal place for building the quay at the concurrence of the rivers Hull and Humber. Since there is no clear evidence regarding the exact year of the foundation of the town, but it was first referred in 1193. During the 12th century, the town remained as a market town, trading hub and industrial metropolis.

The town is also known for having municipally owned telephone system since 1902. The Member of Parliament of the town contributed towards the abolition of the slave trade in the country. The town also served the theatre of battle in English civil wars took place between the Royalists and Parliamentarians. The town was severally affected by the Second World War and experienced the phase of post-industrial decline, brought socio-economic problems, unemployment and social deprivation. The town has undergone new housing, commercial and administration projects post the Great recession period in the early 21st century.

History

The early history of the town traced its roots back to the Neolithic period. The access to the flourishing hinterland and navigable rivers attracted the people of the surrounding areas for settlement. The name of the town is suggested to be originated from dwelling place or Vik meaning inlet. The River Hull was the ideal channel for exporting the wool from Meaux Abbey. The royal charter was granted to the town in 1293 by King Edward I and renamed the settlement as Kingston upon Hull. The port was developed into the leading port of the England and also served as a base during the First War of Scottish Independence. The wealth of the city grew with the import of timber and wine along with the export of wool and woollen cloth.

During the middle ages, the trading links of the town were extended all over the world and became the centre of the coastal trading network and booming inland. The town flourished during the 16th and early 17th century and major developmental projects came into existence. The town became strategically important due to the presence of large arms and ammunition firms in the English Civil War. Whaling (Hunting of whales) played a significant role in the growth of the economy until the mid-19th century. The city status was granted to the town in 1897. With the decline of the hunting industry, the focus shifted to the deep sea trawling till the Cod Wars between the United Kingdom and Iceland.

Economy

The economy of the town was based on the seafaring and trading. Earlier, trade was initiated in the merchant’s houses such as Blaydes House and centred on the Hull River, later on, shifted to the Humber docks. In 1970, the fishing industry faced the recession, and the city remained only the busiest port managing 13 million tons of cargo per year. The city is home to the several chemical and healthcare industries including Smith and Nephew and Reckitt Benckiser. After the recession in fishing and heavy industries, the wealth of the town is primarily based on travel and tourism, education, entertainment and retail sector.

Landmarks

The famous places to visit in the city are Streetlife Museum of Transport, The Humber Bridge, Hull Marina, East Park, Ferens Art Gallery, Wilberforce House Museum, Hull Maritime Museum, Hull and East Riding Museum, Hull History Centre and much more exciting places.

Risk Management

All businesses, la...