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 Stoke-on-Trent

Stoke on Trent is located in Staffordshire in the UK. It is also abbreviated as Stoke, and it is a unitary authority area. Area of Stoke on Trent is around 36 square miles. In 2011, this area had a population of 469,000. Stoke on Trent is known as polycentric which means it is formed by six towns federation in the year 1910.

Stoke on Trent got its name from Stoke-Upon-Trent where the majority of the railway station and government center is located. Other four towns are Longton, Fenton, Tunstail and Burstem. Major pottery industry of England is located in the Stoke on Trent. It is commonly known as the potteries. Earlier it was a center of the industrial conurbation, and now it is a center for distribution and service industries.

Education

Stoke on Trent has four major educational institutions located in the local area. This city has two higher education colleges namely Stoke-on-Trent college and City of Stoke-on-Trent Sixth Form college. Earlier the Sixth Form College was established in Fenton and now on the Leek Road. Sixth Form College provides best A-level teaching to near about 1800 students. This college is more abundant in the area and it offers adult education as well as apprenticeships. The main campus is located in Shelton and secondary in Burslem. Staffordshire University is situated in Stoke-On-Trent. The main campus in Shelton that is near the railway station of Stoke-on-Trent. It got its university status in 1992. Royal Stoke University Hospital is home to branches of Keele University School of Medicine. With the involvement of Stoke On Trent city council, in the year 1949 Keele University was founded as University College of North Staffordshire.

Stoke-On-Trent has around 15 secondary schools namely Haywood academy, Birches Head Academy, St Peter's Academy, St Thomas More Catholic Academy, St Joseph's College, Excel Academy, Discovery Academy etc.

In the year 2007 Stoke-on-Trent's high school system's restructure was proposed. During the year 2010 various secondary schools were closed or merged like Michell High and Edensor High was combined to form Discovery Academy, Berry Hill High and St Peter's CE High School was combined to build St Peter's Academy.

Economy

Stoke-On-Trent is a significant center for the ceramics industry. In 1980's and 1990's British Manufacturing sector was hit by decline. Various factories, collieries, potteries, and steelworks were closed. Due to this, the unemployment rate increased in the Stoke-On-Trent.

Wedgwood pottery firm and its subsidiary Royal Doulton are located in Barlaston. In Indonesian factory primary production takes place. In Stoke town, Portmeirion is located which owns the Royal Worcester and Spode brands. In Hanley, Emma Bridgewater ceramics firm is located. In Middlepoint, Burleigh Pottery is located. In Etruria, Wade Ceramics is located. In Burslem, Royal Stafford and Moorcroft are located. Left manufacturers of Bone China is Aynsley Chine in Longton. In Tunstail main factory of Churchill, China is located.

Around 9000 firms are located in the city. Some are founded by local businessman and chairman of Stoke City Peter Coates. John Caudwell started Phones4U Company which is a significant mobile phone retailer. In Stoke on Trent, Michelin tyre company complex is located that includes its training center, truck tyre re-treading facility, and commercial head office.

Large warehouses of Co-operative pharmacy is located in this city. Single largest major employer in a city is Stoke-On-Trent city council, and another one is Royal Stoke University Hospital which has over 7000 staff members.

According to the Competitive Alternatives 2004 report, Stoke-On-Trent is the best cost-effective place to set up new businesses. The major shopping center is Potteries shopping center located in Hanley. It has around 87 units which include brands like New Look, Monsoon, Gap, HMV, River Island, La Senza, Topshop, Marks, and Spencer etc. Quality Formations ranked Stoke-On-Trent second best city for starting any business due to various factors like offices, energy, public transport, property and financial access.

Risk Management

All businesses, la...