Management of Risk

Gain an understanding of the impact of risk within an organisation and learn how to consider and manage risk when making business decisions.

*CTP will be delivering the new  Management of Risk v4 (M_O_R4) content and exam from 04 April 2022. * 
From May 2022 all Management of Risk Practitioner exams will be an online proctored exam. Attendees will be given a voucher to book an exam after the course. 





Next Scheduled Date: 11 Jul 2022

  • Location: CTP Aldershot Training Centre
  • Duration: 5 Days
  • Funding:
    ELCAS
  • Total Cost: £1,364.51
  • Total Cost Post-October 2022: £1,386.33
  • Book today!

Why take this course?

Prepare for a future commercial management role by understanding how organisations identify, assess and control risks, and learn how to implement a framework to assess risk when making any business decisions.

Understanding risk is an essential part of many management roles and this recognised qualification will help you gain the terminology around risk management and may give you the edge when applying for a future position.

Is this the right course for me?

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


This is an intensive course, and attendees will be required to complete approximately 5 hours of pre-course online reading, as well as up to 2 hours per night evening study during the course to consolidate learning and practice exam style questions.

Qualifications

Management of Risk Practitioner

Eligibility

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

Fees & Funding

  • Course Fee £872.51
  • Exam Fee £492.00
  • Total Cost £1,364.51

Course Content

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:

  • Understand the purpose & principles of risk management
  • Understand how risk management applies within and across the 6 perspectives
  • Understand how people and culture influence effective risk management
  • Understand how to apply the 8 processes of risk management to create and protect value

Outline

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_R4Principles

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.

  • Aligns with objectives
  • Fits the context
  • Engages stakeholders
  • Provides clear guidance
  • Informs decision making
  • Facilitates continual improvement
  • Creates a supportive culture
  • Achieves measurable value

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.

  1. Strategic
  2. Portfolio
  3. Programme
  4. Project
  5. Product
  6. Operational

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:

  1. Define context and objectives
  2. Identify threats and opportunities
  3. Prioritize risks
  4. Assess combined risk profile
  5. Plan responses
  6. Agree contingency
  7. Monitor and report progress
  8. Review and adapt

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)

The exam is not included within the 5 days of training. Attendees will be sent a voucher code in advance of the course, to book their online exam for a date and time to suit. The exam duration is 2 1/4 hours and candidates are allowed to use the 'Creating and Protecting Value' Guide for M_O_R4 during the exam.
65 multiple choice questions
50% pass mark ( 33/65) 
Throughout the M_o_R 4 Practitioner course, you will be exposed to numerous examples of examination questions. There will be  a number of exercises and 'question-and-answer' sessions to help consolidate the learning, ensuring that you are more than adequately prepared for the final examination.

Virtual Classroom Training - Attendees will receive comprehensive study materials  in advance of the course. 

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.


Career Opportunities

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

 

Management of Risk

Scheduled dates and locations

Here are the next available dates. To check availability or to book a place contact
Select location CTP - Online CTP Aldershot Training Centre RRC Cottesmore All
  • Date Location Availability
  • 11 Jul 2022 CTP Aldershot Training Centre
    Good Availability
  • 12 Sep 2022 CTP - Online
    Good Availability
  • 31 Oct 2022 RRC Cottesmore
    Good Availability
  • 12 Dec 2022 CTP Aldershot Training Centre
    Good Availability
  • 23 Jan 2023 CTP - Online
    Good Availability
  • 27 Feb 2023 CTP Aldershot Training Centre
    Good Availability
  • 17 Apr 2023 RRC Cottesmore
    Good Availability
  • 22 May 2023 CTP Aldershot Training Centre
    Good Availability
  • 10 Jul 2023 CTP Aldershot Training Centre
    Good Availability
  • 11 Sep 2023 CTP - Online
    Good Availability
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