M_o_R ® 4th edition Risk Management

What is M_o_R 4?

M_o_R is an acronym of Management of Risk. It provides a generic framework for the management of risk across all activities of an organisation, focussed not only on the protection of value exposed to threats but also the creation of value arising from opportunities.

These course are based on the fourth edition of M_o_R, call M_o_R 4. M_o_R 4 is aligned with ISO31000, but provides additional detailed guidance on how to embed risk management in an organisation, and integrate the application of risk management across multiple organisational perspectives.

M_o_R 4 incorporates all the activities required to identify and control exposure to any type of risk, with either positive or negative impact on the achievement of your business objectives, in normal business operations as well as in portfolios, programmes and projects. Uniquely, M_o_R also provides guidance on risk management in both function- and product-oriented organisations.

The M_o_R 4 framework is based on four core elements:

an underlying set of principles that guide organisations as they design their internal controls;
an integrated set of risk perspectives, with guidance on the objectives at risk in each perspective, and associated roles, practices and controls;
consideration of the impact of people and culture on risk management, including working with foresight, understanding individual perceptions of risk and making judgements under uncertainty; and
a continuous, repeating cycle of processes to identify and assess risk, and plan, implement and monitor responses to these risks.

These elements need to be embedded into organisational DNA, and reviewed periodically, to ensure that the approach and processes are consistently applied across the organisation, and continually improved.

Our courses

We offer one M_o_R 4th edition course, with a range of delivery modes - in-house classroom, self study and eLearning:

What our courses cover

Our M_o_R 4 courses cover:

Purpose of risk management: Understanding the fundamentals and importance of risk management in organisations.
Core principles: Learning the eight principles that guide effective risk management.
Integrated framework: How the M_o_R 4 framework integrates risk management to create and protect value.
M_o_R 4 perspectives: Assessing risks through six distinct perspectives to support decision-making.
People and culture: Recognizing the impact of people and organizational culture on effective risk management.
Process lifecycle: Understanding the eight processes involved in effective risk management.
Identifying and assessing risks: Techniques for identifying and assessing critical risks.
Response and contingency planning: Developing plans to respond to risks and allocate contingencies.
Monitoring, reporting, and adapting: Applying processes to monitor risks and adapt strategies as needed.
Practical application: Tailoring and applying M_o_R 4 principles and processes to real-world scenarios.

Why you should take our courses

The purpose of our courses is to provide a robust foundation of knowledge for anyone involved in managing risk at strategic, programme, project or operational levels. Successful candidates will have the knowledge and understanding necessary to deliver successful programmes.

Benefits for individuals

Enhanced risk management skills: Gain comprehensive knowledge and skills to identify, assess, and manage risks effectively.
Improved decision-making: Learn to make informed and balanced decisions by understanding and considering risk impacts.
Career advancement: Enhance your professional credentials and stand out in the job market with a recognised risk management qualification.
Increased confidence: Build confidence in your ability to handle uncertain situations and mitigate potential risks.
Practical application: Apply the principles and processes learned in the course to real-world scenarios, improving your problem-solving abilities.
Organisational contribution: Contribute to your organisation's success by implementing effective risk management practices and creating a culture of risk awareness.

Benefits for organisations

Enhanced decision-making: Provides a structured approach to identify, assess, and manage risks, leading to more informed and confident decision-making.
Improved resilience: Equips the organisation to anticipate and respond to potential opportunities and threats, enhancing overall resilience and stability.
Alignment with objectives: Ensures that risk management is integrated with the organisation’s strategic goals and objectives, promoting a cohesive and aligned approach.
Regulatory compliance: Helps meet regulatory and legal requirements by establishing robust risk management practices that satisfy compliance standards.
Increased stakeholder confidence: Builds trust with stakeholders by demonstrating a commitment to effectively managing risks and safeguarding the organisation’s interests.
Improved operational efficiency: Streamlines risk management processes, reducing inefficiencies and enabling the organisation to allocate resources more effectively.

Why we are the best value

Our M_o_R 4th edition courses cover the breadth and depth of risk management. They are presented in a clear, predictable manner with key concepts reinforced and broken down into manageable sections, making them enjoyable courses.

We recognise that studying and sitting exams can be a stressful time on top of the day-to-day commitments of our lives. Therefore the structure and flow of the course provides predictability and confidence that the learner will be able to plan and manage their own learning experience and to grasp key concepts quickly. This results in being confident in your ability to pass the certification exams and to be able to apply what has been learnt to work practice.

And we are able to offer one-on-one tutor support to those taking our Self Study and eLearning courses, so you won't feel isolated, and can clear up any aspects of the course content or issues in using PRINCE2 in your organisation that may be causing concern.

Our courses are developed by Geoff Rankins, our Lead Trainer and Instructional Designer. He has worked in risk management for more than 40 years, and has been a Practitioner of M_o_R since 2014 when it was first released, and has been using M_o_R across many sectors ever since. His systematic approach to courseware and eLearning development is recognised by many Accredited Training Organisations and fellow trainers globally. Our Self Study and eLearning courses are based on our classroom courses; the eLearning format allows us to add content to most sessions that increases the value and clarity of what is being covered.

Our certification course ...

Unlike most of our other certification courses, M_o_R 4 certification is offered at Practitioner level only; there is no preliminary Foundation certification.

Practitioner

The Practitioner course ensures that you can integrate and apply M_o_R 4 concepts.