Learning Objectives

This module introduces this M_o_R e-learning course, including its structure, aims, objectives, and learning plan. Students are given a diagram pack, glossary, syllabus, and further reading and links document. The module also contains a list with links to download copies of essential M_o_R publications.

Finally, the module addresses some of the most common questions on the framework.

Learning Objectives

This module offers an overview of the M_o_R framework, along with the actions involved in implementing it. It goes on to list the benefits of risk management and list out the perspectives and risk specialisms of M_o_R, as well as how they are used in practice.

Learning Objectives

This module outlines the four M_o_R perspectives along with the roles and responsibilities associated with them. It then looks at the Central Risk Function and Enterprise Risk Management (ERM).

Learning Objectives

This module looks at the eight M_o_R Principles and their purposes and outcomes. It goes on to outline the tools and techniques used to identify context and engage with stakeholders.

Learning Objectives

This module looks at how to develop a suitable approach to risk management before taking students through each of the documents required to do so.

Learning Objectives

This module contains a memory game on each of the key terms related to the framework’s Principles, Perspectives, and Approach.

Learning Objectives

This module outlines the four process steps of M_o_R. It looks at the ‘Identify’ step in more detail, as well as several valuable associated tools and techniques.

Learning Objectives

This module continues looking at the four M_o_R process steps. The Assess, Plan, and Implement steps are explained in greater detail. Several tools and techniques linked to each process are also covered. The module finishes by describing the different options for risk response and contingency planning.

Learning Objectives

This module examines how to review and embed the framework via a risk management health check and maturity model. It also covers how value can be measured, as well as how to overcome several common barriers in risk management.

Learning Objectives

This module offers a memory game based on the framework’s process steps, as well as embedding and reviewing M_o_R.

Learning Objectives

This module wraps up the Foundation course and revisits the topics covered in previous modules.

Learning Objectives

This module features a short video covering how to prepare for the M_o_R Foundation certification exam. It also offers two practice exam papers created by AXELOS.

Learning Objectives

This module introduces the Practitioner course syllabus, as well as its learning plan, aims, objectives, structure, and main features.

Students are given the diagram pack, glossary, and further reading and links document they’ll be using throughout the course. They also receive several links to download copies of the framework’s publications.

The module finishes by answering several of the most common questions on M_o_R practitioners.

Learning Objectives

This module revisits the Perspectives, Approach, and Principles of the framework. It then moves on to measuring the value of M_o_R and risk management before addressing several supporting documents, such as the Issue Register.

Learning Objectives

This module revisits the M_o_R process. It also reminds candidates of how to embed and review M_o_R in a business. The module goes on to describe the techniques and tools included in the framework and how they are applied at different stages of the process.

Learning Objectives

This module introduces candidates to the course scenario. This is used to offer guidance on what kind of questions are included in the M_o_R Practitioner exam.

The module goes on to outline the rest of the course, including how the scenario will be revisited.

Learning Objectives

This module focuses on a scenario-based test situation. Students are asked to consider the application of the framework from different perspectives. It finishes with a 20-mark exam with questions addressing the scenario from the Strategic Perspective.

Learning Objectives

This module returns to the scenario, this time looking at it from the Program Perspective. After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Learning Objectives

This module returns to the scenario, this time looking at it from the Project Perspective. After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Learning Objectives

This module returns to the scenario, this time looking at it from the Operational Perspective. After covering how to realistically apply the framework from this viewpoint, it finishes with a 20-mark exam.

Learning Objectives

This module summarizes the key points covered earlier in the course. Students are advised to revisit each module as they prepare for the exam.

Learning Objectives

This module offers a short video describing how to prepare for the M_o_R Practitioner exam. It also helps students prepare by revisiting techniques covered earlier in the course.

The module also provides two M_o_R Practitioner practice exams, one created by AXELOS and the other by the Good e-Learning team.

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.

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.

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.

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

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.

Risk management has become a far more popular discipline in recent years. Businesses are finding that they need to evolve more rapidly in the 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.

M_o_R also has a significant pedigree, having come from AXELOS (the organization behind frameworks such as PRINCE2, ITIL 4, and Managing Successful Programmes (MSP)). It offers demonstrably effective tools and best practices for managing risks and opportunities and is generic enough to be applied to virtually any business or organization.

PeopleCert is the owner of and accrediting body for a number of best practice frameworks, including PRINCE2, PRINCE2 Agile, MSP, ITIL 4, and AgileSHIFT.

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.

The M_o_R Practitioner exam is 180 minutes (three hours) long and consists of four objective test questions, each of which is worth 20 marks. Candidates must score at least 40 marks (50%) in order to pass. The exam is open-book (candidates may use an official hard copy of the ‘Management of Risk: Guidance for Practitioners’ guide, along with the ‘ABC Guide Part A Example Technique’ document. The manual can be annotated, but candidates will not be allowed to bring in sticky notes or loose-leaf papers).

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.