Management of Risk (M_o_R™) Practitioner

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M_o_R defines risk as “an uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives. A risk consists of a combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact on objectives.”

Within this definition, ‘threat’ describes an uncertain event that could have a negative impact; and ‘opportunity’ describes an uncertain event that could have a favourable impact.

M_o_R employs a best practice approach to managing opportunities and risks, providing a structured framework for risk management, to assist organisations to achieve their objectives by first identifying potential risks and considering appropriate responses to the threats and opportunities that are created by uncertainty.

At Glass Rock Solutions, we devise and deliver training solutions to corporate, government agencies, public sectors, multinational organisations and private individuals. We offer both in-house and online training.

The key features of Management of Risk training include:

• A standard reference for risk management
• A framework of best practice principles and concepts drawn from latest experiences and proven practice in risk management
• A certification exam to demonstrate knowledge and understanding of the content and application of M_o_R
• Compatibility with ISO 31000
• These elements can be summed up by the statement that the “adoption of well managed risk-taking is likely to lead to sustainable improvements in service delivery.”

Key topics

• Basic Concepts
• The Management of Risk Principles
• Management of Risk Perspectives
• Roles and Responsibilities
• Health-Check and Maturity Model
• The Management of Risk Approach
• The Management of Risk Process and Techniques
• Management of Risk

Exam

The assessment is a three hour, open book, objective testing multiple choice exam held on the morning of day two. A 50% pass is required to attain certification. It’s expected that participants will spend time outside of course hours to review material and prepare for the exam.

Skills Gained

• To provide participants with knowledge and understanding of a structured approach to the assessment and management of risks at an organisational, portfolio, program or project level.
• Apply the principles of M_o_R within a work environment and to consistently undertake reviews in order to ensure that the organisation is aware of, and adequately prepared for, risks and opportunities.