Management of Risk (MoR)
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Management of Risk (MoR) is an Axelos (formerly with APMG) qualification that will benefit managers and team members with specific responsibilities for corporate governance and the management of risk. It is also useful for senior executives considering the implementation of structured risk management within their organisations.
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Management of Risk (MoR)
- 2. What is MoR® (Management of Risk) • Is a guidance of risk which can be used across an organisation. • There will always be risks in project environments. MoR® can help identify, analyse and manage the risks involved. • Other areas of an organisation will also be exposed to risks as operational functions are carried out. MoR® provides guidance on how to best deal with this. • Written by leading experts for the Cabinet Office- owners of the PRINCE2 ® & MSP ® Methods. • Designed to prepare delegates to manage risks in a controlled and structured way by examining the MoR® guide.
- 3. BAU processes ITIL® PPM Enablers Processes PPM Methods MoP® PPM Evaluators Portfolio P3O® Programmes Roles MoV® MSP® Templates M_O_R® P3M3® Projects PRINCE2 PMP PRINCE2® Agile PM Project AGILE® Management ® PMP Context EVM™
- 4. Target Audience Any organisation or individual seeing the need for guidance on a controlled approach to identify, analysing and managing risk on strategic, programme, project and operational levels. Suitable for Project & Programme Managers, Risk Managers, Project Support and Assurance. Managers from other disciplines, particularly those responsible for establishing standards and integration with MSP® and PRINCE2® will also benefit.
- 5. Benefits to organisation • Increase in competitive advantage as initiatives are more likely to succeed. • Increased willingness to innovate because the chances of failure have been reduced. • Should see fewer risks and unwelcome occurrences. • Reduced management time spent tackling problems ‘fire fighting’. • Increase on internal focus doing the right things properly. • Increased likelihood of change initiatives being achieved. • More efficient use of company resources. • More informed foundation to decide strategic objectives.
- 6. Levels of Examination There are currently 2 qualification levels available for MoR® - ‘Foundation and Practitioner’. MoR® Foundation Exam • 60 minute Foundation Exam • 75 questions, minimum 35 correct to pass • Closed book MoR® Practitioner Exam • 3 hour Practitioner Exam. • 4 questions with 20 marks each, 40 marks to pass • Manual allowed
- 7. Course Contents • Overview of Corporate Governance and Management of Risk • The Management of Risk Process Lifecycle • Making it Work & Getting it Right • Frameworks, Tools and Techniques • Budgets, Finance and Management of Risk • Communicating and Training for Risk, Risk Awareness and Management of Risk • Management, Measurement, Control and Reporting • Support Function for the Management of Risk Within a Programme and/or Project • Support Services & Commercial Partnerships
- 8. MoR® Framework Implement Identify Communicate Plan Assess Reproduced under licence from Axelos
- 9. Probability Impact Grid 0.9 Very High 71-90% 0.045 0.09 0.18 0.36 0.72 0.7 High 51-70% 0.035 0.07 0.14 0.28 0.56 0.5 Medium 31-50% 0.025 0.05 0.01 0.20 0.40 0.3 Low 11-30% 0.015 0.03 0.06 0.12 0.24 0.1 Very Low Up to 10% 0.005 0.01 0.02 0.04 0.08 Very Low Low Medium High Very High 0.05 0.1 0.2 0.4 0.8 Impact Reproduced under licence from Axelos
- 10. Perspectives and Specialisations BCM - Business Continuity Management I & CM – Incident & Crisis Management H & S – Health & Safety Management SRM – Security Risk Management FRM – Financial Risk Management ERM – Environmental Risk Management RRM – Reputational Risk Management CRM – Contract Risk Management Strategic / corporate perspective Programme perspective Project perspective H&S Operational perspective BCM RRM CRM ERM SRM FRM I & CM
- 11. Market • • • • • • • Launched 2002 – Last updated 2010. Adopted Internationally. Approx. 2000 Foundation exams sat p.a. Approx. 1500 Practitioner exams sat p.a. Foundation pass rate approx. 95%. Practitioner pass rate approx. 90%. 2011 Q1- 20% increase on 2010.
Editor's Notes
- Understanding the Cloud:So let’s take a look at the big picture; at a high level what we see is a cloud of PPMmethodologies. What emerges is a PPM landscape comprising of enablers, core methods and evaluators, whose implementation is assisted by processes roles and templates. If we distribute the most popular emergent methods within the Best Practise environment we can draw the following map within this cloud of competing and complementary Best Practise approaches. A Best Practice approach:This integrated Best Practice model shows the core alignment between Portfolio, Programme and Projects which are enabled by some methods and evaluated by others. It is worth noting that the 10 methodologies shown within the model could be replaced by other similar methods E.g. P3M3 could be replaced by OPM3 or CMMI.
- The figure above illustrates the M_o_R® Framework.