M_o_R Risk Management E-learning

M_o_R Risk Management E-learning

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Description

In organizations and business situations, almost every decision involves some degree of risk. Aimed at everyone who has ever made an important business decision, M_o_R is a robust yet flexible framework that allows accurate risk assessment.

M_o_R considers risk from different perspectives within an organization: strategic, programme, project and operational. While it links to other AXELOS Global Best Practice, it respects the roles, responsibilities and terminologies used outside the disciplines of programme and project management.
Effective risk management can bring far-reaching benefits to all organizations, whether large or small, public or private sector, as well as individuals managing projects or programmes.

Effective risk management is likely to improve performance against objectives by contributing to:

  • Fewer sudden shocks and unwelcome surprises
  • More efficient use of resources
  • Reduced waste
  • Reduced fraud
  • Better service delivery
  • Reduction in management time spent fire-fighting
  • Better management of contingent and maintenance activities
  • Lower cost of capital
  • Improved innovation
  • Increased likelihood of change initiatives being achieved
  • More focus internally on doing the right things properly
  • More focus externally to shape effective strategies.

M_o_R® is a route map for risk management, bringing together principles, an approach, a set of interrelated processes, and pointers to more detailed sources of advice on risk management techniques and specialisms.

It also provides advice on how these principles, approach and processes should be embedded, reviewed and applied differently depending on the nature of the objectives at risk. An effective framework based on four core concepts:

  • M_o_R Principles – these are essential for the development of good risk management practice. They are all derived from corporate governance principles in the recognition that risk management is a subset of an organization’s internal controls.
  • M_o_R Approach – the principles need to be adapted and adopted to suit each individual organization. Accordingly, a company’s approach to the principles needs to be agreed and defined within a risk management policy, process guide and strategies, and supported by the use of risk registers and issue logs.
  • M_o_R Processes – there are four main process steps, which describe the inputs, outputs and activities involved in ensuring that risks are identified, assessed and controlled. Embedding and reviewing M_o_R – having put in place the principles, approach and processes, an organization needs to ensure they are consistently applied and that their application undergoes continual improvement in order for them to be effective.

M_o_R has been adopted by hundreds of organizations worldwide. Equally applicable to large and small organizations in the public and private sectors, clients include:

  • British Telecom
  • GlaxoSmithKline
  • Ministry of Defence
  • BP.

Course Content

Section 1 INTRODUCTION
Lecture 1 Introduction 
Lecture 2 History of Risk
Lecture 3 Risk & Risk Management
Lecture 4 Risk Management & Organization
Lecture 5 Perspectives of Risk
Lecture 6 Risk Management Responses
Lecture 7 Risk Management Processes
Lecture 8 Risk Specialism
Lecture 9 M_o_R Framework
Lecture 10 Scenario Video
Section Quiz
Section 2 PRINCIPLES
Lecture 11 M_o_R Principles 1
Lecture 12 M_o_R Principles 2
Section Quiz
Section 3 APPROACH
Lecture 13 Introduction to Approach
Lecture 14 Risk Management Policy
Lecture 15 Risk Management Process Guide
Lecture 16 Risk Management Strategy
Lecture 17 Risk Register
Lecture 18 Issue Register
Lecture 19 Risk Improvement Plan
Lecture 20 Risk Communications Plan
Lecture 21 Risk Response Plan
Lecture 22 Risk Progress Report
Lecture 23 Relationship Between Documents
Section Quiz
Section 4 PROCESS 1
Lecture 24 Introduction to Processes
Lecture 25 The Processes
Lecture 26 Common Process Barrier
Lecture 27 Communication Throughout the Process
Lecture 28 Identify – Context 1
Lecture 29 Identify – Context 2
Lecture 30 Identify – Identify the Risk 1
Lecture 31 Identify – Identify the Risk 2
Lecture 32 Assess – Estimate 1
Lecture 33 Assess – Estimate 2
Section Quiz
Section 5 PROCESS 2
Lecture 34 Assess – Evaluate
Lecture 35 Plan 1
Lecture 36 Plan 2
Lecture 37 Implement
Section Quiz
Section 6 EMBEDDING & REVIEWING
Lecture 38 Introduction to Embedding & Reviewing
Lecture 39 Embedding Principles
Lecture 40 Risk Maturity Model & Health Checks 1
Lecture 41 Risk Maturity Model & Health Checks 2
Section Quiz
Section 7 CHANGING THE CULTURE, IDENTIFY AND ESTABLISH.
Lecture 42 Changing the Culture for Risk Mgt
Lecture 43 Measuring the Value
Lecture 44 Overcoming the Barriers to Success 1
Lecture 45 Overcoming the Barriers to Success 2
Lecture 46 Identify & Establish Opport. for change
Section Quiz
Section 8 PERSPECTIVES 1
Lecture 47 Introduction to Perspectives
Lecture 48 Strategic Perspectives 1
Lecture 49 Strategic Perspectives 2
Lecture 50 Strategic Perspectives 3
Lecture 51 Strategic Perspectives 4
Lecture 52 Strategic Perspectives 5
Section Quiz
Section 9 PERSPECTIVE 2
Lecture 53 Programme Perspective 1
Lecture 54 Programme Perspective 2
Section 10 PERSPECTIVE 3
Lecture 55 Project Perspective 1
Lecture 56 Project Perspective 2
Section Quiz
Section 11 PERSPECTIVE 4
Lecture 57 Operational Perspective
Lecture 58 Achieving Measurable Value
Lecture 59 Integrating Risk Management Across Perspectives
Section Quiz
Final Quiz

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