MoR® 4 Practitioner Risk Management Certification - Canada

MoR® 4 Practitioner Risk Management Certification Outline

This four-day MoR practitioner course will teach the following:

Module One: Understand the purpose & principles of risk management.

• Describe risk, risk management and why risk management it is used, including the difference and relationship between risks and issues.
• Describe how risk management supports corporate governance and enterprise risk management and describe the relationship between them.
• Explain the different risk management challenges that a product orientated organization faces.
• Assess how risk management is affected by functional orientated and product orientated organizations.
• Describe the purpose of principles and why they need to be applied in risk management.
  • Apply and analyse the principles:
    • Aligns with objectives.
    • Fits the context.
    • Engages stakeholders.
    • Provides clear guidance.
    • Informs decision-making.
    • Facilitates continual improvement.
    • Creates a supportive culture.
    • Achieves measurable value.

Module two: Understand how risk management applies within and across the 5 perspectives.

• Explain the purpose of risk management in each of the 6 Perspectives.
• Explain how and why the perspectives are integrated.
• Analyse the calibration of qualitative scales across perspectives.
• Apply the ‘strategic’ perspective (including enterprise agility) and its related practices and controls, including integrating risk management across perspectives, and the related roles.
• Apply the ‘portfolio’ perspective (including portfolio balancing techniques) and its related practices and controls, including integrating risk management across perspectives, and the related roles.
• Apply the ‘programme’ perspective (including incremental progression) and its related practices and controls, including integrating risk management across perspectives, and the related roles.
• Apply the ‘project’ perspective and its related practices and controls, including integrating risk management across perspectives, and the related roles.
• Describe how risk management is influenced by different modes of delivery (e.g. linear/sequential, iterative/Agile, hybrid, and continual improvement of operations).
• Apply the ‘product’ perspective and its related practices and controls, including integrating risk management across perspectives, and the related roles.
• Apply the ‘operational’ perspective and its related practices and controls, including integrating risk management across perspectives, and the related roles.

Module three: Understand how people and culture influence effective risk management.

• Describe why and how people and/or cultural considerations influence risk management.
• How engaging stakeholders ensures effective risk management.
• How to address decision biases.
• How individual competence creates and combats bias in risk-based decision-making.
• Analyse how the aspects of risk culture influence effective risk.
• Assess how to establish or contribute to the right risk culture.
• Analyse solutions used to address shared challenges.

Module four: Understand how to apply the 8 processes of risk management to create and protect value.

• Describe the purpose and objectives of each process:
• Apply the ‘define the context and objectives’ process, demonstrating an understanding of:
• Apply the ‘identify threats and opportunities’ process, demonstrating an understanding of:
• Apply the ‘prioritise risks’ process, demonstrating an understanding of:
• Apply the ‘assess combined risk profile’ process, demonstrating an understanding of:
• Apply the ‘plan responses’ process, demonstrating an understanding of:
• Apply the ‘agree contingency’ process, demonstrating an understanding of:
• Apply the ‘monitor and report progress’ process, demonstrating an understanding of:
• Apply the ‘review and adapt’ process, demonstrating an understanding of: