MoR® Management of Risk - Cuba

Management of Risk (MoR®) Foundation V3 Course Outline

Module 1: Risk Introduction

• M_o_R® Framework (Core Concepts)
• What is Risk?
• Risk Outcomes
• Risk Description
• Risk Example
• M_o_R® Definitions
• Issue Example
• What is Risk Management?
• Why is Risk Management important?
• Effective M_o_R®
• Common barriers to M_o_R®
• How has Risk Management developed?
• What is Internal Control?
• Corporate Governance
• Where and when should risk management be applied

Module 2: Risk Principles

• What are Risk Principles?
• What do the Principles support?
• M_o_R® 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 3: Perspectives

• Risk Perspectives
• Perspectives – Introduction
• Perspective Inter-Relationships
• Perspectives – E.R.M
• Integrating across perspectives
• Perspective
• Aligns with Objectives
• Fits the Context
• Engages Stakeholders
• Provides Clear Guidance
• Informs Decision Making
• Facilitates Continual Improvement
• Achieving Measurable Value
• Summary
• Roles and Responsibilities

Module 4: Risk Approach

• Relationship between documents
• Risk Management Policy
• Risk Management Process Guide
• Risk Management Strategy
• Risk Register
• Issue Register
• Risk Improvement Plan
• Risk Response Plan
• Risk Progress Report
• Relationship between documents
• Summary

Module 5: Management of Risk Process

• Common Process Barriers
• Communicate
• Communication throughout the process
• Communication
• Identify
• M_o_R® Process
• Identify the Context Goal
• Context – Inputs
• Context Techniques
• Context Outputs
• Stakeholder Analysis
• Stakeholder Map
• Risk Communications Plan
• Risk Communications Matrix
• P.E.S.T.L.E
• Horizon Scanning
• Probability Impact Grid
• Identify
• Identify the Risks Goal
• Identify the Risks – Inputs
• Identify the Risks – Tasks
• Identify the Risks – Techniques
• Identify the Risks – Outputs
• Checklists & Prompt lists
• Sample Risk Prompt List
• Group techniques
• Risk Description
• Assess
• M o R® Process
• Assess – Estimate Goal
• Assess – Estimate Inputs
• Assess – Estimate Tasks
• Assess – Estimate Outputs
• Assess – Estimate Techniques
• Assess: Estimate
• Uncertainty As Probability
• Probability
• Expected Value
• Proximity
• Assess – Evaluate
• M o R® Process
• Assess – Evaluate Goal
• Assess - Evaluate Inputs
• Assess – Evaluate Tasks
• Assess – Evaluate Outputs
• Assess – Evaluate Techniques
• Summary Risk Profile
• Monitoring Risks
• Risk Map
• Summary Expected Value
• Probability Trees
• Sensitivity Analysis
• Plan
• Plan – Goals
• Plan – Inputs
• Plan – Tasks
• Plan – Outputs
• Types of risk
• Plan – Techniques
• Generic Risk Response Options
• Decision Making
• Ownership
• Implement
• Implement Goal
• Implement – Inputs
• Implement – Tasks
• Implement – Techniques
• Risk Exposure trends
• Implement – Outputs

Module 6: Embed and Review

• Embedding and Reviewing M_o_R
• What is Embedding
• Embedding the Principles
• Changing the Culture for risk management
• Measuring the Value
• Overcoming common barriers to success
• Regular communication
• The importance of management commitment
• Useful methods for developing senior management commitment and support
• Building And Developing Awareness
• Opportunities For Change
• Reviewing The Processes
• Purpose of Health checks
• Health checks Triggers
• M o R® Health checks
• Health check Framework
• Maturity
• Inputs to a Maturity Model
• Maturity Model
• Maturity Levels

Module 7: Risk Specialisms

• Business Continuity Management
• BCM in a Risk Context
• Understanding the Organisation
• Incident and Crisis Management
• Incident Management Plan
• Incident Management
• Crisis Management
• Health And Safety
• Security
• Physical Security
• Personnel Security
• Information Security
• Financial Risk Management
• Environmental risk management
• Reputation risk management
• Contract risk management

Certified Risk Management Professional (CRMP) Course Outline

Module 1: Defining Risk

• What is Risk?
• Formula for Risk Calculation
• What is a Hazard?
• Risk Categories

Module 2: An Overview of Risk Management

• What is Risk Management?
• What is Risk Identification?
• What is Risk Attitude?
• What is Risk Mapping?
• What is a Risk Management Plan?
• Risk Map

Module 3: Why is Risk Management necessary?

• Overview
• Enhance Resilience
• Improving Decision-making
• Building Trust
• Creating Opportunities
• Meeting Stakeholder Expectations

Module 4: What makes Risk Management Worthwhile?

• Introduction
• Reasons Why Risk Management is Worthwhile
  • Protection of Assets
  • Cost Reduction
  • Improved Decision Making
  • Compliance
  • Competitive Advantage
  • Stakeholder Confidence

Module 5: Principles of Risk Management

• Risk Assessment
• Risk Mitigation
• Risk Communication
• Risk Monitoring
• Integration with Business Processes
• Continuous Improvement
• Risk Ownership
• Risk Culture

Module 6: Risk Management Culture

• Key Aspects of a Risk Management Culture
• Barriers to Risk Management
• What Steps can be Taken?
• What are the Benefits?
• Developing and Demonstrating Good Risk Culture
• Changing the Culture for Risk Management

Module 7: Risk Management Process

• Plan Risk Management Process
• Identify Risk Process
• Qualitative Risk Analysis Process
• Quantitative Risk Analysis Process
• Plan Risk Response Process    
• Monitor and Control Risk Process

Module 8: Assessments and Control of Risk Management

• Risk Health Checks
• Triggers for Health Checks
• Risk Health Check Structure
• Risk Maturity Models
• KPIs and EWIs – The Value of Risk Management
• Strategic KPIs and EWIs
• Programme KPIs and EWIs
• Project KPIs and EWIs
• Operational KPIs and EWIs

Module 9: Duties and Roles Adopted

• Senior Level
• Management Commitment
• Support Level Commitment

Module 10: Risk Management Tools

• Probability Scales
• Impact Scales
• Probability x Impact
• Risk Register
• Other Tools for Identification
  • Assumptions Analysis
  • Checklist Analysis
  • Interviewing
  • Brainstorming and Prompt Lists
  • Root Cause Analysis
  • Failure Mode and Effects Analysis
  • Fault Tree Analysis
• Contingent Response Plan
• Tools for Monitoring and Controlling Risk

Module 11: Making Changes

• Introduction to Decision Making
• Decision Making Process
  • Identifying the Problem
  • Identifying and Analysing Alternatives
  • Making the Decision and Implementing it
  • Review
• Tools and Techniques
  • Decision Tree
  • Analytic Hierarchy Process (AHP)
  • Influence Diagrams (ID)
• Generic Response Options
  • Avoiding the Threat
  • Reducing a Threat
  • Transfer the Threat
  • Accept the Risk
  • Prepare Contingency Plans

Module 12: Communicating

• Overview
• Risk Communications Matrix
• Risk Communication Procedures
  • Leadership Level
  • Senior Level
  • Management Level
  • Support Level

Module 13: Engaging with Stakeholders

• Overview
• Factors to Give Assurance to Stakeholders

Module 14: Economics of Risk Management

• Monte Carlo Analysis
• Cost-Benefit Analysis

Module 15: Application of Risk Management

• To an Organisation
  • Risk Identification
  • Risk Assessment
  • Risk Management Planning
  • Risk Monitoring and Review
• To a Specific Business Scenario
  • Risk Mitigation
  • Risk Monitoring and Review
  • Risk Assessment

Module 16: Overcoming Problems

• Use a Systematic Approach
• Foster a Risk-aware Culture
• Use Technology
• Regularly Review and Update Risk Management Processes
• Involve Key Stakeholders
• Monitor and Measure Risks

Module 17: Concluding CRMP

• Key Points