MoR® Management of Risk - Finland

MoR® 4 Practitioner Risk Management Certification Outline

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

Unit 1: Understand the Purpose & Principles of Risk Management

Module 1: Describe Risk, Risk Management and Why Risk Management it is Used, Including the Difference and Relationship Between Risks and Issues

• What is Risk and Risk Management?
• Why Use Risk Management?

Module 2: Describe How Risk Management Supports Corporate Governance and Enterprise Risk Management, and Describe the Relationship Between them

• Corporate Governance and Enterprise Risk Management

Module 3: Explain the Different Risk Management Challenges that a Product Orientated Organisation Faces

• Challenges of Applying Risk Management

Module 4: Assess How Risk Management is Affected by Functional Orientated and Product Orientated Organisations

• Functional- and Product-Oriented Operating Models

Module 5: Describe the Purpose of Principles and Why they need to be Applied in Risk Management

• Overview of the M_o_R®4 Principles

Module 6: 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

Unit 2: Understand How Risk Management Applies within the 6 Perspectives

Module 1: Explain the Purpose of Risk Management in Each of the 6 Perspectives

• Purpose of Risk Management in the Strategic Perspective
• Purpose of Risk Management in the Portfolio Perspective
• Purpose of Risk Management in the Programme Perspective
• Purpose of Risk Management in the Project Perspective
• Purpose of Risk Management in the Product Perspective
• Purpose of Risk Management in the Operational Perspective

Module 2: Explain How and Why the Perspectives are Integrated

• Integrating Risk Management Across the M_o_R®4 Perspectives
• Overview of M_o_R®4 Perspectives
• Escalation and Delegation
• Aggregation

Module 3: Analyse the Calibration of Qualitative Scales Across Perspectives

• Calibration of Qualitative Scales

Module 4: Apply the ‘Strategic’ Perspective and its Related Practices and Controls, including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Strategic Perspective
• Related Practices and Controls in the Strategic Perspective

Module 5: Apply the ‘Portfolio’ Perspective and its Related Practices and Controls, including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Portfolio Perspective
• Related Practices and Controls in the Portfolio Perspective

Module 6: Apply the ‘Programme’ Perspective and its Related Practices and Controls, Including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Programme Perspective
• Related Practices and Controls in the Programme Perspective

Module 7(a): Apply the ‘Project’ Perspective and its Related Practices and Controls, Including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Project Perspective
• Related Practices and Controls in the Project Perspective

Module 7(b): Describe How Risk Management is Influenced by Different Modes of Delivery

• Linear/Sequential Project Delivery Mode
• Iterative/Agile Project Delivery Mode
• Hybrid Project Delivery Mode
• Continual Improvement

Module 8: Apply the ‘Product’ Perspective and its Related Practices and Controls, Including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Product Perspective
• Related Practices and Controls in the Product Perspective

Module 9: Apply the ‘Operational’ Perspective and its Related Practices and Controls, Including Integrating Risk Management Across Perspectives, and the Related Roles

• Typical Roles in the Operational Perspective
• Related Practices and Controls in the Operational Perspective

Unit 3: Understand How People and Culture Influence Effective Risk Management

Module 1: Describe Why and How People and/or Cultural Considerations Influence Risk Management

• Overview of People Considerations

Module 2(a): How Engaging Stakeholders Ensures Effective Risk Management

• Engaging Stakeholders

Module 2(b): How to Address Decision Biases

• Working with Decision Bias

Module 2(c): How Individual Competence Creates and Combats Bias in Risk-Based Decision-Making

•  Building Individual Competence

Module 3: Analyse How the Aspects of Risk Culture Influence Effective Risk Management

• Shaping a Supportive Risk Culture

Module 4: Assess How to Establish or Contribute to the Right Risk Culture

• Overcoming Common Challenges in Application

Unit 4: How to apply the 8 Processes of Risk Management

Module 1: Describe the Purpose and Objectives of Each Process

• Define Context and Objectives
• Identify Threats and Opportunities
• Prioritise Risks
• Assess Combined Risk Profile
• Plan Responses
• Agree Contingency
• Monitor and Report Progress
• Review and Adapt

Module 2: Apply the ‘Define the Context and Objectives’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

Module 3: Apply the ‘Identify Threats and Opportunities’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

Module 4: Apply the ‘Prioritise Risks’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

Module 5: Apply the ‘Assess Combined Risk Profile’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

Module 6: Apply the ‘Plan Responses’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

Module 7: Apply the ‘Agree Contingency’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
•  Focus of Key Roles for the Process

Module 8: Apply the ‘Monitor and Report Progress’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
•  Focus of Key Roles for the Process

Module 9: Apply the ‘Review and Adapt’ Process, Demonstrating an Understanding

• Activities
• Techniques
• Documents to Support the Process
• Focus of Key Roles for the Process

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