MoR® Management of Risk

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.  

PPM Enablers

EVM™

ITIL®

P3O®

M_O_R®

MSP®

PRINCE2®

AGILE® PMP®

PPM Methods

BAU processes

Projects

Portfolio

Context

MoV®

Programmes

MoP®

P3M3®

PPM Evaluators

PRINCE2 PMP Agile PM

Project Management

Processes

Roles

Templates

Target Audience

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.  

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.

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.

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

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

Identify

Assess

Plan

Implement

Communicate

M_o_R approachRiskregister

M_o_R approach

Risk management

policy

M_o_R Approach

Issue

register

M_o_R approach

risk managementstrategy

MoR® Framework

Reproduced under licence from Axelos

0.9 0.360.180.090.045Very High71-90%

Impact

Very LowUp to 10%

Low11-30%

Medium31-50%

High51-70%

Very Low

0.005

0.015

0.025

0.035

0.01

0.03

0.05

0.07

0.02

0.06

0.01

0.14

0.04

0.12

0.20

0.28

0.08

0.24

0.40

0.56

0.72

0.7

0.5

0.3

0.1

0.05

Low

0.1

Medium

0.2

High

0.4

Very High

0.8

Pro

bab

ility

Probability Impact Grid

Reproduced under licence from Axelos

Strategic / corporate perspective

Programme perspective

Project perspective

Operational perspective

Perspectives and Specialisations

FRMSRM

H & S

BCM I & CM

RRM

ERM

CRM

BCM - Business Continuity ManagementI & CM – Incident & Crisis ManagementH & S – Health & Safety ManagementSRM – Security Risk ManagementFRM – Financial Risk ManagementERM – Environmental Risk ManagementRRM – Reputational Risk ManagementCRM – Contract Risk Management

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.