Management of Risk MoR Certification

Management of Risk MoR certification is part of the Best Practice Guidance published by the Cabinet Office but now owned by AXELOS Limited.

Management of Risk MoR Certification takes account of risk from different perspectives in an organisation; that is, strategic, programmes, project and operational levels. It appreciates the different roles, responsibilities and terminologies used in other areas apart from those of project and programme management.

Risk is a function of probability of perceived threat or opportunity and the intensity of its impact on a stated objective. A threat is an uncertain event that could have a negative impact on stated objective while opportunity is an uncertain event that could result in positive impact on stated objective.

Management of Risk MoR Certification framework

Management of Risk MoR Certification offers a generic way of managing risk and it is based on a set of principles, an approach and processes. It is important that risk awareness is embedded in organisation so as to assess the impact on the organisation.

In order to effectively manage risk, the following concept must be present in the framework:

• MoR Principles: this is the foundation for good risk management practice and it is comes from corporate governance principles emphasising risk management as a major part of internal control.
• MoR Approach: being a generic approach to risk management, the principles must be tailored to suit each individual organization. An organisation’s approach to the principles should be defined and agreed within a risk management policy, process guide and strategies.
• MoR Processes: there are four main steps in making sure that risks are identified, assesses and controlled.
• Embedding and reviewing MoR: it is not enough to put in place principles, approach and process, it must be ensured that they are consistently applied and also improved continually.

Benefits of Management of Risk MoR Certification to Individuals

• With this course (Management of Risk MoR Certification) confidence and ability to influence and shape risk management across an organisation is gained
• This course encourages transparency and discusses real business issues in a reasonable manner to meet business objectives.
• This course helps to put in place a framework so that informed and better decisions are made.
• It helps to assess the risks an organisation is faced with and help to minimise their effect on the business.
• It helps make information readily available when they are needed.

Benefits of Management of Risk MoR Certification for Organisations

• This course (Management of Risk MoR Certification) improves competitive advantage by organisations becoming more risk conscious and managing potential risks.
• Performance is improved as waste and fraud are minimised
• With this course, more organisational objectives are achieved

It helps organisations identify, assess and control risks that they are faced with in an effective manner.

This qualification (Management of Risk MoR Certification) has been designed to offer two levels of certification which are; the Foundation level and Practitioner. Certify-Cheap is an accredited training organisation approved to conduct the Management of Risk MoR Certification training and examination.

The aim of the Management of Risk MoR Certification foundation level is to ensure that a candidate has enough understanding of how to identify, assess and control risks across organisational perspective.

Target Audience

This certification course is suitable for the following group of people:

• Business Change Managers
• Programme and Project Managers
• Risk Managers
• Business and Programme and Project Support staff and managers
• Operational staff and managers
• Staff and Managers from other disciplines

Exam Format

• Multiple-choice questions
• 75 question out of which; 5 which are for trial purposes are not marked
• A minimum of 35 marks out of the 70 that are marked (50%) is required to pass
• The total timed allowed is 60 minutes (one hour)
• It is a closed book exam

The aim of Management of Risk MoR Certification Practitioner level is to test that candidates have the required knowledge to apply MoR to a scenario. In order to qualify to sit the MoR practitioner exam, a pass in the MoR Foundation exam is required.

Target audience

The Management of Risk MoR Certification Practitioner level is suitable for professionals who work in a corporate governance environment and risk reporting department of an organisation. However anyone who wants to know more about risk management can take this course.

Examination format

• Objective testing which contains four questions per paper with 20 marks available per question
• A minimum of 40 out of 80 available (50%) is required to pass
• The time allowed for the exam is 3 hours
• Candidates can use MoR official manual during exam (open book)

Every Management of Risk MoR Certification Practitioner level holder is required to undergo an additional re-registration examination within the period of three to five years of the original certificate. This additional qualification is to encourage professionals to engage in continuing professional development.

Please note that Management of Risk MoR Certification Foundation level holders are not required to undergo re-registration examination.

Examination format

• Objective testing
• Time allowed is 90 minutes
• Candidates are allowed to make use of their official manual during exam (open book)
• 2 question each equal to 20 marks
• A minimum of 20 out of 40 (50%) must be scored to pass

The MoR certificate is issued be the trade mark owner – AXELOS Limited

The MoR Foundation does not have any for requirement but the MoR Practitioner requires that the candidates to  have passed the Foundation before they can be eligible to sit the Practitioner exam.

The Management of Risk MoR Certification employs a generic approach. Although this must be tailored to suit each organisation

For the Foundation exam;

• Multiple-choice questions
• 75 question out of which 5 which are for trial purposes are not marked
• A minimum of 35 marks out of the 70 that are marked (50%) is required to pass
• The total timed allowed is 60 minutes (one hour)
• It is a closed book exam

For the Practitioner exam;

• Objective testing which contains four questions per paper with 20 marks available per question
• A minimum of 40 out of 80 available (50%) is required to pass
• The time allowed for the exam is 3 hours
• Candidates can use MoR official manual during exam (open book)

Within three to five years, Management of Risk MoR Certification Practitioner level holder is required to sit the re-registration exam for continuing professional development.

• Business Change Managers
• Programme and Project Managers
• Risk Managers
• Business and Programme and Project Support staff and managers
• Operational staff and managers
• Staff and Managers from other disciplines
• The Management of Risk MoR Certification Practitioner level is suitable for professionals who work in a corporate governance environment and risk reporting department of an organisation. However anyone who wants to know more about risk management can take this course.