M_o_R®

The M_o_R risk management process complements the ones described in the ISO 31000 which comprises of five key activities.

Communication and consultation
Establishing context
Risk assessment
Risk treatment and
Monitoring and review

ISO 31000 also describes eleven explicit principles to guide risk management practice(s) in the organizations.

Risk management creates and protects value
Risk management is an integral part of organizational processes
Risk management is part of decision making
Risk management explicitly addresses uncertainty
Risk management is systematic, structured and timely
Risk management is based on the best available information
Risk management is tailored
Risk management takes human and cultural factors into account
Risk management is transparent and inclusive
Risk management is dynamic, iterative and responsive to change
Risk management facilitates continual improvement and enhancement of the Organization

The five attributes of enhanced risk management listed in ISO 31000 are:

Continual improvement
Full accountability for risks
Application of risk management in all decision making
Continual communications
Full integration in the organization’s governance structure

M_o_R® brings all these together along with its unique Approach, Techniques, Health Check, Maturity Model, Specialism and Perspectives to apply the framework and therefore adherence to the best practices defined in the 31000 standard. Owned by AXELOS, M_o_R® is designed to integrate well with other relevant standards and popular methodologies such as PRINCE2®, PMBoK®, MSP®, MoP®, PgMP®, PfMP®, ITIL®, P3O®, MoV®, COBIT® etc.

Course deliverables and M_o_R implementation tools -

Official accredited student e-course material - Foundation & Practitioner
Foundation e-training manual (prepared by IMTCS)
Practitioner e-training manual (prepared by IMTCS)
Foundation material Hard Copy
Practitioner material Hard Copy
Process mapping summary (prepared by IMTCS)
M_o_R management products summary (prepared by IMTCS)
Principles summary (prepared by IMTCS)
Risk Approach summary (prepared by IMTCS)
R&R summary (prepared by IMTCS)
Quick Brush - Foundation and Practitioner (prepared by IMTCS)
Mind maps - (.mm files) (prepared by IMTCS)
Summary Audio and Video files (prepared by IMTCS)
Introduction to the fundamentals of Risk Management (prepared by IMTCS - we call it the Alphabets of Risk Management - based on ISO 31000) before embarking on M_o_R specific training
Complete Syllabus delivery 'Click here' for the full official syllabus
Comprehensive introduction to the complete AXELOS BMP portfolio of which M_o_R is an integral part of
Introduction to the maturity models - Project, Programme and Portfolio delivery perspectives.
Brief Introduction to P3M3 and P3O
M_o_R Templates (prepared by IMTCS)
2 official sample Foundation papers
2 official sample Practitioner papers
e-Participation Certificate (1 for Foundation and 1 for Practitioner)
Sample M_o_R case study walk through
M_o_R official Foundation Exam
M_o_R official Practitioner Exam
Brief Introduction on differences between & also how M_o_R and RMBoK (RMP) can be used together
Assignments shall be given between Foundation and Practitioner trainings so as to be better prepared for the tougher Practitioner training and exam

Please note - The Official M_o_R Guide (AXELOS Limited) will be used for the purpose of Foundation and Practitioner training. However please note that this book is for the practitioner exam only. It is not one of the deliverables to the delegates. If the delegates are interested in buying the official manual, IMTCS can help them with procuring the same at best possible price.

More about M_o_R - Click here

Purpose of the Foundation Qualification

The purpose of the Foundation qualification is to confirm that a candidate has sufficient knowledge and understanding to contribute to the identification, assessment and control of risks across any organizational perspective. Their understanding will include the four elements of the M_o_R framework and how these support corporate governance. The Foundation qualification is also a pre-requisite for the Practitioner qualification.

Target Audience

M_o_R Foundation is suitable for any organization or individual seeing the need for guidance on a controlled approach to identification, assessment and control risk at strategic, programme, project and operational perspectives. The Foundation qualification is aimed at:

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, particularly those responsible for establishing standards and/or integrating them with MoP portfolio management, MSP programme management and PRINCE2 project management.

Examination Format

Multiple choice examination questions
75 questions per paper
Five questions are ‘trial questions’ and not counted in scores
35 marks required to pass (out of 70 available) - 50%
60 minutes’ duration
Closed book.

Purpose of the Practitioner Qualification

The purpose of the Practitioner qualification is to confirm whether the candidate has achieved sufficient understanding of how to apply and tailor M_o_R in a scenario situation. A successful Practitioner candidate should, with suitable direction, be able to start applying an M_o_R approach to any organizational perspective but may not be sufficiently skilled to do this appropriately for all situations. Their individual risk management expertise, complexity of the organizational context and the support provided for the use of M_o_R in their work environment will all be factors that impact what the Practitioner can achieve.

Target Audience

This qualification is aimed at anyone working within a corporate governance environment that has responsibilities for identifying, assessing, planning, or managing risks, or reporting on risk management activities across the organization.

Examination Format

Objective testing
Four questions per paper, 20 marks available per question
40 marks required to pass (out of 80 available) - 50%
Three hours’ duration
Candidates may make use of the Management of Risk: Guidance for Practitioners (the Management of Risk 'guide'), published by TSO, together with the ABC Guide Part A Example Techniques guidance document. No material other than the Question Booklet, the Scenario Booklet, the Answer Booklet and the two guides is to be used.

Re-registration Exam (Every 5 years)

If you are an M_o_R Practitioner, you are required to sit an additional re-registration examination within three to five years of your original qualification in order to retain the accreditation. Taking the re-registration examination also enables you to demonstrate their commitment to Continuing Professional Development and that your knowledge of M_o_R remains current. If you have only passed the Foundation examination, you are not required to re-register.

Examination Format

Objective-testing format
90 minutes duration
Open book - candidates may make use of the Management of Risk: Guidance for Practitioners (the Management of Risk guide) published by TSO, together with the AXELOS guidance document ABC Consulting Ltd. Sample Risk Documents and Worked Examples of some of the Common Techniques. No other material other than the Question Booklet, the Scenario Booklet and the Answer Booklet can be used
Contains 2 questions (each worth 20 marks)
A total score of 20 out of 40 (50%) is required to pass