“The context for most organizations is changing. New opportunities and threats are emerging at what appears to be an ever-increasing pace. Traditional thinking about value is being challenged as organizations in all sectors grapple with the competing, sometimes conflicting, objectives of making money, treating people well, and protecting the natural world. The days of people seeing risk only as downside have gone, and the interplay between value creation and value protection is at the heart of decision-making. All this calls for practitioners to up their game, and this version of Management of Risk: Creating and Protecting Value (M_o_R® 4) has been designed to help people to do just that.”
(From Preaface to: Management of Risk: Creating and Protecting Value (M_o_R® 4 – the handbook on which training M_o_R® 4 Practitioner is based).
Purpose of the training
- Gain practical risk management skills to drive success, create value and protect your organization, with ISO-aligned strategies applicable across industries and global standards.
- Learn the fundamentals of risk management, the challenges to effective practice, and how it supports corporate governance and enterprise risk management.
- Prepare participants to pass the M_o_R® 4 Practitioner certification exam.
Target group
- Risk Professionals
- Project Managers
- Programme Managers
- PMO Managers
- PMO Support
- Management Consultants
- Product Managers
- Operations Managers
- Change Professionals
- HR Professionals
Benefits
- acquire the ability to shape and influence risk management in an organization,
- acquire the skills and knowledge necessary to manage risk in order to achieve better service delivery and business objectives,
- learn about the guiding obligations that are continually required to create and protect value from risk management,
- understand how people and culture influence the effectiveness of risk management across the organization,
- assess risks through the lens of the 6 distinct M_o_R perspectives to enable decision makers to create and protect organizational value,
- learn ways to minimise the size and strength of risks threatening the organization,
- acquire the ability to practically adapt M_o_R principles to specific organizational contexts,
- learn how to identify and assess the most critical risks, helping decision-makers understand how individual risks collectively impact the likelihood of achieving organizational objectives,
- learn how to apply processes that provide timely and insightful updates on risks to decision-makers and enable stakeholders to evaluate the effectiveness of risk management strategies
- M_o_R® 4 Practitioner complements PRINCE2® 7, PRINCE2® Agile and MSP® certifications.
Exam and certification
- mandatory exam,
- scenario-based exam including multiple-choice single-response questions,
- number of questions: 65,
- pass threshold: 50% (33 out of 65 possible points),
- language of the exam: English,
- current list of available exam languages can be found on the Accreditor’s website: https://www.peoplecert.org/browse-certifications/change-risk-and-benefits-management/M_o_R-3/m_o_r-4-practitioner-3303,
- duration: 135 minutes (169 minutes for non-native speakers),
- mode: online (after online training) or in-person (after in-person training),
- date: post training, selected by participants at the Accreditor’s availability,
- open book – candidates are allowed to use „ Management of Risk: Creating and Protecting Value (M_o_R®4)”,
- validity of the exam voucher: up to 12 months – an expiry date is provided with the voucher,
- validity of the certificate: 3 years,
- the participant who scores the necessary number of points in the exam is awarded the international certificate in electronic form.
Note! According to the Accreditor’s guidelines, the training must be purchased together with the exam package, which includes the online exam and access to the e-book.
Before the voucher expires, the participant has the option to purchase a 6-month extension of its validity.
In the case of an unsuccessful exam attempt, the participant may purchase a retake (Take2 Re-sit Exam Option). This option allows you to retake the exam in an online format within 6 months of the original date, without paying the full cost of the exam.
The Take2 Re-sit Exam Option can be purchased from Inprogress only when placing an order for the first exam date or independently in your PeopleCert account, no later than 15 minutes before the start of the exam. Those who do not take the exam within the validity period of the voucher cannot use the retake option.
Training programme
- Introduction
- M_o_R® 4 Practitioner exam guidance
- M_o_R® 4 principles
- M_o_R® 4 perspectives: strategic, portfolio, programme, project, product, operational
- M_o_R® 4 approach to risk management
- M_o_R® 4 risk management process cycle
- Implementing M_o_R®4 across different operating models
