It also provides advice on how the principles, approach, and processes should be embedded, reviewed, and applied depending on the nature of the objectives at risk. An effective framework based on the following core concepts:
- M_o_R Principles – these are essential for the development of good risk management practice. They are all derived from corporate governance principles in the recognition that risk management is a subset of an organization’s internal controls.
- M_o_R Approach – the principles need to be adapted and adopted to suit each individual organization. Accordingly, a company’s approach to the principles needs to be agreed upon and defined within a risk management policy, process guide, and strategies and supported by the use of risk registers and issue logs.
- M_o_R Processes – there are four main process steps, which describe the inputs, outputs, and activities involved in ensuring that risks are identified, assessed, and controlled. Embedding and reviewing M_o_R – having put in place the principles, approach, and processes – an organization needs to ensure they are consistently applied and that their application undergoes continual improvement in order for them to be effective.
As part of the PassionIT Group course, you will receive the PassionIT Group M_o_R Practitioner digital course pack. The course pack contains all of the class material that you will use during the class including the following:
- Accredited PassionIT Group M_o_R Practitioner Course Book
- M_o_R: Guidance for Practitioners by Axelos
- M_o_R Practitioner Course Syllabus
- M_o_R Glossary
- Practice/mock exam with answer/rationale booklets
The M_o_R Foundation coursebook provides a complete and extensive guide in an easy-to-follow structure, which is ideal for learning, and developing an understanding of the basic concepts, principles, and terminology associated with risk management.
The M_o_R: Guidance for Practitioners Guide by Axelos brings together risk management principles, an approach, and a process with a set of interrelated steps. It supports decision-making and advises how these principles, approaches, and processes should be embedded, reviewed, and applied within different risk contexts.
