Course Overview
The AXELOS Management of Risk (M_o_R) Foundation course is an integrated training program designed to provide participants with a comprehensive and structured understanding of risk management concepts and fundamentals within organizations. This course is based on the M_o_R framework accredited by AXELOS, an internationally recognized standard used across various government and private sectors.
The course focuses on building participants’ capabilities in identifying, analyzing, and developing effective risk management strategies. This contributes to improved decision-making and minimizes potential negative impacts on organizational objectives.
General Objective
The primary goal of this training program is to enable participants to acquire the essential skills and knowledge required to understand and apply the M_o_R methodology in diverse work environments. It enhances the ability of participants to integrate risk management into strategic planning and execution processes, ensuring that objectives are achieved efficiently and effectively.
Furthermore, the program aims to foster a positive organizational risk culture and raise awareness of risk management at all institutional levels.
Detailed Learning Objectives
- Identify the core concepts of risk management and the M_o_R framework components.
- Understand the fundamental principles and approaches used in enterprise risk management.
- Learn how to assess risks and determine Risk Appetite and Tolerance levels tailored to the organization’s nature.
- Gain the skills necessary to integrate risk management into daily and strategic operations.
- Develop an understanding of the stakeholder’s role in supporting and achieving successful risk management.
Course Curriculum
Day 1: Introduction to Management of Risk
- Defining risk and its various types.
- The importance of risk management in organizational environments.
- A high-level overview of the M_o_R framework.
- The relationship between risk management and organizational structure.
Day 2: M_o_R Principles
- Core principles of effective risk management.
- Understanding the components of the risk management model.
- Analyzing the link between risks and strategic objectives.
- The role of leadership in fostering a risk-aware culture.
Day 3: The Risk Management Process
- Stages of the comprehensive risk management process (Identify, Assess, Plan, Implement).
- How to identify and classify risks effectively.
- Tools for risk analysis and evaluation.
- Developing robust risk response strategies.
Day 4: Integrating Risk Management with Organizational Operations
- Linking risk management to the organization’s strategic plan.
- Integrating risk management with daily operational activities.
- The role of stakeholders in supporting the risk management process.
- Evaluating the effectiveness of the risk management system.
Day 5: Application and Management in Work Environments
- Case studies on the practical application of the M_o_R methodology.
- Understanding common challenges in implementing risk management.
- Developing risk communication skills.
- Reviewing global best practices in risk management.
Conclusion and Target Audience
The AXELOS M_o_R Foundation course is a fundamental step toward building the capacity of individuals and organizations to handle risks with professionalism and efficiency. It enhances organizational ability to make informed decisions and achieve sustainable strategic goals.
This course is particularly suitable for:
- Project Managers and Operations Managers.
- Strategic Planning and Risk Officers.
- Quality and Compliance team members.
- All professionals involved in planning and control within an organization.
Moreover, this course provides a strong foundation for those looking to specialize further in risk management and pursue advanced professional certifications in the future.
