Management of Risk (MoR®) Foundation V3 Course

Management of Risk (MoR®) Foundation V3 Course Outline

Module 1: Risk Introduction 

• M_o_R® Framework (Core Concepts) 

• What is Risk? 

• Risk Outcomes 

• Risk Description 

• Risk Example 

• M_o_R® Definitions 

• Issue Example 

• What is Risk Management? 

• Why is Risk Management important? 

• Effective M_o_R® 

• Common barriers to M_o_R® 

• How has Risk Management developed? 

• What is Internal Control? 

• Corporate Governance 

• Where and when should risk management be applied
   

Module 2: Risk Principles 

• What are Risk Principles? 

• What do the Principles support? 

• M_o_R® Principles 

• Aligns with objectives 

• Fits the Context 

• Engages stakeholders 

• Provides Clear Guidance 

• Informs Decision Making 

• Facilitates Continual Improvement 

• Creates a Supportive Culture 

• Achieves Measurable Value 
   

Module 3: Perspectives 

• Risk Perspectives 

• Perspectives – Introduction 

• Perspective Inter-Relationships 

• Perspectives – E.R.M 

• Integrating across perspectives 

• Perspective 

• Aligns with Objectives 

• Fits the Context 

• Engages Stakeholders 

• Provides Clear Guidance 

• Informs Decision Making 

• Facilitates Continual Improvement 

• Achieving Measurable Value 

• Summary 

• Roles and Responsibilities 
   

Module 4: Risk Approach 

• Relationship between documents 

• Risk Management Policy 

• Risk Management Process Guide 

• Risk Management Strategy 

• Risk Register 

• Issue Register 

• Risk Improvement Plan 

• Risk Response Plan 

• Risk Progress Report 

• Relationship between documents 

• Summary 
   

Module 5: Management of Risk Process 

• Common Process Barriers 

• Communicate 

• Communication throughout the process 

• Communication 

• Identify 

• M_o_R® Process 

• Identify the Context Goal 

• Context – Inputs 

• Context Techniques 

• Context Outputs 

• Stakeholder Analysis 

• Stakeholder Map 

• Risk Communications Plan 

• Risk Communications Matrix 

• P.E.S.T.L.E 

• Horizon Scanning 

• Probability Impact Grid 

• Identify 

• Identify the Risks Goal 

• Identify the Risks – Inputs 

• Identify the Risks – Tasks 

• Identify the Risks – Techniques 

• Identify the Risks – Outputs 

• Checklists & Prompt lists 

• Sample Risk Prompt List 

• Group techniques 

• Risk Description 

• Assess 

• M o R® Process 

• Assess – Estimate Goal 

• Assess – Estimate Inputs 

• Assess – Estimate Tasks 

• Assess – Estimate Outputs 

• Assess – Estimate Techniques 

• Assess: Estimate 

• Uncertainty As Probability 

• Probability 

• Expected Value 

• Proximity 

• Assess – Evaluate 

• M o R® Process 

• Assess – Evaluate Goal 

• Assess - Evaluate Inputs 

• Assess – Evaluate Tasks 

• Assess – Evaluate Outputs 

• Assess – Evaluate Techniques 

• Summary Risk Profile 

• Monitoring Risks 

• Risk Map 

• Summary Expected Value 

• Probability Trees 

• Sensitivity Analysis 

• Plan 

• Plan – Goals 

• Plan – Inputs 

• Plan – Tasks 

• Plan – Outputs 

• Types of risk 

• Plan – Techniques 

• Generic Risk Response Options 

• Decision Making 

• Ownership 

• Implement 

• Implement Goal 

• Implement – Inputs 

• Implement – Tasks 

• Implement – Techniques 

• Risk Exposure trends 

• Implement – Outputs 
   

Module 6: Embed and Review 

• Embedding and Reviewing M_o_R 

• What is Embedding 

• Embedding the Principles 

• Changing the Culture for risk management 

• Measuring the Value 

• Overcoming common barriers to success 

• Regular communication 

• The importance of management commitment 

• Useful methods for developing senior management commitment and support 

• Building And Developing Awareness 

• Opportunities For Change 

• Reviewing The Processes 

• Purpose of Health checks 

• Health checks Triggers 

• M o R® Health checks 

• Health check Framework 

• Maturity 

• Inputs to a Maturity Model 

• Maturity Model 

• Maturity Levels 
   

Module 7: Risk Specialisms 

• Business Continuity Management 

• BCM in a Risk Context 

• Understanding the Organisation 

• Incident and Crisis Management 

• Incident Management Plan 

• Incident Management 

• Crisis Management 

• Health And Safety 

• Security 

• Physical Security 

• Personnel Security 

• Information Security 

• Financial Risk Management 

• Environmental risk management 

• Reputation risk management 

• Contract risk management 

What You’ll Learn in this Course

This course takes you from understanding the core principles of risk management to applying structured approaches for identifying, assessing, and controlling risks effectively. Each module provides practical tools and insights to strengthen decision-making and organisational resilience. 
 

• Learn how risk management integrates with organisational strategy and governance 

• Learn to identify, evaluate, and prioritise risks across business activities 

• Learn to apply MoR® principles and frameworks to manage uncertainty effectively 

• Learn to balance risk-taking with opportunity to support better outcomes 

• Learn to communicate risk information clearly to stakeholders and decision-makers 

• Learn to build a proactive risk management culture that drives sustainable success