Risk is present in everything we do. This sounds scary, but in fact, risk is good! Risk is what makes life worth living. If we always knew exactly what was going to happen, life would be very boring.

Risk management gets a bad name mainly due to over-the-top risk responses, particularly to health and safety risks. We are all familiar with ridiculous examples such as the bag of nuts that contains a warning ‘may contain traces of nuts’!

It should be stated very clearly that risk management does not seek to eliminate all risks, but rather seeks to understand the risks we face, and behave appropriately.

Effective risk management should improve our ability to achieve our objectives, and should do so in a cost-effective way. Rather than hiding the risks we face, if we can demonstrate that we manage risks effectively, this should improve stakeholder confidence.

The M_o_R® guide is one of a series of best practice guides sponsored by AXELOS Limited. It provides a generic framework for the management of risk across all parts of an organization, whether at strategic, programme, project or operational level, and takes account of the fact that risks may be positive (opportunity) as well as negative (threat).

The guidance starts with set of principles, which are the essential elements that must be addressed for risk management to be effective. This is followed by guidance on how to create your organization’s unique approach to addressing the principles, the processes you will need, techniques which will help with these processes, and advice on the effective embedding of risk management at every level in your organization.

M_o_R® training is provided at foundation and practitioner level. The foundation qualification demonstrates that the candidate is conversant with the various elements of risk management, and could act as an informed member of any risk management team. The practitioner qualification extends this skill to a level where the qualified candidate would be able to operate on his/her own initiative to apply and tailor M_o_R® appropriately in a reasonably simple situation, and with growing experience should be able to apply the principles to increasing complex situations.

About 10 hours of pre-course work will be set, and this is important to ensure that candidates have a reasonable overview of the course. The working day for the course is 8 hours, with up to 2 hours homework per night.

The foundation part of the course is over 3 days. The exam is taken in the afternoon of the 3rd day. No reference material is allowed. The exam lasts 1 hour and the pass mark is 50%.

The practitioner part of the course is over 1½ days. The exam is taken in the morning of the 5th day. A pass at foundation level is a pre-requisite for this exam. The M_o_R Guide can be used. The exam lasts 3 hours and the pass mark is 50%