All About Management of Risk (M_o_R®) Framework

Management of Risk or M_o_R 4 (aka MoR 4) is the latest edition of Management of Risk – a must-have certification for roles where managing risk is inherent, including portfolio, programme, project, business change and risk management professionals. Management of Risk 4 has a specific relevance for individuals working in product focussed environments / roles, offering a compelling integrated solution for the unique challenges faced by modern, digital-first organizations.

MoR 4 has been developed for candidates and practitioners who are interested in understanding how risk links to opportunity and the delivery of benefits, and in communicating or cascading this to stakeholders.

Managing Successful Programmes
History of MSP

History of Management of Risk (M_o_R®)

  • Management of Risk (M_o_R®) was originally developed in 2002.
  • The main trigger for development of this framework was Turnbull Report on Corporate Governance that set out internal best practice for UK listed companies.
  • The prime purpose of M_o_R® was to assist organisations of all scales in assessing the risks associated with decision making.
  • Second edition of M_o_R was released in 2007 which become globally known.
  • Third edition of M_o_R was released in 2009 making the framework more relevant to the global risk management practices.
  • Current release is the 4th edition of the framework, publicly available since late 2022
  • Despite originating in the government sector, it is widely used in public and private sectors across the globe for successful risk management.

Risk and Risk Management

  • M_o_R defines a risk as:
    • Risk is an uncertain event or set of events that, should it occur, will have an effect on the achievement of objectives. Risk is a neutral concept; risks can either be threats (downside risks) or opportunities (upside risks).
  • M_o_R identifies risk management as:
    • Risk management is the coordinated direction and control of an organization, undertaken to protect and create value in the face of risk.
Risk and Risk Management | Tecknologia
Management of Risk 4 Handbook

The Management or Risk 4 Handbook

  • The Management of Risk Study Guide
    • Defines full content of M_o_R
    • Is definitive source for all M_o_R exams
    • Supports training and exams
    • Can be used in Practitioner exam (open book exam)
  • Structure of the handbook:
    • 14 Chapters
    • 2 Appendices
MoR Principles

8 M_o_R PRINCIPLES for Effective Risk Management

  1. Aligns with objectives
  2. Fits the context
  3. Engages stakeholders
  4. Provides clear guidance
  5. Informs decision-making
  6. Facilitates continual improvement
  7. Creates a supportive culture
  8. Achieves measurable value

The first seven principles are enablers. The final principle is the result of implementing risk management well.

The M_o_R Perspectives

In order to allow the effective escalation, delegation and/or aggregation of risks and to identify and manage common themes within any organization it is very important to ensure that there is an integrated risk management approach across M_o_R perspectives.

Most organizations will not operate across all six perspectives, but all will have strategic and operational objectives, and most will have some objectives related to changing the organization or to the product development and management.

MoR Perspectives

The People Considerations

Individuals (in groups) interpret data in situations and make judgements (educated guesses) under uncertainty.

Given that people make the judgements and take the actions, risk management can never be successful if people considerations are ignored.

People considerations in risk management are addressed by M_o_R principles of engaging stakeholders and creating a supportive culture.

M_o_R People Considerations
M_o_R Processes

The M_o_R Processes

A structured set of activities that define the sequence of actions and their inputs and outputs to achieve a specific objective.

  1. Define the context and objectives
  2. Identify threats and opportunities
  3. Pruiritize Risks
  4. Assess combined risk profile
  5. Plan responses
  6. Agree contingency
  7. Monitor and report progress
  8. Review and adapt

Are you ready to become a certified Management of Risk professional? Click here to explore relevant certification training and achieve the next level in risk management profession.

Why MoR?

Why Management of Risk (M_o_R)?

  1. MoR Addresses common programme challenges:
    1. M_o_R directly supports the risk management and risk-based assurance elements of corporate governance by providing a principal-led risk management process that can be tailored for application at, across, and between multiple organizational perspective.
    2. This process specifically enables the aggregation and escalation of risks to the strategic level to gain the attention and support of the responsible officers of the organization.
    3. Risk-taking is important to create and protect value: the very essence of organizational survival and growth.
    4. And awareness of risk enables organizations to create a relative advantage, particularly in VUCA context, enabling resilience in the face of emerging change and disruption.
    5. Depending on the objectives at risk, effective risk management is likely to produce benefits that apply equally across private, public and charitable sectors.
Management of Risk Training and Certification

MoR Training and Certification

Management of Risk (M_o_R) certification trainings are provided by PeopleCert's Accredited Training Organizations (ATOs) across the globe. Tecknologia is also a PeopleCert Accredited Training Organization (ATO) offering Management of Risk (M_o_R) certification trainings across the globe and in various formats.

Certification Level Course Duration (Virtual Classroom) Course Duration (Classroom) Certificate Valid for
MoR Practitioner 3 Days 3 Days 3 Years

M_o_R 4 does not have a foundation level training and certification.

Click on the links for certification levels to explore the pre-requisites, exams and other details.

In comparison: PMI-RMP® (Risk Management Professional)

  • PMI-RMP is more focused on project risk management (while M_o_R is not strictly connected to project management, it addresses 6 perspectives).
  • PMI-RMP was last updated in 2002
  • There are strict prerequisites for candidates, including:
    • Secondary degree (high school diploma, associate’s degree or the global equivalent) OR 4 years degree.
    • 36 months OR 24 months of project risk management experience within last 5 years.
    • 40 hours OR 30 of project risk management education.

Frequently Asked Questions (FAQ) About Management of Risk (M_o_R) 4

MoR stands for Management of Risk, M_o_R has been primarily designed to help organizations establish an effective framework for risk management which will enable them to make informed decisions about the risks that affect their strategic, portfolio, programme, project, product, and operational objectives.

Prices vary depending on the mode of delivery, location, deliverables and the quality of training delivery. Typically Management of Risk online training costs between £1400 and £2500.

MoR 4 Practitioner pass marks remain 33/60 (50%). Kindly note that there is no foundation level for M_o_R 4.

Management of Risk qualifications have helped tens of thousands of professionals globally enhance their skills and achieve their professional ambitions. Professionals holding MoR accreditation stand a better chance of being invited for an interview and definitely stand a better chance being offered a role afterwards.

M_o_R can be a very valuable addition to the list of professional qualifications and accreditations which can help achieve professional growth within organisations, without a need to switch jobs/ employers.

Management of Risk (M_o_R) has been, in the past, and is very much relevant today. MoR has been evolving ever since its inception and in late 2002, PeopleCert released Management of Risk 4th edition (aka M_o_R 4) in 2022 which addresses the needs and demands of risk management profession today and for coming years.

Management of Risk (M_o_R) is definitely a good choice for beginners who aim at pursuing a career in risk management and related disciplines. Having MoR qualifications early in the career can play the role of a catalyst when it comes to climbing the professional ladder.

While MoR practitioner exam is hard, it is not rocket science and anyone with correct level of attention, training and devotion can definitely achieve success in the exam.

MoR practitioner pass rate (across the market) remains around 80% globally, in first attempt. Tecknologia takes pride in maintaining 100% pass rate so far (May 2024).

It is absolutely possible to achieve M_o_R exam success while relying on self study. However, high standard MoR training can accelerate the process, along with exam success probability, for sure.

Management of Risk (M_o_R) Practitioner certification is considered to be professional qualifications only. These qualifications are widely recognised and sought after globally, however, they are not the same as a college or university degree. Some quarters believe that MoR Practitioner qualification is equivalent to UK NQF 5/6 - Tecknologia has no grounds to confirm this.

There is no negative marking in MoR exams. No marks are deducted for a wrong answer.

Management of Risk (MoR) Practitioner certifications has validity of 3 years from issuance date. Candidate must retake the exam within 3 years to maintain their certifications. Alternatively, candidates can log Continuous Professional Development points (CPDs) over three years, via paid PeopleCert membership, to maintain certifications.

Interested in Management of Risk (M_o_R) trainings?

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