Course: OGC Management of Risk Foundation - 4 days

This course will enable you to to establish methods and techniques to provide a controlled approach to identifying, analysing and managing risk on strategic, programme, project and operational levels.

The course is suitable for Project & Programme Managers, Risk Managers, Project Support and Assurance and it leads to the Foundation and Practitionere exams, which are taken during the course

 

OVERVIEW

Management of Risk (M_o_R®) is a guidance of risk which can be used across an organisation.  Within project and programme environments there will always be risks which need to be identified, analysed and managed.  Other areas of an organisation will also be exposed to risks as operational functions are carried out.  M_o_R provides guidance on how best to deal with this.

The Guide has been written by leading experts for the Office of Government Commerce - owners of the PRINCE2™ & MSP Methods.  This event is designed to prepare Delegates to manage risks in a controlled and structured way by examining the M_o_R® Guide.  Examinations (controlled and marked by the APM Group) are available during the event for delegates who wish to achieve Foundation level.

THIS COURSE IS DESIGNED FOR

Any organisation or individual seeing the need for guidance on a controlled approach to identifying, analysing and managing risk on strategic, programme, project and operational levels. The course is suitable for Project & Programme Managers, Risk Managers, Project Support and Assurance.  Managers from other disciplines, particularly those responsible for establishing standards an integration with MSP and PRINCE2™ will also benefit.

DOCUMENTATION

The following course material is included:-

• Management of Risk (M_o_R ® ) Guidance
• Management of Risk.  The M_o_R® Guidance published by The Stationery Office giving the official guidance for the method.
• Pre-Event Study Guide & Computer-Based Training CD-ROM

The CD-ROM includes:

Pre-event Handout (PDF)
VisaMoR - example Foundation style questions
Practitioner example exam
APM Group Telekom BV Case Study (PDF)
MSP Event Handout

This event preparation material is dispatched to delegates 4 weeks prior to the start of the course.  It is recommended that delegates commit up to 10 hours preparing for the MSP event.

CONTENTS

This course is accredited by APM Group against the Foundation level syllabus and includes the following topics.

Overview of Corporate Governance and Management of Risk

Introducing basic concepts and terms, the history, regulatory and legislative background of corporate governance and management of risk, how it works, where and when it is important and how different levels, perspectives, roles and responsibilities can be considered to form a coherent approach.

The Management of Risk Process Lifecycle

Examining how risks and issues are initiated and how they can be managed from start to finish. How and where the management of risk framework can be applied, the iterative nature of the risk management of risk life cycle and how risk responses are formulated at the highest level.

Making it Work and Getting it Right

Looking at tips, tricks and traps in corporate governance and management of risk. Examining critical success factors including ways of ensuring appropriate communication mechanisms are adopted and that risk responses are appropriate and successful.

Frameworks, Tools and Techniques

It is important to select and implement a corporate governance or management of risk framework that works within the organisation and is consistent with its culture. This area provides an overview of the different ways that a framework can be implemented as well as providing a good foundation for understanding the tools, process and techniques that are used in risk management.

Budgets, Finance and Management of Risk

Examining the financial aspects of management of risk, how it should be budgeted, how it fits with financial risk and cost benefit analysis and how it is accounted.

Communicating and Training for Risk, Risk Awareness and Management of Risk

Internal and external communication of risk and benefits is an important aspect of corporate governance and management of risk. This section includes: how a corporate governance communication strategy could be set up, modified or run; how to get buy-in and ownership of risk; what it means to be a risk owner; how to develop staff awareness.

Management, Measurement, Control and Reporting

When correctly applied, corporate governance and management of risk are useful decision support and audit trailing tools. This section covers: the best way to use such tools, as well as how to manage and monitor progress; ways to use the tools to encourage innovation; facilitate auditing; and reporting.

Support Function for the Management of Risk Within a Programme and/or Project

An overview of the extent and level at which corporate governance and management of risk should be applied throughout a programme, project or project office process.  Also management of risk for resourcing, tendering and the procurement process; service level agreements and value chains.

Support Services & Commercial Partnerships

Support from OGC - ongoing development. Association for Project Management Group involvement; Examination & Registration; Accreditation, logo, International initiatives.

BENEFITS

Following the course, Delegates will be able to establish methods and techniques in accordance to the M_o_R Guide.  Existing Methods such as PRINCE2™ and MSP will also be able to integrate with M_o_R Management.

APPROACH

The course will be a mixture of input and practical sessions, delivered by an APM Group approved trainer with practical experience of managing risk and projects.  Practical sessions will be on an individual and team basis focusing on the examination on the final day.

EXAMINATIONS

This course includes 45 minute Foundation Examination