Issued by the cabinet office of the United
Kingdom, MoR or Management of Risk is said to be the best practice guide for
assessing risk across various levels in an organization. Undergoing this
program enables the certificate holder to assess risk from various
perspectives.
Strategic risks, programme risks, project
risks and operational risks is what can be gainfully assessed through taking
this program. Not only that, but the student also learns the method of
approaching these risks and how to review and tackle these risks.
Candidates gain confidence with this
program and are able to skillfully shape the risk within the organization. The
business is approached in an open manner and in a realistic way, thereby
improving service delivery and achieving business goals. There’s an effective
framework that’s set-up by the risk assessor to that affect the various goals
of the company.
The organization with the help of a risk
assessor increases competitive advantage and risk awareness by effectively
managing potential problems that may arise and potential opportunities as well.
The organization gains in effective management of resources and fraud reduction
as well.
The Foundation qualification will confirm
that a candidate is able to demonstrate knowledge and understanding of the four
elements of M_o_R framework - Principles Approach, Processes, Embedding and
assessment - and how that support corporate governance. To test the knowledge
of the candidates, they are made to sit through a MoR
practice exam that effectively set for them to assess their acquired
and learned skills. The multiple choice test is actually set to prepare them
for the main examination.
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