Latest 2024 Updated M_o_R Foundation Risk Management Certification Questions and Answers

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MORF exam Format | MORF Course Contents | MORF Course Outline | MORF exam Syllabus | MORF exam Objectives

EXAM CODE: MORF
EXAM NAME: M_o_R Foundation Risk Management Certification

The M_o_R Guide is intended to help organizations put in place an effective framework for risk
management. This will help them make informed decisions about the risks that affect their strategic,
programme, project and operational objectives.
The guide provides a route map for risk management, bringing together basic concepts, an approach, a
process with a set of interrelated process steps, and pointers to more detailed sources of advice on risk
management techniques and specialisms. It also provides advice on how the principles, approach and
processes should be embedded, reviewed and applied differently depending on the nature of the
objectives at risk.
The primary purpose of the syllabus is to provide a basis for accreditation of people involved with
M_o_R. It documents the learning outcomes related to the use of M_o_R and describes the
requirements a candidate is expected to meet to demonstrate that these learning outcomes have been
achieved at each qualification level.
The target audience for this document is:
 exam Board
 exam Panel
 AXELOS Assessment Team
 Accredited Training Organizations.
This syllabus informs the design of the exams and provides accredited training organizations with a
more detailed breakdown of what the exams will assess. Details on the exam

- Risk 1.2, Glossary
- Issue Glossary
- Threat 1.2, Glossary
- Opportunity 1.2, Glossary
- 02 Corporate governance terms used in the M_o_R framework: 
- Risk exposure 1.2, Glossary
- Risk management 1.3, Glossary
- Corporate governance 1.6, Glossary
- Long-term
- Medium-term
- Short-term
- The seven principles that enable risk management 2.2 – 2.8
- The principle that results from implementing risk
- Aligns with objectives
- Fits the context
- Engages stakeholders
- Provides clear guidance
- Informs decision-making
- Facilitates continual improvement
- Creates a supportive culture
- Achieves measurable value.
- Aligns with objectives
- Fits the context
- Engages stakeholders
- Provides clear guidance
- Informs decision-making
- Facilitates continual improvement
- Creates a supportive culture
- Achieves measurable value
- Aligns with objectives.
- Fits the context
- Engages stakeholders
- Provides clear guidance
- Informs decision-making
- Facilitates continual improvement
- Creates a supportive culture
- Achieves measurable value
- KPIs
- EWIs
- Tolerance threshold
- Stakeholder analysis
- Approach documents
- Health check
- Maturity model
- Lessons learned
- 2.2 – 2.9
- Risk management policy
- Risk management process guide
- Risk management strategy
- 3.1
- Risk management policy
- Risk management process guide
- Risk management strategy
- Risk Register
- Issue Register
- Risk improvement plan
- Risk communications plan
- Risk response plan
- Risk progress report
- Scales for estimating probability and impact
- Risk categories
- Risk appetite for the activity
- Risk tolerance thresholds for the activity
- Reporting lines, owners of contingent plans, duties of the risk
- Risk description
- Risk category
- Probability
- Impact
- Proximity
- Risk status
- Risk response actions
- Appendix A.4.1
- Risk management policy
- Risk management process guide
- Risk management strategy
- Risk register
- Issue register
- Risk improvement plan
- Risk communications plan
- Risk response plan
- Risk progress report
- Probability (inherent and residual) 4.6 – 4.9,
- Impact (inherent and residual) Glossary
- Proximity
- The steps in the M_o_R process 
- The primary steps in the M_o_R process 4.1, 4.4 – 4.9
- The sub-steps in the Identify and Assess steps 4.1, 4.4 – 4.7
- The sequence of the steps 4.1, 4.4 – 4.9
- Strategic
- Programme
- Project
- Operational
- Strategic
- Programme
- Project
- Operational
- Strategic
- Programme
- Project
- Operational
- Strategic
- Programme
- Project
- Operational
- The risk management responsibilities of the senior team
- Writes and owns the risk management policy
- Defines the overall risk appetite
- Reviews the risk management strategy
- Cause
- Event
- Effect
- Risk response planning technique:
- Avoid a threat
- Exploit an opportunity
- Reduce a threat
- Enhance an opportunity
- Transfer the risk
- Share the risk
- Accept the risk
- Prepare contingent plans
- Expected value
- Monte Carlo simulation
- Sensitivity analysis
- Probability tree
- Decision Tree
- Cost benefit analysis
- Summary Risk Profile
- Exposure Trends
- Business continuity management
- Incident and crisis management
- Health and safety management
- Security risk management
- Financial risk management
- Environmental risk management
- Reputational risk management
- Contract risk management

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