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MORF test Format | MORF Course Contents | MORF Course Outline | MORF test Syllabus | MORF test 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:

 test Board

 test 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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