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M_o_R Foundation Risk Management Certification exam Dumps

MORF exam Format | Course Contents | Course Outline | exam Syllabus | 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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Exin
MORF
Management of Risk Foundation
https://killexams.com/pass4sure/exam-detail/MORF
Answer: B
QUESTION: 131
What provides a comparison of completed risk response actions with planned outcomes?
A. Risk management strategy
B. Risk improvement plan
C. Risk progress report
D. Risk response plan
Answer: C
QUESTION: 132
Which is a purpose of 'embedding and reviewing' M_o_R?
A. Maximizing the return on investment in risk management
B. Assuring the appointment of risk owners
C. Ensuring the availability of appropriate techniques used in the risk management process
steps
D. Reporting on the risk response plan'
Answer: A
QUESTION: 133
Which is NOT a purpose of 'embedding and reviewing M_o_R'?
A. Assessing the implementation of risk management
B. Improving the risk culture of an organization
C. Reviewing risk descriptions as a result of changes to the context
D. Identifies the opportunities for updating existing risk management practices.
Answer: C
QUESTION: 134
Identify the missing words in the following sentence. In order to safeguard value-creating
39
] is used to build an effective response to threats.
activities, [ ?
A. corporate governance
B. business continuity management
C. programme management
D. project management
Answer: B
QUESTION: 135
Which describes 'residual' risk exposure?
A. Probability of a secondary risk occurring
B. Effect on objectives if a risk occurs after implementing risk response actions
C. Chance of a risk occurring before risk response actions commence
D. Proximity of a risk before risk response actions are completed
Answer: B
QUESTION: 136
Which information from the risk register is used during the 'assess - evaluate' step to
calculate the total risk exposure of an activity?
A. Identified risks resulting from a risk response action
B. Estimated likelihood of the risks occurring
C. Exposure of the risks after completion of risk responses
D. The timeframe in which the risks are likely to occur
Answer: B
QUESTION: 137
Which is a responsibility of a 'risk actionee'?
A. Identify risks that might occur to activities in their department
B. Develop strategies to Strengthen the management of risk
C. Manage all aspects of an assigned risk
40
D. Perform a risk response action to respond to a particular risk
Answer: D
QUESTION: 138
Which is a purpose for an �M_o_R health check�?
A. Review how well risk management practices have been embedded
B. Examine future developments that may affect an organization's level of exposure to risk
C. Provide a snapshot of the current status of identified risks
D. Identify individuals or groups of individuals that have an interest in an organizations
planned activity
Answer: A
QUESTION: 139
Which describes the threat response option 'accept the risk'?
A. Perform an action to minimize the impact of the risk should it occur
B. Carry out an action to make the uncertain situation certain
C. Take no action except monitor the risk to ensure it remains tolerable
D. Partake in a pain/gain contract with another party for the specified risk
Answer: C
QUESTION: 140
Which is identified by the use of the 'PESTLE' analysis technique?
A. Stakeholders involved in an activity
B. Roles and responsibilities of those involved in an activity
C. Factors that may impact the activity
D. Net effect of risks identified during an activity
Answer: C
41
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MORF Management learning

MORF Management learning :: Article Creator

what's an LMS (getting to know management gadget)?

With online discovering a mainstay of education across all ranges, it makes feel that companies would incorporate this know-how into their working towards and professional increase methods. really, many companies are integrating cloud-primarily based learning administration utility to create, administer and distribute selected lessons to train new personnel and tune current employees’ growth and efficiency.

We’ll dive deeper into studying management programs and clarify how businesses can use LMS elements to include this advantageous employee practicing tactic into their corporations.

what is a researching administration gadget (LMS)?

A researching management equipment is an impressive practising and skilled building utility useful resource that businesses of all sizes can incorporate into their employee onboarding procedure. Many LMS systems are hosted in the cloud, enabling for remote access.

An LMS combines database management within a digital framework to manage curricula, working towards materials, evaluation equipment, course scheduling, regulatory compliance and extra.

LMS software can aid you control getting to know, building and practicing whereas permitting you to set clear expectations for personnel about their development.

companies that inspire expert construction among their personnel see decreased employee turnover and extended pride and engagement.

Who merits from an LMS?

Many elements of a firm advantage when the enterprise comprises a gaining knowledge of management equipment into its practicing and professional growth training courses.

employees: personnel benefit from an LMS because they receive smartly-thought-out, uniform practicing and training that set them up for achievement within the enterprise. They also gain in-demand career abilities to assist them map their career route. With e-discovering materials managed and kept in a single interface, employees can access required practising on demand. and because an LMS is always stored in the cloud, personnel can coach remotely.

Managers: Managers benefit from an LMS since the classes assist them seamlessly track and video display employees’ progress. The LMS can generate stories to reveal each person’s progress with required lessons and practicing substances. With scoring reviews, managers can see who performed neatly on assessments and who wants additional aid. LMS substances also aid make certain compliance with any practicing regulations. moreover, branch heads can make certain personnel finished particular practicing classes earlier than beginning a new job.

corporation: The entire company benefits from developing a practicing application it truly is effective, uniform and big-scale. gaining knowledge of management methods are bendy and scalable, so groups can add and dispose of courses and materials as obligatory. they could update content to hold personnel abreast of the existing trade traits and take away substances that are no longer valuable. moreover, the organization can supply certain customer practicing so its personnel are well versed in how a product or service operates. This practicing enhances income and consumer carrier efforts and in the end boosts consumer satisfaction.

What are the accessories of an LMS?

gaining knowledge of administration techniques are totally customizable and scalable, so there’s no selected record of add-ons that outline an LMS. youngsters there are commonplace aspects, a gaining knowledge of administration device’s full capabilities range by organization and meant utilization.

In regularly occurring, an LMS can do here:

Create class rosters, handle registration and build waiting lists

add and manage curriculum content

deliver direction content over an internet-primarily based interface for an entirely far off academic experience for instructors and students

Create and post course calendars

Foster interactions between students by the use of features such as quick messaging, e mail and boards

set up strategies for evaluation and checking out, reminiscent of assorted-option quizzes

within the company training atmosphere, discovering management methods offer these extra points that cater to busy, professionally pushed people:

automated enrollment and reminders for obligatory lessons

supervisor entry for approving substances and participation

HR integration for tracking employment eligibility, efficiency dreams and direction completions

if your business doesn’t provide an LMS for expert construction, consider on-line courses to boost business competencies, including Coursera and OpenLearn.

What are the benefits of an LMS?

A getting to know administration device adds an additional degree of effectivity to an organization and the growth of its personnel. An LMS comfortably creates a web studying atmosphere where personnel can opt for classes that hobby them or that they're required to take, and bosses can song competencies workplace improvements in accordance with course background.

here are some ways an LMS can advantage a company:

Helps personnel learn extra conveniently. learning actions are housed in one area, thereby decreasing costs whereas increasing the visibility and availability of learning alternatives.

Improves compliance reporting. discovering management techniques can song personnel’ classes and ratings so management can center of attention on working towards and determine certification needs.

Combines social and formal researching for higher average cost. the combination of an online method of study speeds up gaining knowledge of, increases expertise retention and allows for personnel to go at their personal pace.

Empowers administration. management will comprehend what employees are learning and which issues want better focal point to create a greater smartly-rounded crew.

Streamlines content delivery. Instructors can greater with ease prepare and present high-quality lessons which will supply members with fine getting to know alternatives.

What LMS utility is accessible?

There are a lot of gaining knowledge of administration techniques with access to huge practising libraries or supplies to enable groups to create their own content.

listed here are some normal LMS structures:

360Learning

Blackboard study

Desire2Learn (D2L)

Moodle

Sakai LMS

Docebo

Bridge

each platform offers a complete interface for managing and developing curricula, tracking employees’ growth and managing route historical past.

Tip: To get remarks in your company’s LMS, Strengthen and conduct worker surveys to gauge how employees consider concerning the practising application’s ease of use and contours.

How tons does an LMS charge?

LMS pricing varies by issuer, and vendors can always present diverse pricing fashions to businesses. as an instance, the LMS provider might also set a per-use cost, a month-to-month cost for a collection number of users, or a can charge for the typical course.

How do you select LMS utility?

in the event you’re deciding on LMS software, accept as true with the following factors:

business needs: How will your business use the learning platform? as an example, do you need a cloud system to accommodate far off employees?

elements: Does your organization should handle compliance considerations? Are you managing delicate data? if so, the LMS application may still have effective safety aspects.

funds: research carriers to see which of them can accommodate your finances while addressing the critical facets you want.

An LMS is a vital piece of group of workers management infrastructure

An LMS will also be a flexible and within your budget option to get your group of workers as much as pace, retain their expertise sharp, and display screen whether employees comprehensive their researching obligations in a thorough and timely method. LMS content is variable and customizable, and costs are flexible, making an LMS a sensible investment for a lot of organizations.

Ross Mudrick contributed to the reporting and writing listed here.

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