Pass MORF Certification Exam Fast
MORF Exam Has Been Retired
This exam has been replaced by Exin with new exam.
Exin MORF Exam Details
The EXIN MORF exam serves as a confirmation of oneâ€™s adequate knowledge in addition to understanding to be used in identifying, assessing, and controlling risks. This knowledge can be applied across any perspective of an organization. Oneâ€™s awareness should also include the M_o_R architecture and the elements associated with it as well as how these elements reinforce corporate governance. These are principles, approach, reviewing, and processes as well as embedding. A pass in the actual test is followed by the achievement of the M_o_R Foundation certification.
Those to undergo the MORF test include individuals who want to learn about a controlled method for identifying, assessing, and controlling the risk from the perspectives like strategic, project, programme, and operational. Specifically, those specialists targeted by the MORF evaluation are such as risk managers, operational staff & managers, programme & project managers, staff as well as managers from other spheres, business change managers, and business & programme as well as project support staff & managers.
How Final Exam is Formatted
Going through the MORF exam means you are answering 75 questions, with 5 of them being trial items as they will not be counted in the final scores. Then, the official test is 1 hour long and the expectation is that you get 50% and more of the 70 questions as the passing rate.
Syllabus Areas for MORF Exam
Overall, there are eight areas to be captured by anyone intending to proceed with the MORF exam. Each of these is divided into specific domains that provide further details. Here is what to cover:
- Introduction as well as glossary;
- Embedding in addition to review;
- Common techniques;
- Risk specialisms.
The first area in the syllabus for the MORF test includes seeking awareness for terms, facts, and concepts that relate to M_o_R. Therefore, one should be able to remember how to define terms for risk management used with the framework such as risk, issue, threat, and opportunity. Others are terms for corporate governance including risk exposure, risk management, and corporate governance. Also, one ought to understand facts, terms, as well as concepts associated with the approach, perspectives, as well as actions for M_o_R required for effective execution of risk management. The other aspect tested here concerns knowing how the framework is utilized in the identification of each element. The variation in decisions about risk regarding whether the objectives of the organization are long-term, medium-term, or short-term, and the support extended by risk management in making better decisions are included within such an objective as well.
The second part on principles that relate to the MORF test captures understanding the facts, concepts, in addition to terms relating to principles for M_o_R. This includes the principles and how they are informed by tools for corporate governance as well as ISO31000:2009. Others are definitions of terms discussing how far the organization is willing to undertake risk. These terms are risk capacity, risk appetite, and risk tolerance. Other things elaborated in this exam portion are defining terms that reinforce decision making such as KPI, EWI (Early Warning Indicator), the eight principles of M_o_R, the purpose and usage of each principle, and the result of satisfying each, among other scopes.
For the third area, one explores the terms, facts, as well as concepts that relate to the approach for M_o_R, which includes three documents making up the paper for the central approach. Also to explore here is the contents within the nine approach documents for M_o_R, their relationship with the principles as well as their application throughout the entire M_o_R framework. This specifically deals with each documentâ€™s purpose, concepts that support the contents related to the policy, process guide, the strategy for risk management, and more.
When it comes to the fourth part, the MORF test covers the process for M_o_R including its facts, concepts, and terms. This includes looking at risk management as a process that is iterative & the definitions of probability, impact, and proximity. Other things to see include common terminology like goals, inputs, outputs, techniques, and tasks. Candidates also consider the usage of the M_o_R process in identifying, assessing, and controlling risk.
The fifth area captured by the MORF exam syllabus looks at concepts, terms, and facts related to risk management embedding as well as a review into an organizationâ€™s culture. Another feature of the topic is about comprehending the need to integrate the management of risk into a companyâ€™s culture.
Matters attached to the sixth section in the actual MORF exam are such as terms, concepts, and facts associated with M_o_R perspectives. Also, there should be an understanding of how to use these perspectives related to M_o_R. This includes the aim of each perspective, responsibilities of the organizationâ€™s senior team, senior manager, manager, risk specialist, and the team in risk management.
For the seventh area, what is covered includes the terms, facts, as well as concepts related to the techniques for M_o_R. This details methods for risk description and planning for risk response. Also, one should be knowing the techniques used in various instances.
Closing the requirements of the MORF exam is the eighth topic. This looks at the concepts, terms, and facts associated with risk specialisms for M_o_R. The types to cover are such as incident & crisis management, health & safety management, business continuity management, and more. Also looked at is the part of how the risk specialisms for M_o_R are used. This considers the purpose as well as scope associated with each risk specialism as included in RS0101.
Job Titles, Salary, and Career Path
Passing the MORF test extends great opportunities because of the M_o_R Foundation certificate that one gets. They include eligibility for titles like junior risk manager, operational manager, and program officer. The latter, for example, earns around $67k as stated by Payscale.com. So, if you wish for a more senior role, you can venture into the EXIN M_o_R Practitioner certificate. The requirement for this is having the M_o_R Foundation designation and passing the Practitioner exam.