Management of Risk Foundation & Practitioner

Course Overview:

This enhanced five-day course provides a comprehensive and highly interactive introduction to the Management of Risk: Creating and Protecting Value (M_o_R 4) framework, also known as PRINCE2 risk management. The programme begins with a foundation-style introduction to the language of risk management before progressing into scenario-driven application of the methodology. Learners explore how to apply risk management across strategic, portfolio, programme, project, product, and operational contexts.

Target Audience:

This course is designed for:

• Individuals responsible for identifying, assessing, or managing risk within their organisation.
• Professionals involved in governance, strategy, delivery, or operational decision making.
• Practitioners seeking a deeper, facilitated experience that builds practical confidence in the M_o_R 4 framework.
• Learners preparing for the M_o_R 4 practitioner examination.

Course Objectives:

By actively participating in this course, you will learn about the following:

• Describe the purpose and structure of the M_o_R 4 framework and its role in creating and protecting value.
• Understand risk, why it matters, and how it forms part of governance and internal control.
• Apply and tailor the M_o_R 4 principles across organisational contexts.
• Assess how the six perspectives shape objectives, decision making, and risk controls.
• Integrate risk management within Agile and traditional delivery environments.
• Recognise how people, culture, and behaviour influence risk outcomes.
• Use the eight M_o_R 4 processes to identify, assess, plan for, manage, and review risks.
• Apply the framework across functional and product-based operating models.
• Prepare effectively for the practitioner examination through guided workshops, example questions, and facilitated scenario work.

Course Content:

Introduction to M_o_R 4

• Overview of the M_o_R 4 framework and its purpose
• Understanding risk and where risk management adds value
• How risk management supports corporate governance and internal control
• Introduction to the course scenarios used throughout the week
• Understanding value, outcomes, and benefits

M_o_R 4 principles

• The eight principles that guide effective risk management
• Tailoring principles to organisational context
• Overview of each principle:
• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value

M_o_R 4 perspectives

• How objectives and decisions differ across perspectives
• Tailoring controls and practices to each level
• Integration across perspectives to support escalation, delegation, and aggregation
• Overview of the six perspectives:
• Strategic
• Portfolio
• Programme
• Project
• Product
• Operational

Working in an Agile way

• Understanding how M_o_R 4 supports risk management in Agile environments
• Using risk to enhance adaptability, resilience, and value
• Recognising risk as both threat and opportunity
• Integrating risk management approaches into Agile events and workflows

People and risk culture

• Exploring the role of people and culture in effective risk management
• Developing competence, confidence, collaboration, and communication
• Promoting transparency and behavioural consistency
• Understanding decision bias and how it affects risk outcomes
• Techniques for embedding positive risk culture across teams and functions

M_o_R 4 processes

• Overview of the eight processes and how they form the M_o_R 4 cycle
• How each process contributes to building and protecting value
• Activities, documents, and key roles across all perspectives
• The eight processes:
• Define context and objectives
• Identify threats and opportunities
• Prioritise risks
• Assess combined risk profile
• Plan responses
• Agree contingency
• Monitor and report progress
• Review and adapt

Risk management across different operating models

• How organisational context shapes integrated risk management
• Differences between functional and product-oriented models
• Potential impacts on risk management effectiveness
• Aligning practices to maximise and protect value

Prerequisites:

Participants should have:

• An interest in organisational risk management and its application across delivery and operational environments.
• Experience working within a project, programme, portfolio, or operational context.
• A willingness to undertake evening consolidation activities, including reading and practice examination questions.

Certification / Exam:

Learners prepare for the M_o_R 4 practitioner examination, which is scheduled outside the five-day course. The exam format includes:

• A 2-hour 15-minute assessment
• Semi-open book (M_o_R 4 guide only)
• 65 multiple-choice questions
• A pass mark of 33 out of 65

Learners take part in guided discussions, practice questions, and exam-style activities to consolidate knowledge and strengthen exam readiness.

Further Information:

 For more information or to book this course, please contact our Course Enquiries Team on 0117 370 1970 or send us an email us at enquiries@skilltec.co.uk

This training course provided by Skilltec is accredited through Global Knowledge Training Ltd. Global Knowledge Training Ltd are the authorised learning partner; all trademarks and partner statuses are provided through them.
M_o_Ris a [registered] trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved. The Swirl logo is a trademark of AXELOS Limited, used under permission of AXELOS Limited. All rights reserved

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