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.
The course integrates workshops, discussion-based activities, and practical exercises to build confidence in real-world application. M_o_R 4 aligns with ISO standards and supports informed decision making by improving the identification, assessment, and control of risks across all organisational levels.
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.
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.
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.
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
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
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.
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