APM Project Risk Management Level 2

Select your learning method

Overview Learning objectives What you’ll learn Key facts FAQs What our customers say Get in touch

Learn Essential skills

Course overview

The APM Project Risk Management Level 2 course increases your understanding of advanced risk management principles, techniques, and processes. It builds on foundational knowledge to equip you with the practical skills needed to identify, assess, and respond to risks effectively, enabling greater success in project delivery.

Download course outline Download learning plan

Advanced Risk Management Training

This four-day course equips professionals with the skills and knowledge needed to excel in advanced project risk management. Through a combination of guided learning and independent study, participants will build their understanding and practical application of risk management principles.

Learning objectives

Explain the benefits and principles of risk management
Demonstrate the PRAM process
Conduct risk identification and assessment
Develop risk response strategies
Use quantitative and qualitative risk assessment techniques
Create and manage a risk register
Apply lessons learned to future projects

What you’ll learn

This course provides comprehensive training in project risk management, focusing on advanced techniques and practical applications. It prepares you to handle risk systematically, using proven methodologies to enhance project outcomes and drive organisational success. By mastering these skills, you'll be ready to take on the APM Risk 2 exam confidently.

Understanding risk management

Discover the principles of risk management, including the dual nature of risk as both a threat and an opportunity. Learn to differentiate between risk events and project risk, and explore the benefits of a proactive risk management approach. The course also covers common challenges to effective risk management and strategies to overcome them.

Risk management processes and techniques

Master the PRAM (Project Risk Analysis and Management) process, including scaling practices for different projects. You’ll also delve into risk identification techniques, such as brainstorming and root cause analysis, and evaluate their advantages and limitations. Learn to apply these methods through practical exercises to ensure you can effectively address risks in diverse scenarios.

Risk assessment methodologies

Understand the differences between qualitative and quantitative risk assessments and when to apply each. Learn to use tools including probability grids, Monte Carlo analysis, decision trees, and sensitivity analysis. This course also equips you to assess risks comprehensively, prioritise them, and make data-driven decisions to support project objectives.

Planning and responding to risks

Learn to create actionable risk response plans tailored to specific project challenges. Explore strategies for managing threats and opportunities, assigning risk ownership, and conducting cost-benefit analyses. The course also highlights the importance of ongoing risk reviews and contingency planning to maintain control throughout the project lifecycle.

Integrating human factors and applying risk management

Gain insights into how human behaviour, such as individual attitudes and group dynamics, influences risk management. Develop strategies to mitigate these factors for more effective outcomes. You’ll also explore practical methods to introduce risk management into projects and secure senior management buy-in, ensuring its successful integration into your workflows.

What’s included

APM Risk 2 accredited training
APM Risk 2 exam
Online pre-course
40+ hours of ILX learning resources
Tutor support

Key facts

Certification

APM Project Risk Management Level 2.

Who it’s for

Experienced project professionals – Project Managers, Programme Managers and key project staff involved in risk management.

Prerequisites

All delegates need to take an online assessment to determine their suitability and readiness. Please watch the APM Learner Suitability video before completing the assessment. More info in the FAQs.

Exam information

Three-hour and 15-minute open-book exam with three questions (one compulsory, two from a selection of four).

Optional extras

The official manual (APM Project Risk Analysis and Management Guide, 2nd edition)

Pre-course

Mandatory online pre-course if you select classroom or live virtual classroom study options. The official manual (APM Project Risk Analysis and Management Guide, 2nd edition)

FAQs

The APM Project Risk Management Level 2 course provides advanced training in risk management concepts and techniques to prepare for certification.

Is the APM Project Risk Management Level 2 course right for me?

This course is ideal for project and programme managers, and team members responsible for risk management. You can take Risk Level 2 without completing Level 1, but it’s important to have a solid understanding of project risk management at the Level 1 standard. The exam assumes you’re familiar with the knowledge outlined in the APM Project Management Qualification syllabus. It’s also expected that you’ve read the Project Risk Analysis and Management (PRAM) Guide, 2nd Edition to prepare effectively.

What is the format of the APM Project Risk Management Level 2 exam?

The APM suggests dedicating approximately 75 hours to prepare for the APM Risk 2 exam. This includes around five hours of pre-course work, attendance at a four-day live virtual or in-person classroom course, and completion of 40 hours of additional learning resources to support your exam preparation. It’s important to ensure all learning is completed before sitting the exam.

What are the study options for this course?

You can choose between live virtual classroom and in-person classroom study options. Both include five hours of online pre-course work, attendance at a 4-day workshop, and 40 hours of additional learning resources that will help to support your exam preparation.

Why should I take the APM Project Risk Management Level 2 course?

The APM Project Risk Management Level 2 course enhances your expertise in advanced risk management, equipping you with practical tools to manage complex risks, improve project outcomes, and boost career prospects while demonstrating commitment to best practices and industry standards.

What our customers say

“Awesome teacher who made the content fun to learn and easy to retain.

I thought the tutor was great. They were professional with great and interesting explanations, and they made learning the course content fun. The teaching prepared me well for the exams.”

Emily Meades, ILX Learner

"Friendly staff who helped me with all my questions and request very quickly."

Nathaniel Jenkins, ILX Learner