Learn the skills and knowledge to effectively integrate a risk management framework and apply the guidance within your business’s practices. You will be empowered to make informed, strategic decisions on resource utilisation, deliver projects, programmes, and change initiatives successfully, and enhance the reliability and resilience of business operations.
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PRINCE2® Risk Management Practitioner (Version 4)
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Develop an effective risk management approach
Build a resilient risk management strategy that meets the demands of today’s VUCA world using the PRINCE2 Risk Management framework (formerly known as M_o_R®). This course teaches you the core concepts within the guidance, including the eight principles, the process lifecycle, and how people are integral to the success of risk management and fostering positive risk behaviours.
Learning objectives
- Understand the purpose and core principles of risk management.
- Learn how to apply risk management within and across the five perspectives.
- Recognise the impact of people and culture on effective risk management.
- Apply the eight risk management processes to support value creation and protection.
What you'll learn
Learn the core concepts from the PRINCE2 Risk Management and develop an effective approach to tackle the common risks which arise in today’s complex business environments. Earning this globally recognised certification helps you make an impact within your organisation and advances your career.
Principles
The principles support you to develop a risk management approach that’s aligned to your business’s specific needs and objectives. There are eight in the PRINCE2 Risk Management guidance, including ‘fits the context’, for tailoring risk management processes in line with your organisation's unique environment; ‘provides clear guidance’, for establishing well-defined policies, roles, and responsibilities, and ensuring there’s clear understanding about how risk is managed across the business; and ‘creates a supportive culture’, for building a risk-aware culture that encourages open discussion, enabling proactive management and fostering accountability.
Ultimately, these principles drive measurable value, protect resources, enhance resilience, and support sustainable growth.
Process-lifecycle
Learn about the processes in PRINCE2 Risk Management which provide a structured sequence of activities with defined inputs and outputs to achieve specific objectives. There are eight as well, including ‘prioritise risks’, which helps you assess and rank risks based on their potential impact and likelihood, ensuring focus on the most critical areas; ‘plan responses’, to help you establish strategies for mitigation, transfer, acceptance, or enhancement of identified risks; and ‘agree contingency’, for creating fallback plans for high-priority risks, ensuring the organisation is prepared to respond if issues arise.
How people and culture influence effective risk management
People and culture play a pivotal role in ensuring that a risk management strategy and approach is successfully implemented and continually improved. This course will teach you about the importance of fostering a supportive culture, promoting open communications, and encouraging individuals to identify, discuss, and address risks proactively.
Engaged employees who understand their roles are more likely to take ownership of risk-related responsibilities, while effective leadership is also crucial in ensuring risk awareness is embedded within an organisations culture. A positive approach sets the tone for good risk management behaviours across the business.
What's included
- Accredited PRINCE2 Risk Management Practitioner training
- PRINCE2 Risk Management Practitioner exam
- The official PRINCE2 Risk Manageemnt manual
- Tutor support
- Further optional extras, including Take2 exam insurance, available at checkout
Key facts
Certification
PRINCE2 Risk Management Practitioner (Version 4)
Who’s it for
Project and Programme Managers, other project support staff, PMO Managers, PMO Support, Product Managers, Operations Managers, Change Managers, Risk Managers, other risk professionals, and HR professionals.
Prerequisites
There are no formal prerequisites required to take this exam.
Exam information
Two hours and 15 minutes (135 minutes) duration, open book, 50% pass mark, online exam via remote proctor.
Optional extras
Official PRINCE2 Risk Management manual, Take2 exam insurance.
Pre-course
Mandatory online pre-course if you select classroom or live virtual classroom study options
FAQs
Develop an effective risk management approach that meets the needs, challenges and issues facing businesses today. This globally recognised certification demonstrates you have the most up to date knowledge and boosts your career prospects.
Does PRINCE2 Risk Management Practitioner expire?
Yes, you have to renew your certification within three years of the award date to remain current. There are multiple ways to recertify, more information regarding the options can be found on the PeopleCert website.
Who should take the PRINCE2 Risk Management Practitioner course?
This course is ideal for professionals who are responsible for managing risk, enabling or supporting effective risk management and developing risk management strategies, particularly if you work in project and programme management, change, operations or HR.
How long does it take to complete the Practitioner course?
Both the classroom and live virtual classroom study options are three-day courses. You have 12 months from the purchase date of the course to take your exam for all study options.
What is the pass mark for the PRINCE2 Risk Management Practitioner exam?
The exam consists of 18 matching questions and 47 standard classic questions. It's two hours 15 minutes in duration. There are 65 marks available, and the pass mark is 50%, which means you need to achieve a total of 33 marks or more.
What our customers say
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