The PRINCE2 Risk Management Foundation & Practitioner (Version 3) course, previously known as M_o_R®, equips you with the skills to manage risk effectively in today’s changing environments. Covering core concepts, principles, and techniques, these globally recognised qualifications deepen your understanding of the framework and teach you to apply it practically, strengthening resilience across projects, programmes, and operations.
8039c0ba-335e-4711-899b-aa505a231ed3
PRINCE2® Risk Management Foundation & Practitioner (Version 3)
Select your learning method
Develop a robust risk management strategy
Gain skills to support risk management, from identifying risks to developing responses aligned with business goals. Covering PRINCE2 Risk Management's four elements – principles, approach, processes, and embedding – the course equips you with practical tools to create a comprehensive, adaptable strategy, empowering you to manage complex risks with confidence.
Learning objectives
- Understand the key facts, terminology, concepts, and relationships within the four elements of PRINCE2 Risk Management
- Learn how to apply the principles, approach, and processes in practical scenarios
- Distinguish between the framework's documents and understand their specific purposes
- Gain skills to review and make recommendations for embedding the framework effectively
- Understand the requirements for creating and assessing each framework document
What you'll learn
The Foundation element provides a grounding in risk management, equipping you to apply the PRINCE2 Risk Management framework confidently across initiatives, projects, and portfolios. While the Practitioner part deepens your expertise, teaching you to assess complex risks, develop strategic responses, and embed resilient practices for informed decision-making.
The principles, processes, and tools and techniques
Gain in-depth knowledge of the principles, processes, and tools that form the PRINCE2 Risk Management framework. The principles act as core guidelines that ensure risk management aligns with organisational objectives across projects, programmes, and portfolios. The processes follow a cycle – identify, assess, plan, and implement – to help you proactively manage risks by uncovering, evaluating, and developing effective responses to potential threats. Additionally, tools and techniques such as risk checklists, registers, and scenario planning support risk identification, assessment, and prioritisation. Together, these elements provide a foundation for risk management that meets business needs and strategic objectives.
The concept of embedding and reviewing
Embedding and reviewing, one of the core concepts in the guidance, ensures your business’s risk management principles, approach, and processes are consistently applied and improved. This involves integrating risk practices into your culture, making them a natural part of daily operations and decision-making. Set up regular review mechanisms, such as health checks and maturity models, for assessing effectiveness and identifying improvement areas, encouraging a proactive approach by identifying opportunities for change that help your business adapt to evolving issues faster. While open communication and continuous engagement fosters an environment where risk management is integral to drive resilience and support sustained growth.
How risk management benefits your business
While it's impossible to anticipate every threat, being prepared greatly enhances your response capabilities. This course covers essential risk management concepts, equipping you to identify, assess, and manage risks effectively. Topics include business continuity management, which focuses on maintaining critical functions during disruptions; project and programme risk management, aimed at controlling risks to keep projects on track; and operational risk management, which addresses issues like system failures and supply chain disruptions to ensure service reliability. Through this guidance, you'll gain strategies to protect and sustain your organisation’s operations.
What's included
- Accredited PRINCE2 Risk Management Foundation & Practitioner (Version 3) training
- PRINCE2 Risk Management Foundation & Practitioner (Version 3) exams
- Official PRINCE2 Risk Management (Version 3) manual
- Tutor support
- Further optional extras, including Take2 exam insurance, available at checkout
Key facts
Certification
PRINCE2 Risk Management Foundation & Practitioner (Version 3)
Who’s it for
Business Change Managers, Project and Programme Managers, Risk Managers, project and programme support staff, operational staff and managers
Prerequisites
There are no formal prerequisites for Foundation. In order to sit the Practitioner exam, you must have passed the PRINCE2 Risk Management Foundation (Version 3) qualification.
Exam information
There are two different formats for the Foundation and Practitioner exams. For full details, refer to the FAQs on this page.
Optional extras
Official PRINCE2 Risk Management (Version 3) manual, Take2 exam insurance.
Pre-course
Mandatory online pre-course if you select classroom, live virtual classroom or blended study options.
FAQs
The PRINCE2 Risk Management Foundation & Practitioner course covers the core principles of the framework, providing essential skills to proactively manage risks across diverse business environments. You will learn practical techniques for handling complex risk scenarios effectively, preparing you to apply risk management confidently in real-world contexts.
What are the exam formats and pass marks for PRINCE2 Risk Management Foundation & Practitioner (Version 3)?
For Foundation, the exam is multiple choice and closed book. It’s a one-hour exam, and there are 75 questions, including five trial questions. The pass mark is 50%, which means you need 35 marks or more to pass.
The Practitioner exam has an objective testing format and is open book (PRINCE2 Risk Management guidance book and part A of the ABC guidance is allowed). It is three hours in duration, and there are four questions per paper with 20 marks available per question, making a total of 80 marks. The pass mark is 50%, which means you need a total of 40 marks or more to pass.
Does PRINCE2 Risk Management Foundation & Practitioner (Version 3) expire?
Yes, both certifications will need renewing within three years of the award date to remain current. There are multiple ways to recertify, you can find out more on the PeopleCert website.
How long does it take to complete PRINCE2 Risk Management Foundation & Practitioner?
If you choose either the classroom or live virtual classroom study option, you will be attending a five-day course. If you opt for the blended course, you get 12 months’ access to the Foundation eLearning, which will take you about 12 hours to complete. Once you’ve done the eLearning, you’ll be ready to attend either a live virtual or in-person classroom for the Practitioner certification, both of which last for two days.
For all study options, you have 12 months from the day you purchase the course to take both exams. You have to pass Foundation before you are eligible for the Practitioner exam.
Will I receive two certificates for the Foundation and Practitioner courses?
Yes, you will receive one certificate for Foundation and one certificate for Practitioner from PeopleCert.
What our customers say
"I opted for the blended delivery (part online/part in-person). The in-person delivery was excellent and really inspired me! Would definitely recommend this course to others."
Benjamin Daniell, ILX Learner
"I am very satisfied with the course! Brilliant job! It was intense, but with good energy and I've learned a lot. Thank you!"
Oksana Sawicka, ILX Learner
Why study with ILX
500,000+ learners
Join the half a million learners developing their skills with our training
5,000+ businesses
A trusted partner to thousands of organisations worldwide
96% customer satisfaction
Our passionate team goes above and beyond to support customer needs
Quote request
Please complete the form to ensure your quote is accurate and we will contact you soon.
For the best prices, get in touch!