PRINCE2® Risk Management Practitioner (formerly MOR4)

This course provides a comprehensive introduction to the Management of Risk: Creating and Protecting Value (PRINCE2 Risk Management framework). Learners explore how effective risk management supports better decision making, enhances resilience, and protects organisational value. The course focuses on applying the framework across strategic, portfolio, programme, project, product, and operational perspectives, helping individuals understand how risk influences both threats and opportunities. Through practical examples and scenario-based work, learners gain the skills to apply the PRINCE2 Risk Management processes immediately within their organisation. The framework is aligned with ISO standards and is a single-level certification targeted at practitioner level.

Please note that this course was formerly called M_O_R 4 so there is no foundation-level qualification/ exam associated with this practitioner level course.

Prerequisites

Whilst there are no mandatory prerequisites for this course, the following would be beneficial:

• An interest in organisational risk management and its application across delivery and operational environments
• Familiarity with corporate governance or project, programme / portfolio / change environments.
• A willingness to complete evening consolidation and practice exam work throughout the course.

Target Audience

This course is designed for:

• Individuals responsible for identifying, assessing, and managing risk across an organisation.
• Practitioners working in strategic planning, portfolio management, programme and project delivery, product management, or operations.
• Organisations seeking to embed consistent, effective, and value-focused risk management practices.

By the end of this course, learners will be able to:

• Describe the purpose and structure of the PRINCE2 Risk Management framework and how it supports creating and protecting value.
• Explain what risk is, why it matters, and how it contributes to corporate governance and internal control.
• Apply the eight PRINCE2 Risk Management principles to build effective, context-driven risk management practices.
• Tailor the framework across all six organisational perspectives: strategic, portfolio, programme, project, product, and operational.
• Integrate risk management within Agile ways of working to enhance agility and resilience.
• Recognise the importance of positive risk culture, stakeholder engagement, and decision-making behaviours.
• Apply and adapt the eight PRINCE2 Risk Management processes using scenarios and real-world examples.
• Prepare for the PRINCE2 Risk Management practitioner exam through practice questions, example scenarios, and facilitated discussions.

Introduction to PRINCE2 Risk Management

• The role of risk management in creating and protecting value
• Understanding risk, its purpose, and when risk management should be applied
• The link to corporate governance and internal control
• Overview of the course structure and use of fictitious scenarios

PRINCE2 Risk Management principles

• Principles that underpin good risk management
• Aligning risk practices to organisational objectives
• Tailoring risk management to context and stakeholder needs
• Providing clear guidance and supporting informed decision making
• Facilitating continual improvement and building a supportive culture
• Achieving measurable value

PRINCE2 Risk Management perspectives

• Understanding the six perspectives and why they matter
• How objectives and decision making differ at each level
• Approaches for escalation, delegation, and aggregation of risk
• Overview of the six perspectives:
  • Strategic
  • Portfolio
  • Programme
  • Project
  • Product
  • Operational
• Creating a connected, scalable approach across all perspectives

Working in an Agile way

• The relationship between risk management and Agile approaches
• Managing risk to support agility, adaptability, and resilience
• Recognising opportunity as well as threat
• Integrating risk practices into Agile events and workflows

People and risk culture

• Developing a positive, supportive risk culture
• Building competence and confidence in risk management
• Stakeholder engagement and communication approaches
• Understanding decision bias and how it affects risk behaviour
• Overcoming challenges and enabling collaborative, transparent risk working

PRINCE2 Risk Management processes

• Introduction to the eight processes within the process cycle
• How processes apply across all organisational perspectives
• Exploring each process through scenario-based exercises:
  • 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 functional and product-oriented operating models influence risk management
• Ensuring alignment with organisational context and structure
• Recognising impacts that may limit value realisation if left unaddressed

Hands-on learning

This course incorporates scenario-based learning, group exercises, and practical application of the PRINCE2 Risk Management principles and processes. Learners work collaboratively to explore risk challenges and practise applying the framework in realistic organisational contexts. Evening consolidation and practice questions form an essential part of the learning experience.

Examinations

PeopleCert exams take place remotely via PeopleCert Online Proctoring. You will be required to download and install ExamShield and conduct a compatibility test prior to sitting the exam.

After purchase you will receive information on how to book your exams at a date and time convenient to you. Although your exam vouchers are valid for 12-months we strongly recommend you do not leave it too long after your course to sit them. Course instruction completes at approximately 4.30pm on the last day of your course so please ensure it is at least an hour after then.

The exam format includes:

• 2-hour 15-minute exam
• Open book (PRINCE2 Risk Management guide only)
• 65 multiple-choice questions (1 mark per question)
• A pass mark of 33 out of 65

The course includes practice exam questions, facilitated discussions, and example scenarios to reinforce understanding and build confidence.

Exam Proof of Identification

PeopleCert require that candidates provide Photo ID with a valid signature e.g. driving license, passport or named work ID badges prior to sitting their exam. Failure to produce this ID will result in their exam results being withheld until proof of ID is provided. Please note that if proof is not provided within 40 days, candidate's exam results will be null and void and a re-sit would be required.

Reasonable Adjustments Policy

The exam provider allows additional time for candidates who have a disability or whose native language differs to that of the examination paper. Ful details and how to apply can be found here https://www.qa.com/legal-privacy/reasonable-adjustments-exam-guidance/. At least two weeks' notice will be required for processing this request. Delegates failing to advise QA and provide evidence when requested, may not be allowed the additional support offered via the policy. QA Exam Administration can be contacted by email exam.admin@qa.com or by phone +44(0)1793 696162.