The PRINCE2® Risk Management Foundation & Practitioner (Version 3), formerly known as M_o_R, programme provides a clear framework for handling uncertainty across organisations. You’ll explore the principles and practices needed to build effective risk responses for a wide range of business contexts. These qualifications will equip you with the practical confidence to strengthen governance and decision-making at project, programme, and operational levels.
April sale - up to 30% off training courses – use code: APRIL26UK
View courses
b4825f66-9511-4a5a-bd57-1c87756f06a5
PRINCE2® Risk Management Foundation & Practitioner (Version 3) (formerly M_o_R®)
Select your learning method
Master the essentials of risk management
This course introduces a practical way of dealing with uncertainty in projects, programmes, and wider business operations. You’ll explore key components of the PRINCE2 Risk Management framework, formerly known as M_o_R®, and learn how to design strategies that effectively handle risk. The training enables you to apply structured methods that support clearer decision-making and long-term resilience.
Learning objectives
- Develop a solid understanding of the terms, ideas, and relationships that make up PRINCE2 Risk Management
- Apply the principles, processes, and approach to realistic examples and case studies
- Distinguish between the various documents in the framework and understand how each one is used
- Learn how to create, assess, and refine framework documents to improve risk management outcomes
- Build the ability to review existing practices and suggest ways to embed the methodology effectively within an organisation
What you'll learn
The Foundation stage builds your understanding of risk management and shows you how to apply the framework in practice across projects, programmes, and business operations. At Practitioner level, you’ll develop deeper skills, such as learning to evaluate complex risk scenarios, create structured responses, and embed effective approaches into everyday decision-making and organisational culture.
Core principles, processes, and techniques
This course introduces the guiding principles that ensure risk management remains aligned with organisational objectives. You’ll study the full risk cycle, from identifying and analysing risks, to planning and implementing suitable responses. Tools such as risk registers, checklists, and scenario modelling are also explored, helping you prioritise and manage risks in a practical way.
Embedding and reviewing practices
Discover how organisations can make risk management part of their culture through consistent application and regular reviews. You’ll look at methods such as maturity models and structured assessments, which provide insight into performance and highlight opportunities for improvement. This ensures risk processes remain relevant, up to date, and capable of adapting to changing business needs.
How effective risk management supports organisations
Learn why being prepared is critical for business continuity and long-term stability. Topics include project and programme risk control, operational risk management, and strategies for ensuring services remain reliable during disruption. You’ll come away with approaches that help protect assets, maintain performance, and safeguard your organisation’s reputation.
What's included
- Accredited PRINCE2 Risk Management Foundation & Practitioner (Version 3) training
- PRINCE2 Risk Management Foundation and Practitioner (Version 3) exams
- Official PRINCE2 Risk Management (Version 3) manual
- Tutor support
- Further additional options, including Take2 exam insurance, available at checkout
Key facts
Certification
PRINCE2 Risk Management Foundation & Practitioner (Version 3)
Ideal for
This course is suitable for anyone involved in planning or managing change, including Business Change Managers, Project and Programme Managers, Risk Managers, and operational professionals who need to understand risk management.
Prerequisites
No prior qualifications are needed for the Foundation exam. To progress to Practitioner, you must first hold the PRINCE2 Risk Management Foundation (Version 3) certificate.
Exam information
The Foundation and Practitioner exams are structured differently. Full details are available in the FAQ section on this page.
Optional extras
Learners can purchase the official PRINCE2 Risk Management (Version 3) manual and Take2 exam insurance.
Pre-course
If you book classroom, blended, or live virtual classroom study, you’ll need to complete an online pre-course before attending.
FAQs
The PRINCE2 Risk Management Foundation & Practitioner course gives you the tools and knowledge to manage risks in a structured way, preparing you to deal with real-world challenges across business environments.
What is the PRINCE2 Risk Management Foundation & Practitioner course exam structure and what score do I need to pass?
The Foundation exam lasts one hour, is closed book, and includes 75 multiple-choice questions (five of which are trial questions that don’t count). You’ll need to achieve at least 35 correct answers (50%) to pass. The Practitioner exam is three hours long, open book, and uses objective testing. It consists of four questions worth 20 marks each, totalling 80 marks. To pass, you need 40 marks or more (50%).
How much time will I need to complete the course and exams?
If you choose a classroom or live virtual classroom option, training runs over five consecutive days. With the blended format, you’ll have access to 12 months of eLearning (approximately 12 hours of study time) before completing two additional days of Practitioner training either in-person or virtually. Both exams must be taken within 12 months of your course purchase, and you must pass Foundation before sitting Practitioner.
Do the PRINCE2 Risk Management Foundation and Practitioner qualifications have an expiry date?
Yes. Both certifications remain valid for three years from the date of achievement. After that, you’ll need to recertify to keep your qualification up to date. You can find details of the renewal process on the PeopleCert website.
Is the course content the same across classroom, virtual, and blended study methods?
Yes, whichever study option you choose, the syllabus and exams are exactly the same. The difference lies in how you learn: classroom and virtual options give you direct access to a trainer in real time, while blended learning combines self-paced online study with live sessions for added flexibility.
What our learners say
“The quality of education provided is comparable to none. Great stuff!"
Jerrold Edwards, PRINCE2.com Learner
“I cannot fault this, the course has been perfect. I would highly recommend.”
Arun Prathapan, PRINCE2.com Learner
Why choose PRINCE2.com
96% satisfaction rating
Join thousands of learners who trust ILX to support their professional development journey
35+ years’ experience
Delivering trusted, high-quality learning that helps you grow your skills and confidence
500,000+ customers
Join thousands of professionals who’ve advanced their careers with PRINCE2.com