Risk management helps organisations face uncertainty and make better decisions. Designed for professionals working across project and programme environments, this Foundation course gives you an introduction to the principles and practices outlined in PRINCE2 Risk Management (Version 3).
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PRINCE2® Risk Management Foundation (Version 3) (formerly M_o_R®)
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Gain practical knowledge in risk management
This Foundation course provides an introduction to the essentials of structured risk management, teaching you how to recognise, assess, and handle risks effectively. The programme explains the four elements of the framework (principles, approach, processes, and embedding and reviewing) which together create a practical method for supporting change and decision-making in organisations.
Learning objectives
By completing this course, you will be able to:
- Explain the four components of the PRINCE2 Risk Management framework
- Describe how principles, approach, and processes connect
- Identify and apply core risk management terminology
- Understand the purpose of key documents
- Recognise how the framework supports projects, programmes, and operations
What you'll learn
The PRINCE2 Risk Management Foundation (Version 3) course introduces you to the essentials of structured risk management. You’ll gain practical knowledge and the confidence to apply the framework across projects, programmes, and operations, learning how to embed risk management approaches that improve decision-making and support successful change initiatives.
Tools and techniques
This course introduces you to practical tools that support effective risk management. You’ll learn how to use techniques such as response planning, tolerance setting, and SWOT and PESTLE analysis, which give you the ability to prioritise and respond to risks in a way that fits your organisation’s needs, while ensuring alignment with strategic objectives.
Principles
You’ll study the principles that underpin the PRINCE2 Risk Management framework. These act as the foundation for creating a consistent and reliable approach to managing risk. They show you how to align risk activities with organisational strategy, encourage stakeholder involvement, and ensure that risk practices remain relevant and proportionate across all levels of work. By understanding these principles, you’ll see how they guide the application of the framework in a way that supports long-term success.
Processes
The PRINCE2 Risk Management framework outlines a cycle of four processes that help organisations take a structured approach to risk. You’ll explore each stage in detail: identifying potential risks, assessing their likelihood and impact, planning appropriate responses, and putting those responses into action. This process-driven structure provides a repeatable way to reduce uncertainty and strengthen business outcomes, helping you to move from recognising risks to actively managing them.
What's included
- Accredited PRINCE2 Risk Management Foundation (Version 3) training
- PRINCE2 Risk Management Foundation (Version 3) exam
- Official PRINCE2 Risk Management (Version 3) manual
- Tutor support
- Optional extras, such as Take2 exam insurance, available at checkout
Key facts
Certification
PRINCE2 Risk Management Foundation (Version 3)
Ideal for
Suitable for Project and Programme Managers, Risk Managers, Business Change Managers, support roles, and operational teams seeking to strengthen their risk knowledge.
Prerequisites
No prior experience or qualifications are needed to enrol on this course.
Exam information
60 minutes, multiple choice, closed book, 50% pass mark, online exam via remote proctor.
Optional extras
You can add the official PRINCE2 Risk Management (Version 3) manual and Take2 exam insurance at checkout.
Pre-course
If you choose classroom or live virtual classroom learning, you’ll need to complete a short mandatory preparation module before attending.
FAQs
This Foundation course delivers a comprehensive introduction to the PRINCE2 Risk Management (Version 3) guidance. It explains the framework’s principles, processes, and techniques, helping you understand how to approach risk systematically across projects, programmes, and wider business activities.
What skills will I gain from the PRINCE2 Risk Management Foundation (Version 3) course?
You’ll learn how to recognise different types of risk, evaluate their potential impact, and apply structured responses. The course shows you how to use the four elements of the framework: principles, approach, processes, and embedding and reviewing, to create a risk-aware culture. These skills are directly applicable in change initiatives, operational environments, and project delivery.
How long is the certificate valid for?
The Foundation qualification remains valid for three years. To maintain your certified status, you must complete a renewal assessment or higher-level certification through PeopleCert. Renewing on time ensures your knowledge reflects the latest best practice in risk management.
What should I expect from the exam?
The exam is an online, proctored assessment that lasts 60 minutes. It contains 75 multiple-choice questions, including trial items that are not scored. The test is closed book, and you’ll need to achieve at least 35 correct answers (50%) to pass.
Is Foundation required before progressing to higher levels of PRINCE2 Risk Management?
You will need to complete this certification to take the PRINCE2 Risk Management Practitioner (Version 3) exam. However, if you would prefer to certify in Practitioner (Version 4) this is not a requirement.
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