Management of Risk (M_o_R4) Practitioner Enhanced

Overview

This enhanced five-day course provides a comprehensive and highly interactive introduction to the Management of Risk: Creating and Protecting Value (M_o_R 4) framework, also known as PRINCE2 risk management. The programme begins with a foundation-style introduction to the language of risk management before progressing into scenario-driven application of the methodology. Learners explore how to apply risk management across strategic, portfolio, programme, project, product, and operational contexts. The course integrates workshops, discussion-based activities, and practical exercises to build confidence in real-world application. M_o_R 4 aligns with ISO standards and supports informed decision making by improving the identification, assessment, and control of risks across all organisational levels.

Prerequisites

Participants should have:

• An interest in organisational risk management and its application across delivery and operational environments.
• Experience working within a project, programme, portfolio, or operational context.
• A willingness to undertake evening consolidation activities, including reading and practice examination questions.

Target audience

This course is designed for:

• Individuals responsible for identifying, assessing, or managing risk within their organisation.
• Professionals involved in governance, strategy, delivery, or operational decision making.
• Practitioners seeking a deeper, facilitated experience that builds practical confidence in the M_o_R 4 framework.
• Learners preparing for the M_o_R 4 practitioner examination.

Objectives

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

• Describe the purpose and structure of the M_o_R 4 framework and its role in creating and protecting value.
• Understand risk, why it matters, and how it forms part of governance and internal control.
• Apply and tailor the M_o_R 4 principles across organisational contexts.
• Assess how the six perspectives shape objectives, decision making, and risk controls.
• Integrate risk management within Agile and traditional delivery environments.
• Recognise how people, culture, and behaviour influence risk outcomes.
• Use the eight M_o_R 4 processes to identify, assess, plan for, manage, and review risks.
• Apply the framework across functional and product-based operating models.
• Prepare effectively for the practitioner examination through guided workshops, example questions, and facilitated scenario work.

Outline

Introduction to M_o_R 4

• Overview of the M_o_R 4 framework and its purpose
• Understanding risk and where risk management adds value
• How risk management supports corporate governance and internal control
• Introduction to the course scenarios used throughout the week
• Understanding value, outcomes, and benefits

M_o_R 4 principles

• The eight principles that guide effective risk management
• Tailoring principles to organisational context
• Overview of each principle:
  • Aligns with objectives
  • Fits the context
  • Engages stakeholders
  • Provides clear guidance
  • Informs decision making
  • Facilitates continual improvement
  • Creates a supportive culture
  • Achieves measurable value

M_o_R 4 perspectives

• How objectives and decisions differ across perspectives
• Tailoring controls and practices to each level
• Integration across perspectives to support escalation, delegation, and aggregation
• Overview of the six perspectives:
  • Strategic
  • Portfolio
  • Programme
  • Project
  • Product
  • Operational

Working in an Agile way

• Understanding how M_o_R 4 supports risk management in Agile environments
• Using risk to enhance adaptability, resilience, and value
• Recognising risk as both threat and opportunity
• Integrating risk management approaches into Agile events and workflows

People and risk culture

• Exploring the role of people and culture in effective risk management
• Developing competence, confidence, collaboration, and communication
• Promoting transparency and behavioural consistency
• Understanding decision bias and how it affects risk outcomes
• Techniques for embedding positive risk culture across teams and functions

M_o_R 4 processes

• Overview of the eight processes and how they form the M_o_R 4 cycle
• How each process contributes to building and protecting value
• Activities, documents, and key roles across all perspectives
• The eight processes:
  • 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 organisational context shapes integrated risk management
• Differences between functional and product-oriented models
• Potential impacts on risk management effectiveness
• Aligning practices to maximise and protect value

Exams and assessments

Learners prepare for the M_o_R 4 practitioner examination, which is scheduled outside the five-day course. The exam format includes:

• A 2-hour 15-minute assessment
• Semi-open book (M_o_R 4 guide only)
• 65 multiple-choice questions
• A pass mark of 33 out of 65

Learners take part in guided discussions, practice questions, and exam-style activities to consolidate knowledge and strengthen exam readiness.

Hands-on learning

This enhanced course offers extensive practical learning through workshops, interactive questioning, breakout exercises, and scenario-based application. Learners explore the M_o_R 4 tools and processes in depth, working collaboratively to apply the framework in realistic organisational situations. Evening consolidation activities support reinforcement of key concepts and exam preparation.