Management of Risk (M_o_R4) Practitioner

Overview

This course provides a comprehensive introduction to the Management of Risk: Creating and Protecting Value (M_o_R 4) framework, also known as PRINCE2 risk management. 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 M_o_R 4 processes immediately within their organisation. M_o_R 4 is aligned with ISO standards and is a single-level certification targeted at practitioner level.

Prerequisites

Participants should have:

• An understanding of organisational governance or project, programme, or portfolio environments.
• Experience working within a change, delivery, or operational context.
• 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.

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 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 M_o_R 4 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 M_o_R 4 processes using scenarios and real-world examples.
• Prepare for the M_o_R 4 practitioner exam through practice questions, example scenarios, and facilitated discussions.

Outline

Introduction to M_o_R 4

• 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

M_o_R 4 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

M_o_R 4 perspectives

• Understanding the six perspectives and why they matter
• How objectives and decision making differ at each level
• 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

M_o_R 4 processes

• Introduction to the eight processes within the M_o_R 4 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

Exams and assessments

Learners will sit the M_o_R 4 practitioner examination, scheduled outside the three-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

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

Hands-on learning

This course incorporates scenario-based learning, group exercises, and practical application of the M_o_R 4 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.