Management of Risk Foundation (M_o_R®) 3rd Edition (PRINCE2 Risk Management)
Establish an Effective Framework for Risk Management
Identify, Assess & Respond to Organisational Risks
Gain an M_o_R® Foundation Qualification
Learn with Certified Risk Trainers Rated 5 Stars
Exam Pass Guarantee Included*
Welsh Government Funding Accepted
Course Overview
Duration:
3 Days (9am-5pm)
Accredited:
Available upon request
Exams:
Included
Funding:
ReAct
Type:
Classroom, Onsite, Virtual
Company group booking discount available
Course Overview
Duration:
3 Days (9am-5pm)
Accredited:
Available upon request
Exams:
Included
Funding:
ReAct
Type:
Classroom, Onsite, Virtual
Company group booking discount available
The accredited Management of Risk (M_o_R®) Foundation Version 3 course provides delegates with a structured introduction to identifying, assessing and managing risk across projects, programmes, portfolios and operational activities.
M_o_R is now presented by PeopleCert as PRINCE2® Risk Management. The updated name brings M_o_R within the wider PRINCE2 portfolio while retaining the established principles, approach, processes, tools and techniques of the M_o_R Version 3 framework.
Effective risk management helps organisations make better-informed decisions, protect value and respond confidently to uncertainty. This course explains how a structured approach can be used to manage both threats and opportunities while supporting corporate governance and organisational objectives.
Delegates will explore the four core elements of the framework: principles, approach, processes, and embedding and reviewing. They will learn how these elements work together to create a consistent, practical and adaptable approach to risk management.
The course also introduces delegates to risk management documents, roles, responsibilities, tools and techniques. It prepares learners for the M_o_R Foundation Version 3 examination and provides knowledge that can be applied within their own organisations.
Target Audience
• Risk Managers and Risk Professionals
• Project Managers and Programme Managers
• Portfolio Managers
• PMO Managers and PMO Support Professionals
• Business Change Managers
• Change and Transformation Professionals
• Operational Managers
• Product Managers
• Corporate Governance Professionals
• Business Continuity Professionals
• Internal Auditors and Assurance Professionals
• Compliance Professionals
• Management Consultants
• Project and Programme Support Staff
• HR Professionals involved in organisational risk
• Professionals responsible for making or supporting risk-based decisions
• Anyone seeking a recognised Foundation-level qualification in risk management
By the End of This Course, You Will Be Able To:
• Understand the purpose and benefits of effective risk management
• Explain the key terminology and concepts used within M_o_R
• Understand the four core elements of the M_o_R framework
• Explain the eight M_o_R principles
• Understand how risk management supports corporate governance
• Describe how to develop an appropriate risk management approach
• Understand the purpose of risk management policies, strategies and process guides
• Identify threats and opportunities within different organisational contexts
• Understand how risks are assessed and prioritised
• Explain how appropriate risk responses are selected and planned
• Understand how agreed risk responses are implemented and monitored
• Recognise the importance of risk appetite, risk tolerance and risk capacity
• Understand the roles and responsibilities involved in effective risk management
• Describe the purpose of risk registers and other M_o_R documents
• Understand how risk management can be embedded within organisational culture
• Explain how risk management practices can be reviewed and improved
• Recognise common risk management tools and techniques
• Prepare confidently for the M_o_R Foundation Version 3 examination
Please note: the following M_o_R examination process will apply to every course:
• All M_o_R examinations are arranged and administered online directly by PeopleCert.
• Delegates will be provided with a PeopleCert examination voucher for each examination. The Foundation examination voucher includes access to the official PRINCE2 Risk Management Version 3 digital manual, formerly known as the M_o_R Version 3 manual.
• On receipt of the voucher code, delegates should create or log in to their candidate profile on the PeopleCert website to redeem the voucher and access the official digital manual.
This accredited Management of Risk (M_o_R) training course includes the official digital manual and benefits from our Exam Pass Guarantee.
The Management of Risk Foundation and Practitioner (M_o_R®) Version 3 course, now presented by PeopleCert as PRINCE2® Risk Management Foundation and Practitioner (Version 3), is provided by Aims4change, an ATO/Affiliate of PeopleCert. M_o_R® and PRINCE2® are registered trade marks of PeopleCert Group. Used under licence from PeopleCert. All rights reserved.
The accredited Management of Risk (M_o_R®) Foundation Version 3 course provides delegates with a structured introduction to identifying, assessing and managing risk across projects, programmes, portfolios and operational activities.
M_o_R is now presented by PeopleCert as PRINCE2® Risk Management. The updated name brings M_o_R within the wider PRINCE2 portfolio while retaining the established principles, approach, processes, tools and techniques of the M_o_R Version 3 framework.
Effective risk management helps organisations make better-informed decisions, protect value and respond confidently to uncertainty. This course explains how a structured approach can be used to manage both threats and opportunities while supporting corporate governance and organisational objectives.
Delegates will explore the four core elements of the framework: principles, approach, processes, and embedding and reviewing. They will learn how these elements work together to create a consistent, practical and adaptable approach to risk management.
The course also introduces delegates to risk management documents, roles, responsibilities, tools and techniques. It prepares learners for the M_o_R Foundation Version 3 examination and provides knowledge that can be applied within their own organisations.
Target Audience
• Risk Managers and Risk Professionals
• Project Managers and Programme Managers
• Portfolio Managers
• PMO Managers and PMO Support Professionals
• Business Change Managers
• Change and Transformation Professionals
• Operational Managers
• Product Managers
• Corporate Governance Professionals
• Business Continuity Professionals
• Internal Auditors and Assurance Professionals
• Compliance Professionals
• Management Consultants
• Project and Programme Support Staff
• HR Professionals involved in organisational risk
• Professionals responsible for making or supporting risk-based decisions
• Anyone seeking a recognised Foundation-level qualification in risk management
By the End of This Course, You Will Be Able To:
• Understand the purpose and benefits of effective risk management
• Explain the key terminology and concepts used within M_o_R
• Understand the four core elements of the M_o_R framework
• Explain the eight M_o_R principles
• Understand how risk management supports corporate governance
• Describe how to develop an appropriate risk management approach
• Understand the purpose of risk management policies, strategies and process guides
• Identify threats and opportunities within different organisational contexts
• Understand how risks are assessed and prioritised
• Explain how appropriate risk responses are selected and planned
• Understand how agreed risk responses are implemented and monitored
• Recognise the importance of risk appetite, risk tolerance and risk capacity
• Understand the roles and responsibilities involved in effective risk management
• Describe the purpose of risk registers and other M_o_R documents
• Understand how risk management can be embedded within organisational culture
• Explain how risk management practices can be reviewed and improved
• Recognise common risk management tools and techniques
• Prepare confidently for the M_o_R Foundation Version 3 examination
Please note: the following M_o_R examination process will apply to every course:
• All M_o_R examinations are arranged and administered online directly by PeopleCert.
• Delegates will be provided with a PeopleCert examination voucher for each examination. The Foundation examination voucher includes access to the official PRINCE2 Risk Management Version 3 digital manual, formerly known as the M_o_R Version 3 manual.
• On receipt of the voucher code, delegates should create or log in to their candidate profile on the PeopleCert website to redeem the voucher and access the official digital manual.
This accredited Management of Risk (M_o_R) training course includes the official digital manual and benefits from our Exam Pass Guarantee.
The Management of Risk Foundation and Practitioner (M_o_R®) Version 3 course, now presented by PeopleCert as PRINCE2® Risk Management Foundation and Practitioner (Version 3), is provided by Aims4change, an ATO/Affiliate of PeopleCert. M_o_R® and PRINCE2® are registered trade marks of PeopleCert Group. Used under licence from PeopleCert. All rights reserved.
Day 1 – Introduction and M_o_R Principles
• Introduction to risk and risk management
• The purpose and benefits of M_o_R
• Risk management terminology and key concepts
• Threats, opportunities and uncertainty
• The relationship between risk management and corporate governance
• The four elements of the M_o_R framework
• Introduction to the eight M_o_R principles
• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision-making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value
Day 2 – M_o_R Approach and Processes
• Developing an effective risk management approach
• Risk management policy
• Risk management process guide
• Risk management strategy
• Risk registers and supporting records
• Roles, responsibilities and accountability
• Risk appetite, risk tolerance and risk capacity
• Introduction to the M_o_R process cycle
• Identify – context and risks
• Assess – estimate and evaluate
• Plan appropriate risk responses
• Implement risk responses
• Communication throughout the risk management process
Day 3 – Embedding, Reviewing and Foundation Preparation
• Embedding risk management within the organisation
• Developing a risk-aware organisational culture
• Integrating risk management into decision-making
• Reviewing the effectiveness of risk management
• Risk management health checks
• Maturity models and continual improvement
• Common risk management tools and techniques
• Risk specialisms and different risk perspectives
• Applying M_o_R across projects, programmes, portfolios and operations
• Foundation examination guidance and sample questions
• Foundation examination preparation
• Online Foundation examination arranged through PeopleCert
Day 1 – Introduction and M_o_R Principles
• Introduction to risk and risk management
• The purpose and benefits of M_o_R
• Risk management terminology and key concepts
• Threats, opportunities and uncertainty
• The relationship between risk management and corporate governance
• The four elements of the M_o_R framework
• Introduction to the eight M_o_R principles
• Aligns with objectives
• Fits the context
• Engages stakeholders
• Provides clear guidance
• Informs decision-making
• Facilitates continual improvement
• Creates a supportive culture
• Achieves measurable value
Day 2 – M_o_R Approach and Processes
• Developing an effective risk management approach
• Risk management policy
• Risk management process guide
• Risk management strategy
• Risk registers and supporting records
• Roles, responsibilities and accountability
• Risk appetite, risk tolerance and risk capacity
• Introduction to the M_o_R process cycle
• Identify – context and risks
• Assess – estimate and evaluate
• Plan appropriate risk responses
• Implement risk responses
• Communication throughout the risk management process
Day 3 – Embedding, Reviewing and Foundation Preparation
• Embedding risk management within the organisation
• Developing a risk-aware organisational culture
• Integrating risk management into decision-making
• Reviewing the effectiveness of risk management
• Risk management health checks
• Maturity models and continual improvement
• Common risk management tools and techniques
• Risk specialisms and different risk perspectives
• Applying M_o_R across projects, programmes, portfolios and operations
• Foundation examination guidance and sample questions
• Foundation examination preparation
• Online Foundation examination arranged through PeopleCert
• Exam duration: 60 minutes
• 75 multiple-choice questions
• Five questions are trial questions and do not contribute to the final result
• 70 questions contribute to the final result
• Passing score: 35 out of 70 marks (50%)
• Closed-book examination – no reference materials are permitted during the examination
• Exam duration: 60 minutes
• 75 multiple-choice questions
• Five questions are trial questions and do not contribute to the final result
• 70 questions contribute to the final result
• Passing score: 35 out of 70 marks (50%)
• Closed-book examination – no reference materials are permitted during the examination
- Three days of Foundation training and examination preparation delivered by an accredited risk management trainer
- Comprehensive course notes, presentation slides and supporting learning materials
- Sample Foundation examination questions
- Official PRINCE2 Risk Management Version 3 digital manual
- M_o_R Foundation Version 3 examination voucher
- Exam Pass Guarantee – if you do not pass an examination after attending the course, you can attend the relevant training again at no additional cost. You will only need to pay the examination fee charged by the examination institute.
- NILC course completion certificate
- Official Foundation certification upon successful completion of the respective examination
Please note: examination vouchers are normally valid for 12 months from the date of issue. Learners funded through certain funding schemes may be required to sit their examinations sooner to comply with funding requirements.
- Three days of Foundation training and examination preparation delivered by an accredited risk management trainer
- Comprehensive course notes, presentation slides and supporting learning materials
- Sample Foundation examination questions
- Official PRINCE2 Risk Management Version 3 digital manual
- M_o_R Foundation Version 3 examination voucher
- Exam Pass Guarantee – if you do not pass an examination after attending the course, you can attend the relevant training again at no additional cost. You will only need to pay the examination fee charged by the examination institute.
- NILC course completion certificate
- Official Foundation certification upon successful completion of the respective examination
Please note: examination vouchers are normally valid for 12 months from the date of issue. Learners funded through certain funding schemes may be required to sit their examinations sooner to comply with funding requirements.
There are no formal prerequisites for attending the M_o_R Foundation Version 3 course.
However, delegates will benefit from some experience in projects, programmes, portfolios, operational management, governance, organisational change, or risk management.
Delegates must complete the pre-course learning provided before attending the course. Additional self-study and examination preparation may also be expected during the evenings of each training day.
The M_o_R Foundation Version 3 certification is required before progressing to the M_o_R Practitioner Version 3 course and examination.
There are no formal prerequisites for attending the M_o_R Foundation Version 3 course.
However, delegates will benefit from some experience in projects, programmes, portfolios, operational management, governance, organisational change, or risk management.
Delegates must complete the pre-course learning provided before attending the course. Additional self-study and examination preparation may also be expected during the evenings of each training day.
The M_o_R Foundation Version 3 certification is required before progressing to the M_o_R Practitioner Version 3 course and examination.
Who is the M_o_R Foundation course suitable for?
The course is suitable for risk professionals, project and programme managers, PMO professionals, operational managers, Product Managers, change professionals and anyone involved in organisational governance or decision-making.
It is particularly useful for professionals who identify, assess or respond to risks or who want to help their organisation develop a consistent and effective risk-management approach.
Are there any prerequisites for M_o_R Foundation?
No. There are no formal prerequisites for the M_o_R Foundation course.
Previous experience of working in a project, programme, operational or organisational change environment may be helpful, but it is not essential. The course introduces the core M_o_R terminology, principles, perspectives and processes required for the Foundation examination.
What is M_o_R 3rd Edition?
M_o_R 3rd Edition is a best-practice framework for identifying, assessing and controlling risk across an organisation.
It provides principles, an organisational approach, processes and practical techniques that help organisations make informed decisions, support corporate governance and manage uncertainty effectively.
Who is the M_o_R Foundation course suitable for?
The course is suitable for risk professionals, project and programme managers, PMO professionals, operational managers, Product Managers, change professionals and anyone involved in organisational governance or decision-making.
It is particularly useful for professionals who identify, assess or respond to risks or who want to help their organisation develop a consistent and effective risk-management approach.
Are there any prerequisites for M_o_R Foundation?
No. There are no formal prerequisites for the M_o_R Foundation course.
Previous experience of working in a project, programme, operational or organisational change environment may be helpful, but it is not essential. The course introduces the core M_o_R terminology, principles, perspectives and processes required for the Foundation examination.
What is M_o_R 3rd Edition?
M_o_R 3rd Edition is a best-practice framework for identifying, assessing and controlling risk across an organisation.
It provides principles, an organisational approach, processes and practical techniques that help organisations make informed decisions, support corporate governance and manage uncertainty effectively.
Dates & Prices
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How we deliver our courses
Virtual
Our virtual courses allow you to access live instructor-led training from the same expert instructors that deliver our classroom courses, without leaving the comfort of your home or office. All virtual courses are fully interactive, and learners can communicate with their trainer and peers at any time.
Many of our virtual courses are also recorded, so you can recap over the content you learnt as many time as you wish.
Classroom
Our classroom courses allow you to learn and interact face-to-face with our expert instructors in a comfortable and modern training environment. All of our classroom based courses take place at NILC centers, or high quality training facilities, and include all required IT and physical equipment.
We also limit our class sizes to help promote better discussions and to ensure your learning experience is comfortable as possible.
Onsite
Save time and hassle by arranging for one of our expert instructors to come to you. Our onsite courses allow you to learn in a location of your choosing, and you can train as many or as few people as you want – from a single person or team to whole departments. We can also fully customize the course content to the specific requirements of your business or project.
We offer onsite courses throughout the UK and it can be a great team building opportunity for colleagues to come together, bond and discuss.
Online
Our Online Self Paced courses allow you to learn new skills from our expert instructors, in your own time and at your own pace. Our flexible online learning platform allows you to access content on your computer, tablet or mobile device, whether you’re on the move or at home. All our online courses come with immediate access and you can start learning straight away, from any internet enabled compatible device.
We also offer online email support from our expert instructors, so they’re always on hand and happy to help you with any questions which may arise.
Why choose NILC for your training?
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UK-Based Trainers with Real-World Industry Experience
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Frequently Asked Questions
The course is suitable for risk professionals, project and programme managers, PMO professionals, operational managers, Product Managers, change professionals and anyone involved in organisational governance or decision-making.
It is particularly useful for professionals who identify, assess or respond to risks or who want to help their organisation develop a consistent and effective risk-management approach.
No. There are no formal prerequisites for the M_o_R Foundation course.
Previous experience of working in a project, programme, operational or organisational change environment may be helpful, but it is not essential. The course introduces the core M_o_R terminology, principles, perspectives and processes required for the Foundation examination.
M_o_R 3rd Edition is a best-practice framework for identifying, assessing and controlling risk across an organisation.
It provides principles, an organisational approach, processes and practical techniques that help organisations make informed decisions, support corporate governance and manage uncertainty effectively.
You will learn the purpose of risk management, key M_o_R concepts and definitions and how risk management supports corporate governance.
The course also covers the eight M_o_R principles, the organisational approach to managing risk, the four perspectives, the risk-management process and practical techniques for identifying, assessing and responding to risks.
M_o_R 3rd Edition considers risk management from four organisational perspectives:
- Strategic
- Programme
- Project
- Operational
Each perspective involves different objectives, stakeholders and decisions. Understanding all four helps an organisation establish a coordinated approach to managing risk at every level.
You will learn the main stages of the M_o_R risk-management process:
- Identify
- Assess
- Plan
- Implement
Communication operates throughout the process, helping stakeholders understand risks, decisions, responsibilities and planned responses.
The examination lasts 60 minutes and contains 75 multiple-choice questions. Five are trial questions that do not contribute to your result, leaving 70 marks available.
You must achieve at least 35 marks out of 70, equivalent to 50%, to pass. The examination is closed-book, so reference materials cannot be used.
The course includes three days of training and exam preparation, course notes, presentation slides, diagrams, sample examination papers and the M_o_R Foundation examination.
The PeopleCert Foundation exam package also provides access to the official M_o_R 3rd Edition e-book. Recordings of each training day are included with live virtual courses.
Yes. After successfully completing M_o_R Foundation, 3rd Edition, you can progress to M_o_R Practitioner, 3rd Edition.
Practitioner develops your ability to apply and tailor the M_o_R framework in realistic organisational situations. The Foundation qualification is a mandatory prerequisite for the 3rd Edition Practitioner examination.
Frequently Asked Questions
The course is suitable for risk professionals, project and programme managers, PMO professionals, operational managers, Product Managers, change professionals and anyone involved in organisational governance or decision-making.
It is particularly useful for professionals who identify, assess or respond to risks or who want to help their organisation develop a consistent and effective risk-management approach.
No. There are no formal prerequisites for the M_o_R Foundation course.
Previous experience of working in a project, programme, operational or organisational change environment may be helpful, but it is not essential. The course introduces the core M_o_R terminology, principles, perspectives and processes required for the Foundation examination.
M_o_R 3rd Edition is a best-practice framework for identifying, assessing and controlling risk across an organisation.
It provides principles, an organisational approach, processes and practical techniques that help organisations make informed decisions, support corporate governance and manage uncertainty effectively.
You will learn the purpose of risk management, key M_o_R concepts and definitions and how risk management supports corporate governance.
The course also covers the eight M_o_R principles, the organisational approach to managing risk, the four perspectives, the risk-management process and practical techniques for identifying, assessing and responding to risks.
M_o_R 3rd Edition considers risk management from four organisational perspectives:
- Strategic
- Programme
- Project
- Operational
Each perspective involves different objectives, stakeholders and decisions. Understanding all four helps an organisation establish a coordinated approach to managing risk at every level.
You will learn the main stages of the M_o_R risk-management process:
- Identify
- Assess
- Plan
- Implement
Communication operates throughout the process, helping stakeholders understand risks, decisions, responsibilities and planned responses.
The examination lasts 60 minutes and contains 75 multiple-choice questions. Five are trial questions that do not contribute to your result, leaving 70 marks available.
You must achieve at least 35 marks out of 70, equivalent to 50%, to pass. The examination is closed-book, so reference materials cannot be used.
The course includes three days of training and exam preparation, course notes, presentation slides, diagrams, sample examination papers and the M_o_R Foundation examination.
The PeopleCert Foundation exam package also provides access to the official M_o_R 3rd Edition e-book. Recordings of each training day are included with live virtual courses.
Yes. After successfully completing M_o_R Foundation, 3rd Edition, you can progress to M_o_R Practitioner, 3rd Edition.
Practitioner develops your ability to apply and tailor the M_o_R framework in realistic organisational situations. The Foundation qualification is a mandatory prerequisite for the 3rd Edition Practitioner examination.
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