APM Project Risk Management Level 2 - United Kingdom

APM Project Risk Management Level 2 Certification Outline

Module 1: Introduction

• Definitions
• Background to Project Risk Management

Module 2: Benefits

• Hard Benefits of Project Risk Management
• Soft Benefits of Project Risk Management
• Threats to Effective Risk Management

Module 3: Principles

• Risk as Threat and Opportunity
• Project Risk and Risk Events

Module 4: Process

• Different Phases of the Pram Process
• Scale the Application of Project Risk Management to The Size, Complexity and Stage of the Project
• Initiate

• Identification of Project Objectives, Scope, Stakeholders and Success Criteria

• Identify

• Identification of Risks (A) Identify Risks from a Case Study, in the Form Cause - Risk Event - Effect

• Assess

• Assess Risks Qualitatively and Quantitatively
• Use of Appropriate Probability Distributions
• Prioritisation Of Project Risks

• Plan Responses

• Selection of Appropriate Risk Response Strategies
• Selection of Risk Owners

Module 5: Organisation And Control

• The Risk Management Plan
• Responsibilities of Different Roles in the Risk Management Process
• Control of the Process – Risk Management Plan, Risk Register, Risk Analysis, Risk Status Reports, Risk Reviews, Lessons Learnt
• Project Contingency or Management Reserve
• The Importance of Continued Risk Ownership and Regular Risk Reviews

Module 6: Behaviour

• Human Factors in Risk Management
• Potential Biasing Effect of the Triple Strand of Influences on Risk Attitude

Module 7: Application of Pram

• Introducing Risk Management into an Organisation
• Getting and Maintaining Buy-In to Risk Management

Module 8: Risk Identification Techniques

• Uses and Benefits of Different Risk Identification Techniques
• Qualitative Risk Assessment

• Uses and Benefits of Different Qualitative Risk Assessment Techniques
• Risk Breakdown Structures

• Quantitative Risk Assessment

• Uses and Benefits of Different Quantitative Risk Assessment Techniques
• Use of Probability Distributions Specific to Monte Carlo
• Correlation, Criticality Index, Cruciality
• Statistical Terms
• Net Present Value and Internal Rate of Return

• Risk Response

• Uses of Different Techniques for Responding to Risks

Who Should Attend this APM Project Risk Management Level 2 Certification?

The APM Project Risk Management Level 2 Certification is designed for professionals who manage, lead, or contribute to risk management activities in complex project environments. This course is ideal for:

• Project Managers
• Risk Managers
• Programme Managers
• PMO Analysts
• Engineers involved in risk-intensive projects
• Consultants advising on project risk
• Professionals with APM Risk Level 1 Certification

 Prerequisites of the APM Project Risk Management Level 2 Certification

To attend the APM Project Risk Management Level 2 Certification, delegates must have already completed the APM Risk Level 1 Certificate. Delegates should also have a working knowledge of project risk principles and some hands-on experience with risk identification, assessment, and control processes in project settings.

APM Project Risk Management Level 2 Certification Overview

The APM Project Risk Management Level 2 Certification builds upon the foundational knowledge gained at Level 1 and focuses on the application of advanced risk management techniques in real-world projects. It aligns with the APM’s Risk Management Specific Interest Group (SIG) guidelines and is intended for professionals looking to enhance their practical ability to influence and improve project outcomes through structured risk practices.

This course provides deeper insight into both qualitative and quantitative risk assessment methods. Delegates will explore the development of risk responses, implementation of mitigation strategies, and the integration of risk into project governance frameworks. Special emphasis is placed on team-based approaches, risk roles and responsibilities, and embedding a proactive risk culture.

Delivered by experienced instructors from The Knowledge Academy, the training combines case studies, scenarios, and practical workshops. By the end of the course, delegates will not only be equipped to apply advanced techniques but also to lead risk management activities within their teams and organisations confidently.

Course Objectives:

• To build advanced competence in applying risk management processes across project lifecycles
• To enhance skills in identifying, assessing, and controlling complex project risks
• To improve understanding of quantitative methods such as Monte Carlo simulation and risk modelling
• To prepare delegates for the APM Risk Level 2 exam with confidence
• To support strategic decision-making and project success through effective risk management

Upon completion, delegates will be confident in leading risk workshops, designing mitigation plans, and integrating risk thinking into project delivery strategies. They will also be fully prepared for the APM Level 2 Risk Management examination, further establishing their professional credentials.

What's included in this APM Project Risk Management Level 2 Certification?

• APM Project Risk Management Level 2 Examination
• World-Class Training from Experienced Instructors
• APM Project Risk Management Level 2 Certificate
• Digital Delegate Pack