PRINCE2 Foundation - Module 6

About PRINCE2 Foundation - Module 6

You will learn:

  • the purpose of the risk practice
  • key concepts related to risk
  • risk planning, risk analysis and risk control
  • the recommended risk management procedure
  • the purpose of the risk management approach and the risk register

Module Content

Video lesson

The Risk Practice. In this module you will explore and understand the purpose of the risk practise and of the risk budget. You'll understand the key concepts related to risk and the recommended risk management procedure. You will understand the risk management approach and risk register purpose. In lesson 1, you will understand the purpose of the risk practise as well as the differences between threats and opportunities, then go on to look at the differences between uncertainty and the use of standards

Video lesson

Risk guidance and concepts. Examine effective risk management guidance along with the risk concepts and definitions

Video lesson

Risk Planning and Analysis. Learn examples of both threat and opportunity risks, how to carry out risk analysis, use of the risk matrix and the definition of residual and secondary risks

Video lesson

Risk Control Responses Part 1. There are various responses that can be used to manage risks, and in this first session we will look at avoiding, reducing transferring, and sharing the risk

Video lesson

Risk Control Responses Part 2. In this second part you will learn the acceptance response and the prepare contingent plans response

Video lesson

Risk Roles, Culture and Bias. Learn how to define the responsibilities for the risk owner and the risk action owner, going on to define the risk budget, risk culture, and risk and response biases

Video lesson

The Risk Management Technique Part 1. Here, you will examine the define context and objective step identify threats and opportunities and assess and prioritise risks

Video lesson

Risk Management Technique Part 2. You will grasp the risk planning step, how to implement it, out of communicate it, and finish off with looking at the use of data

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Risk Practice Principles. Learn the seven PRINCE2principles and how they apply to the risk practice, first by examining how each can be achieved and then the results obtained

Video lesson

The Risk Practice documents. Grasp the structure and content of the Risk management approach and the risk register

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