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Overview
This course gives you a clear understanding of project risk management so you can contribute effectively to risk activities and prepare for the APM Project Risk Management Level 1 exam.
What you will gain
- Understand key concepts and terms in project risk management
- Recognise the benefits and challenges of managing risk
- Learn the phases of a structured risk management process
- Know the main roles, documents, and controls in risk management
- Become familiar with common risk identification and assessment techniques
Who this course is for
- Project managers, team members, and PMO staff
- Professionals involved in identifying or managing project risks
- Those with APM PMQ or equivalent project management knowledge
- Anyone seeking the APM Project Risk Management Level 1 certificate
Benefits
Recognised qualification
Gain an APM certificate that shows you understand project risk management fundamentals.
Stronger risk awareness
Learn to spot potential threats and opportunities before they impact your project.
Practical risk process
Understand each phase of a structured risk management process you can apply at work.
Clear roles and responsibilities
See how sponsors, project managers, risk owners, and others contribute to managing risk.
Better decision-making
Use simple qualitative and quantitative techniques to support informed project decisions.
Career development
Strengthen your profile with specialist risk knowledge valued across project-based roles.
Delivery
This course is delivered as live online instructor-led training. You’ll join scheduled virtual classes led by an experienced tutor, with opportunities to ask questions and work through examples together.
Delivery
Duration
Trainer interaction
Start date
Exam
Materials
Access
Learning experience
Course
The APM Project Risk Management Level 1 course focuses on the knowledge you need to understand project risk management and play an active part in risk workshops, reviews, and reporting.
Understand core concepts
Grasp key definitions such as project risk, risk event, threat, and opportunity.
Recognise benefits of risk management
Explain how systematic risk management supports better project outcomes.
Follow a structured risk process
Understand the main phases of the PRAM process, from initiation to response planning.
Know roles and documentation
Describe the purpose of risk management plans, registers, reports, and key roles.
Appreciate human behaviour in risk
Recognise how attitudes, bias, and group dynamics can influence risk decisions.
Use common risk techniques
Show awareness of standard identification, assessment, and response techniques.
Curriculum
The course content is aligned with the APM Project Risk Management Single Subject Certificate – Level 1 syllabus and covers the following topics.
- General concepts of project risk management
- Benefits of project risk management
- Principles of risk as threat and opportunity
- Risk management process and PRAM phases
- Initiate phase – objectives, scope, and stakeholders
- Organisation and control of risk management
- Behaviour and risk attitude
- Application of risk management in organisations
- Risk identification techniques
- Qualitative risk assessment
- Quantitative risk assessment (awareness)
- Risk response techniques
Full curriculum details
General concepts of project risk management
- Definitions of project risk, risk event, and project risk management
- Background and purpose of managing risk on projects
Benefits of project risk management
- Hard and soft benefits of applying risk management
- Typical threats to effective risk management in organisations
Principles of risk as threat and opportunity
- Difference between threats and opportunities
- How both can affect project objectives
Risk management process and PRAM phases
- Overview of the PRAM process lifecycle
- Initiate, identify, assess, and plan responses to risks
Initiate phase – objectives, scope, and stakeholders
- Defining project objectives, scope, and success criteria
- Understanding stakeholders and stakeholder analysis
Organisation and control of risk management
- Purpose of a risk management plan
- Roles and responsibilities in the risk process
- Risk registers, risk reports, reviews, and contingency reserves
Behaviour and risk attitude
- Individual risk attitudes and the risk attitude spectrum
- Situational factors, heuristics, and emotions influencing judgement
- Group effects such as groupthink and cultural factors
Application of risk management in organisations
- Introducing formal risk management into an organisation
- Steps to gain buy-in for risk management practices
Risk identification techniques
- Awareness of techniques such as assumptions analysis, checklists, prompt lists, brainstorming, interviews, SWOT, and Delphi
Qualitative risk assessment
- Purposes of qualitative assessment
- Prioritising risks by probability, impact, and proximity
- Structured risk descriptions (cause–risk–effect)
Quantitative risk assessment (awareness)
- High-level awareness of common quantitative techniques
- Key concepts such as probability distributions and expected value
Risk response techniques
- Responses to threats: avoid, reduce, fallback, share, accept
- Responses to opportunities: exploit, enhance, share, accept
Read more
Exam & certification
What to expect from the APM Risk Management Level 1 exam and how we help you pass.
- Format: Multiple choice (objective test)
- Questions: 60
- Pass mark: 60% (36/60)
- Duration: 60 minutes
- Materials: Closed book
- Prerequisites: None
- Results: 5 business days
- Exam access: Online
Your path to success
Learn
Build solid risk management knowledge through structured online teaching.
Practice
Reinforce learning with examples, questions, and tutor-led discussions.
Pass
Approach the APM level 1 exam confidently with a clear understanding of key topics.
99% pass rate
Our students consistently achieve top results - well above the national average.
Reviews & success stories
Knowledge Train by numbers
25,000+
learners trained across the UK and beyond
20+
years delivering accredited project management training
4.9/5
average rating based on thousands of verified reviews
95%
of customers recommend our courses
15+
years of e-learning design expertise
30+
accredited trainers with 450+ years of combined experience
Trusted by professionals at
FAQs
Do I need any previous experience or prerequisites to study the APM Project Risk Management course?
The APM Project Risk Management Level 1 course has no formal prerequisites, so you can enrol without holding any prior qualifications or project management experience.
The course is accredited by the Association for Project Management (APM), the chartered body for the project profession in the UK, and the qualification is designed to be accessible to a wide range of professionals. That said, the course is most suited to those who already work in or around projects, because the concepts and techniques covered will be easier to contextualise with some workplace exposure.
The APM Project Risk Management Level 1 course is particularly well matched to:
- Project managers and team members who want to formalise their understanding of risk
- PMO staff responsible for supporting or overseeing risk processes
- Professionals involved in identifying or managing project risks in any capacity
- Those who already hold the APM Project Management Qualification (PMQ) or an equivalent qualification and want to build specialist risk knowledge
If you are entirely new to project management, completing the APM Project Fundamentals Qualification (PFQ) or the APM PMQ beforehand would give you a useful grounding before studying risk at this level, even though it is not a requirement.
The exam – a 60-minute, closed-book multiple choice test – does not require any experience to sit, but practical familiarity with projects will help you apply the learning effectively.
What is the format of the APM Project Risk Management Level 1 exam and how do I sit it?
The APM Project Risk Management Level 1 exam is taken online and is included as part of the Knowledge Train instructor-led course, so no separate booking is required.
Exam format at a glance
- Format: Multiple choice (objective test)
- Number of questions: 60
- Pass mark: 60% (36 out of 60 correct answers)
- Duration: 60 minutes
- Open or closed book: Closed book – no reference materials permitted during the exam
- Access: Online
- Results: Issued within 5 business days
- Prerequisites: None formally required
How preparation is built into the course
The two-day instructor-led course covers the full APM Project Risk Management Level 1 syllabus, including risk concepts, the PRAM (Project Risk Analysis and Management) process, risk identification and assessment techniques, and risk response strategies. Official study materials and sample papers are included, giving candidates realistic practice before sitting the exam.
Tutor support is also available by email for up to three months after the course ends, which can be useful if a candidate needs time before scheduling their exam sitting.
When will I receive my APM Project Risk Management exam results and certificate?
Candidates receive their APM Project Risk Management Level 1 exam result immediately after completing the online multiple-choice exam, with the official PDF certificate typically arriving by email within 4 to 5 days, though the formal processing window is up to 2 weeks.
Here is a summary of the results and certification timeline:
- Immediate result: Your pass or fail outcome is displayed on screen as soon as you finish the 60-minute, 60-question exam.
- PDF certificate by email: Most candidates receive their official APM certificate within 4 to 5 days of sitting the exam.
- Maximum processing time: The formal window for receiving the official result and PDF certificate is up to 2 weeks.
The exam is taken online and is closed book, with a pass mark of 60% (36 out of 60 questions). Because the result is available immediately, candidates do not need to wait before knowing whether they have achieved the APM Project Risk Management Level 1 qualification.
The APM Project Risk Management Level 1 certificate is awarded by the Association for Project Management (APM), the chartered body for the project profession in the UK. The qualification is relevant for project managers, risk owners, and PMO staff who want formal recognition of their risk management knowledge.
Is APM Project Risk Management 1 hard to pass?
The APM Project Risk Management Level 1 exam is considered manageable for most candidates who prepare with a structured course, and Knowledge Train reports a 99% pass rate among its learners.
The exam itself is a 60-minute, closed-book, multiple-choice test with 60 questions. Candidates need to score at least 60% (36 out of 60 correct answers) to pass. There are no formal prerequisites, which reflects the fact that the qualification is pitched at an introductory to intermediate level, covering core concepts such as risk identification, qualitative and quantitative assessment, and response techniques drawn from the APM PRAM (Project Risk Analysis and Management) process.
Factors that influence difficulty include:
- Familiarity with project management terminology – candidates with APM PMQ experience or equivalent project management knowledge typically find the content easier to absorb.
- Exam technique – the closed-book, timed format rewards clear understanding over rote memorisation, so practising with sample papers is strongly recommended.
- Course preparation – the APM Project Risk Management Level 1 course is delivered over two days and includes the official APM guide, sample papers, and live Q&A with an accredited trainer, all of which support exam readiness.
Candidates who do not pass on their first attempt can resit, though an additional resit fee applies.
Can I retake the APM Project Risk Management 1 exam if I fail, and does it cost extra?
Yes, you can resit the APM Project Risk Management Level 1 exam if you do not pass, but an additional exam resit fee applies.
The exam itself is a 60-minute, closed-book, multiple-choice test with 60 questions. The pass mark is 60%, meaning you need to answer at least 36 questions correctly. Candidates receive their result immediately after completing the online exam, so you will know straight away whether a resit is needed.
A few practical points to be aware of:
- Resit fee: Students who fail and wish to resit must pay an additional exam fee. This is separate from the original course fee.
- First-attempt pass rate: Knowledge Train reports a 99% pass rate for this course, so the majority of candidates pass at the first attempt.
- Official certificate: Whether you pass at the first attempt or after a resit, your official APM PDF certificate is issued within approximately two weeks, though most candidates receive it within four to five days.
- Post-course support: Tutor support is available by email for up to three months after the course ends, which can be useful if you are preparing for a resit.
The Association for Project Management (APM) is the chartered body for the project profession in the UK, so the APM Project Risk Management Level 1 certificate carries recognised professional standing.
Still have questions? Contact us by phone on 0207 148 5985, via live chat, email, or by completing the form below.
How to find us
Knowledge Train
20 Old Bailey, London, EC4M 7AN,
England, United Kingdom.
Call +44 (0)207 148 5985
Opening hours
Monday to Friday – 09:00 to 17:15