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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
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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
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