Course Information

Introduction

This five-day course teaches practical risk management for large, complex projects. It focuses on methods to identify, quantify and control the risks that drive cost and schedule outcomes. Participants practice both qualitative and quantitative tools and learn how to make risk data usable for senior decision makers. The course uses real project examples and hands-on exercises.

Objectives

1. Create and maintain a risk register that links causes, probability, impact, owners and triggers.
2. Perform qualitative risk ranking and run quantitative analyses (including Monte Carlo) to produce probabilistic cost and schedule forecasts.
3. Calculate and defend contingency and management reserve using scenario-based and statistical methods.
4. Design risk responses and contract provisions to mitigate, transfer, accept or exploit risks, and assign accountability for execution.
5. Establish governance, reporting and escalation processes that integrate risk outputs into project controls and executive decision making.

Who Should Attend?

Program managers responsible for large project portfolios.
Project directors and senior project managers on complex capital or transformation programs.
Project controls managers and lead schedulers responsible for cost and schedule forecasting.
Risk managers and risk analysts working on project or portfolio risk.
Commercial and contracts managers who allocate and negotiate risk with suppliers and partners.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Post-assessment
If Applicable:
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Daily Agenda

Daily Schedule (Monday to Friday)
- 09:00 AM – 10:30 AM Technical Session 1
- 10:30 AM – 12:00 PM Technical Session 2
- 12:00 PM – 01:00 PM Technical Session 3
- 01:00 PM – 02:00 PM Lunch Break (If Applicable)
- Participants are expected to engage in guided self-study, reading, or personal reflection on the day’s content. This contributes toward the CPD accreditation and deepens conceptual understanding.
- 02:00 PM – 04:00 PM Self-Study & Reflection

Please Note:
- All training sessions are conducted from Monday to Friday, following the standard working week observed in the United Kingdom and European Union. Saturday and Sunday are official weekends and are not counted as part of the course duration.
- Coffee and refreshments are available on a floating basis throughout the morning. Participants may help themselves at their convenience to ensure an uninterrupted learning experience Provided if applicable and subject to course delivery arrangements.
- Lunch Provided if applicable and subject to course delivery arrangements.