On this Page

Introduction Key Learning Outcomes Training Methodology Who Should Attend? Outline

Introduction

Effective project delivery depends on the ability to identify uncertainty early, evaluate its potential impact, and respond with structured risk management strategies. In both public and private sectors, inadequate risk analysis during project planning and appraisal can result in financial loss, inefficient resource use, and reputational damage.

The Project Risk Management Course focuses on building proactive risk behaviours across the project lifecycle. It equips participants with modern tools for financial and economic project appraisal, enabling informed investment decisions and stronger control of long-term, high-value initiatives. By integrating risk assessment with governance and procurement considerations, this course supports sustainable, value-driven project delivery.

Key focus areas include:

Risk assessment during project planning and appraisal
Identification and classification of key project risk drivers
Selection and application of risk management tools
Use of Public-Private Partnerships as a risk allocation mechanism

Key Learning Outcomes

At the end of this Project Risk Analysis training course, participants will be able to:

Analyse project risk factors within financial and economic appraisal processes
Evaluate key risk categories affecting major capital projects
Apply appropriate risk management tools based on project context
Improve project outcomes through structured risk mitigation planning
Integrate risk assessment into procurement and project governance decisions
Assess the role of PPP structures in managing and allocating project risk

Training Methodology

This Project Risk Management Course follows an interactive, practice-focused learning approach. Participants engage in structured discussions and applied analysis to explore real-world project scenarios, examine the strengths and limitations of risk tools, and translate concepts into practical project risk decisions.

Who Should Attend?

This training course is ideal for professionals seeking to apply the principles of the Project Risk Analysis Course within complex project environments, including:

Project and Programme Managers
Risk Management Professionals
Procurement and Contract Managers
Finance and Investment Analysts
Infrastructure and Capital Project Leaders
Public Sector and PPP Specialists

Course Outline

Day 1

Project Structure Selection

Planning Structures for Delivering Projects
Defining a risk tolerance baseline for all activity, plus incremental procedures for high-value, complex projects
Scaling risk management to the size and complexity of a programme or project
Project structures to address risks from the points of view of:
- Sponsors
- Lenders
- Investors
- Contractors

Concession Contract Models
Foreign Direct Investments
Joint Ventures
Service Outsourcings
Keeping Structures & Financing Flexible to Accommodate Changes

Day 2

Risk Identification & Assessment

Risk Identification
Developing a Risk Matrix with Risk Ratings based on Probability and Impact
Types of Risk
- Hazard Risks
- Financial (business) Risks
- Operational (technical) Risks
- Strategic Risks
- Internal & Finance Risks
- External Risks
Risk Assessment / Analysis
Sensitivity Analysis – (“what if analysis”)
- Identifying Risks
- Identifying the Impacts of Risk
- Estimating the Likelihood of Risks Occurring
- Estimate the Cost of Risk
Risk Response / Mitigation Planning
Monitoring and Communicating Risk

Day 3

Risk Management

Objective of Project Risk Management
Tools and Techniques for Risk Management
- Avoidance – modifying a project plan
- Transference – shifting consequences and responsibilities
- Mitigation – preventative action
- Acceptance – accepting risk outcomes
Limitations of Risk Management
Use of Insurance & External / 3rd Party Mechanisms in Risk Strategies
Constructing a Risk-adjusted Project Cost Model
Using Risk Factors to Test Affordability
The Roles of Incentives, Sanctions and Risk Sharing
Using Project Design, Financial and Organizational Arrangements as Risk Management Tools

Day 4

The PPP Contract Model

The General Principles of How Project Appraisal, Selection, Design and Risk Management ensure more measurable, controllable, successful projects
What are Public-Private Partnerships (PPPs)?
The Dynamics of PPPs & How Key Risk Areas can be Managed
Use of PPPs in Different Sectors and Services
The Roles and Relationships of Public and Private Parties
Principal Ways PPP Contracts Can Be Properly Managed
What are the Lessons for Adopting and/or Adapting PPP Models Across Future Projects?

Day 5

Project Funding Solutions

Embedding Risk Management into Normal Operations
Allotting Appropriate Resources for Risk Management Activities
Integrating Risk Management into Project Protocols and Controls
Risk Management Monitoring and Control throughout the Project Lifecycle to Improve and Guide Risk Management Processes
Evaluating Effectiveness of Risk Response Actions (and making adjustments within the project cycle)
Summaries of Conclusions and Group Discussions