An Intensive 10-day Training Course
Project Portfolio & Risk Management
Scheduled Dates
Classroom
| 14 - 25 Jul 2025 | Dubai - UAE | $11,900 | RESERVE A SEAT |
| 17 - 28 Nov 2025 | London - UK | $11,900 | RESERVE A SEAT |
| 02 - 13 Feb 2026 | Dubai - UAE | $11,900 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
MODULES
This PetroKnowledge training course is split into two modules:
MODULE I - Project Risk Management & Compliance
MODULE II - Portfolio Project Management Professional
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
Daily Agenda
Module 1: Project Risk Management & Compliance
Day One: Risk Management Framework and Planning
- Key Definitions
- The PMBOK® Six Risk Management Processes
- Purpose & Benefits of Risk
- Responsibilities in Project Risk Management
- Integrating Risk Management into the Project Management Process
- Risk Management Planning
- Risk Planning Process
Day Two: Risk Identification Process
- The Effect of Project Macro-Environment on Risk
- The Effect of Project Complexity on Risk
- Risk Identification Techniques
- Managing Risk through Project Estimating
- Managing Risk through Earned Value Management
- Schedule Risk Management – Critical Path Method & PERT
Day Three: Risk Assessment Process
- Qualitative Risk Analysis
- Bow-Tie Risk Analysis Technique
- Probability/Impact Risk Matrix Technique
- Quantitative Risk Analysis
- Monte Carlo Simulation
- Decision Trees and Expected Monetary Value
- Managing Project Risks through Integrity Assurance
Day Four: Risk Response Plan Development
- Risk Prioritisation
- Risk Response Strategy Guidelines
- Response Strategies for Threats & Opportunities
- Response Planning & Analysis
- Alternative Responses
- Risk Response Validation
- Contingency & Management Risk Reserves
Day Five: Risk Response Control
- Resource Management
- Risk Control Guidelines
- Risk Control Inputs
- Risk Control Tools & Techniques
- Risk Control Outputs
- Risk Reporting & Documenting
- Course Summation & Work Session Review
Module 2: Portfolio Project Management Professional
Day Six: Introduction to Portfolio and Portfolio Management
- Key definitions of portfolio and portfolio management
- Portfolio management model
- Relationship between the principles, cycles, practices and relevant techniques
- Differences between portfolios, programmes and projects
- Differences between portfolio, programme and project management
- How local context can affect MoP principles & practices - how to adopt cost effective approaches
- Objectives and benefits of portfolio management
Portfolio Selection & Implementation
- The need for a portfolio approach to investment
- The approaches to implementing relevant portfolio management
- Benefits of assessing the impact of portfolio management
- Factors required to sustain progress
- Approaches to assessing portfolio management maturity
Day Seven: Strategic and Organization Context
- Six key functions/activities that portfolio management needs to coordinate with to achieve strategic objectives
- Identify how portfolio management can:
- Coordinate with all other stratagems to deliver strategic objectives
- Support effective corporate governance
Portfolio Management Governance
- The principles upon which effective portfolio management is based
- Senior management commitment
- Governance alignment
- Strategy alignment
- Portfolio office
- Energized change culture
Day Eight: Portfolio Definition Cycle
- Terms & concepts relating to the portfolio definition cycle
- Three-point estimating and reference class forecasting
- What is involved and the keys to success
Portfolio Risk Management
- Portfolio Risk Management process
- An Enterprise View of Risk & Governance
- Risk Drivers & Metrics
Portfolio Delivery Cycle
- Portfolio delivery practices
- Tried and tested techniques for delivery practice
- What is involved, the main elements, and keys to success
Day Nine: Roles and Documentation
- Purposes and responsibilities of the main portfolio management roles identified in MoP
- Purposes of the main portfolio management documentation
Portfolio Risk & Return
- Return Measures
- Risk Characteristics
Applying the Portfolio Definition Cycle
- Apply and tailor practices and techniques of the portfolio definition cycle to a scenario
- Identify appropriate practices and techniques within the portfolio definition cycle
- Identify, analyze and distinguish between appropriate and inappropriate application of portfolio definition practices and techniques to a scenario
Day Ten: : Portfolio Delivery Cycle Presentation
- Apply and tailor the practices, techniques and responsibilities of the portfolio delivery cycle to a scenario
- Identify appropriate practices and techniques within the portfolio delivery cycle
- Identify, analyze and distinguish between appropriate and inappropriate application of portfolio delivery practices to a scenario
- Analyze whether the approaches adopted are appropriate, with reasons, in a given scenario
- Analyze whether the portfolio documentation is fit for purpose, with reason
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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Frequently Asked Questions
Why PetroKnowledge?
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Who are these training courses designed for?
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
Are the courses delivered online or in person?
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Can I get a customized training course for my team?
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Are there any prerequisites for attending a course?
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
How can I enroll in a course?
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
When should I expect to receive confirmation of registration?
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Will I receive a certificate after completing the course?
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
When and how do I arrange payments?
We offer two convenient payment options:
- Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
- Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.
What is the refund or cancellation policy?
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees. If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
Is there a discount for more than one registrant/course?
For corporate fees and group registration, please send your query to [email protected].
