Name: Project Portfolio & Risk Management Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

13 - 24 Jul 2026

Dubai - UAE

$11,900

16 - 27 Nov 2026

London - UK

$11,900

25 Jan - 05 Feb 2027

Dubai - UAE

$11,900

12 - 23 Jul 2027

Dubai - UAE

$11,900

15 - 26 Nov 2027

London - UK

$11,900

Why Choose this Training Course?

Achieving successful project delivery and maintaining a high-performing project portfolio depend on two essential capabilities — the ability to identify, evaluate, and manage risk effectively, and the ability to make strategically aligned portfolio investment decisions that maximise organisational value. In reality, these disciplines are closely interconnected. Ineffective risk management can negatively impact portfolio performance, while weak portfolio governance can magnify risk exposure across the entire portfolio landscape. Organisations that successfully integrate both disciplines into a unified management approach consistently achieve stronger project performance, improved returns on investment, and more sustainable organisational transformation.

This Project Portfolio & Risk Management training course is designed to provide participants with this integrated capability. Built around internationally recognised project management and portfolio governance standards, the training course equips professionals with practical tools, techniques, and analytical frameworks to manage project risks throughout the full lifecycle while also governing, selecting, and delivering strategically aligned portfolios.

Participants will progress from risk planning and identification through qualitative and quantitative risk assessment, response development, and control mechanisms before advancing into portfolio management principles, governance frameworks, investment decision-making, and delivery cycle management. The result is a comprehensive and highly practical professional capability covering both project risk and portfolio governance disciplines.

This Project Portfolio & Risk Management training course will highlight:

A structured methodology for project risk management, from planning and identification to analysis, response development, and control
Practical risk assessment tools including Bow-Tie analysis, Monte Carlo simulation, probability/impact matrices, and decision tree analysis
Portfolio management principles, governance structures, and lifecycle frameworks, including the distinctions between portfolio, programme, and project management
Techniques for establishing and sustaining a portfolio management framework aligned with strategic and operational objectives
Portfolio risk and return analysis, investment prioritisation criteria, and practical portfolio definition and delivery methodologies
Roles, documentation, and decision-making practices required for enterprise-level portfolio and risk management

This 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 Modules I, and II back-to-back as a 2-week training course.

What are the Goals?

By the end of this Project Portfolio & Risk Management training course, participants will be able to:

Identify, assess, prioritise, and analyse project risks using both qualitative and quantitative methodologies across multiple industries and project environments
Develop and implement practical risk response strategies addressing both threats and opportunities within defined project boundaries
Differentiate between portfolio, programme, and project management while applying the correct governance approaches to each environment
Design and adapt portfolio management frameworks, including definition and delivery cycles, to support varying organisational objectives
Evaluate portfolio risk and return characteristics while applying effective investment selection and prioritisation techniques
Assess portfolio management effectiveness, identify sustainability factors, and evaluate portfolio management maturity levels

Who is this Training Course for?

This Project Portfolio & Risk Management training course is designed for professionals involved in project delivery, risk management, portfolio governance, or strategic investment oversight at any organisational level. It is equally valuable for operational project professionals seeking stronger risk management expertise and senior decision-makers responsible for portfolio investment governance.

This training course is suitable for a wide range of professionals but will greatly benefit:

Project managers, programme directors, and project engineers responsible for project delivery and risk management
Portfolio managers, PMO leaders, and business transformation managers overseeing portfolio governance and strategic investments
Risk managers, quality assurance professionals, and compliance specialists responsible for risk frameworks and controls
Senior responsible owners, directors, and board-level professionals involved in investment decisions and benefits realisation
Business case developers, project evaluators, and consultants supporting portfolio and project governance activities
Contract managers, technical professionals, discipline engineers, and operational specialists impacted by project and portfolio decisions

How will this Training Course be Presented?

This training course is delivered using a structured, competency-focused learning approach that combines conceptual understanding with practical application. Interactive workshops, hands-on risk analysis activities, portfolio scenario simulations, and group-based case study discussions are integrated throughout the training course.
Participants will work with practical project and portfolio examples, applying analytical tools, governance techniques, and decision-making frameworks to realistic business scenarios. The training course develops progressively over ten days, focusing initially on project risk management competencies before advancing into portfolio governance and investment management practices, ensuring both disciplines reinforce one another effectively.

Organisational Impact

Organisations participating in this training course will benefit from:

Improved project delivery performance through stronger and more proactive risk management practices
Enhanced alignment between project investment decisions and organisational strategic objectives
Reduced exposure to project delays, cost overruns, and delivery failures through effective risk response and control frameworks
A stronger and more aligned project management culture using common risk and portfolio management standards and terminology
Improved enterprise risk management capability through integrated portfolio and project risk governance
Better-informed portfolio investment decisions leading to improved organisational value and business transformation outcomes

Personal Impact

Upon completion of this Project Portfolio & Risk Management training course, participants will gain:

Practical capability in applying comprehensive project risk management techniques from identification through control
Greater analytical confidence in differentiating between actual and perceived risks while balancing threats and opportunities
A detailed understanding of portfolio governance principles, portfolio structures, and delivery frameworks applicable across industries
The ability to contribute effectively to portfolio investment decisions, business case development, and portfolio performance reviews
Enhanced professional credibility with senior leadership teams, sponsors, governance boards, and portfolio stakeholders
Access to a professional network of project risk and portfolio management practitioners from multiple sectors and industries

Daily Agenda

Module I: Project Risk Management & Compliance

Day 1: 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 2: 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 3: 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 4: 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 5: 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 II: Portfolio Project Management Professional

Day 6: 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 7: 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 8: 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 9: 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 10: 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.
On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Accreditation

In Association With

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Would an alternative date be more suitable?

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Related Categories

Project Management Risk Management

Project Portfolio & Risk Management

Mastering Risk Identification, Portfolio Decision-Making & Governance Across the Full Project Lifecycle