Risk Management, Control & Compliance (Corporate Governance)

An Intensive 5-Day Training Course

Risk Management, Control & Compliance (Corporate Governance)

Minimising Risk and Exercising Internal Control

Scheduled Dates

16 - 20 Oct 2023 Vienna - Austria $5,950
06 - 10 Nov 2023 Amsterdam - The Netherlands $5,950
18 - 22 Dec 2023 London - UK $5,950
17 - 21 Jun 2024 London - UK $5,950
04 - 08 Nov 2024 Amsterdam - The Netherlands $5,950
16 - 20 Dec 2024 London - UK $5,950
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Why Choose this Training Course?

Why Choose this Training Course?

This PetroKnowledge “Risk Management, Control and Compliance” training course will enable you to deal with one of the most difficult challenges in 21st century management.

Evaluating the range of available risk management techniques and choosing the most appropriate action in each case are increasingly significant elements of managerial responsibility in today’s business environment.  We cannot eliminate risk entirely, but our challenge is to identify the right risk to take and to minimise its potential negative impact.  The training course will show you how to analyse and minimise risk; turn risk into opportunity; and manage uncertainty. 

This PetroKnowledge training course is structured around the ISO 31000:2018 framework, principles and processes. It will also demonstrate how to develop internal control mechanisms and explain how to measure risk in terms of probability and potential impact, at the same time as ensuring that the organisation complies with increasingly strict international standards of corporate governance.

This PetroKnowledge training course will highlight:

  • The knowledge to identify, analyse, evaluate, treat, monitor and control risks
  • An overview of leading-edge tools and techniques used in risk management
  • Insights into the fundamentals and role of risk management
  • Effective risk management procedures based on ISO 31000:2018
  • Increasing confidence in managing risk and exercising internal control

What are the Goals?

What are the Goals? 

At the end of this course participants will be able to:

  • Understand risk management and its application within an organisation
  • Identify, evaluate and control risk in strategy and operations of your organisation
  • Design and implement an effective risk management process
  • Ensure that your organisation can meet the rising standards of corporate governance
  • Communicate the characteristics of effective risk management to your teams

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge Risk Management, Control and Compliance training seminar is potentially of great value to a wide range of managers who are responsible for evaluating issues that affect decisions on risk and the challenges of keeping control of increasingly complex businesses. The following would benefit from this PetroKnowledge training:

  • Strategic and Operational Planners
  • Financial Managers
  • Human Resource Specialists
  • Systems and Process Design Specialists
  • Marketing and Commercial Managers


How will this Training Course be Presented?

How will this Training Course be Presented?

This PetroKnowledge training course uses a range of proven advanced learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes group discussions, facilitated case studies, presentations and team-based exercises.  It will also include case examples of situations in which the course leader has been personally involved.  Each session allows you to develop your skills and then to work out now to apply them in your organisation to:

  • Increase the effectiveness of your current approach
  • Prepare your plans for further development of these important managerial activities

Organisational Impact

In sending delegates to this PetroKnowledge training course, the organisation will gain the following benefits.

  • Realistic perspectives on business prospects
  • Risk-adjusted evaluations of development opportunities
  • Improved feasibility analysis of proposed new projects
  • Improved performance in strategic and operational management
  • Closer match of programme/project objectives and outcomes
  • Guaranteed compliance with rising standards of corporate governance

Personal Impact

In attending this PetroKnowledge training course, individual delegates will enhance the following skills:

  • Incorporating risk analysis in all decisions
  • Keeping projects under control against objectives and outcomes
  • Applying risk-adjusted calculations of business potential
  • Reducing the failure rate of high-risk projects
  • Contributing to continuous improvement of risk, control and compliance processes
  • Involving all team members in identifying and minimising risk

Daily Agenda

Day One: Understanding Risk Management – Context and Application

  • Creating a robust strategy – the foundation of your business
  • Understanding the difference between strategic and operational risk
  • Risk and uncertainty: the difference between the two terms
  • Risk aversion and risk tolerance – project selection and prioristisation
  • Using quantitative and qualitative techniques in assessing risk
  • The concept of the risk management cycle and how this works

Day Two: Identifying and Evaluating Risk

  • The principal drivers of risk in contemporary business
  • Assessing most significant categories of risk for business
  • Global processes, guidelines and standards in risk assessment
  • The relevance of ISO and the professional institutions
  • Application of the main tools and techniques in managing risk and uncertainty
  • Optimising a risk management process

Day Three: Understanding and Managing Specific Types of Risk (I)

  • Strategic risk – deciding on the programme/project mix
  • Incorporating risk analysis into business development decisions
  • Contingency planning and understanding risk exposure
  • Operational risk – coping with variance and divergence from plan
  • Managing complexity in contemporary business structures
  • Managing risk associated with alliances and joint ventures

Day Four: Understanding and Managing Specific Types of Risk (II)

  • Financial risk – capital market dynamics, exchange rate exposure
  • Risks associated with different forms of corporate capital structure
  • Risks associated with management of cash flow/credit
  • Legal risk – the requirements of corporate governance
  • Risks associated with intellectual property law
  • Product liability/litigation/reputational risk

Day Five: Embedding Risk Management into the Corporate Culture

  • Latest developments in the field of risk management
  • A structured approach to implementing risk management
  • Designing/developing a risk management process for your own organisation
  • Implementing and embedding a risk management culture in your organisation


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Visit Website ›

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

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.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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