Name: The 10-Day Advanced Project Economics & Risk Management Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

Classroom

07 - 18 Sep 2026

Dubai - UAE

$11,900

09 - 20 Nov 2026

London - UK

$11,900

06 - 17 Sep 2027

Dubai - UAE

$11,900

08 - 19 Nov 2027

London - UK

$11,900

Why Choose this Training Course?

Major capital projects across industries require significant financial investment, disciplined analytical evaluation, and effective management of risk and uncertainty. However, many large-scale projects fail to achieve their intended budgetary, scheduling, or strategic objectives, often due to ineffective decision-making practices during critical stages of the project lifecycle. From investment appraisal and business case preparation to financial modelling, probabilistic forecasting, and return on investment evaluation, the quality of analytical methods applied early in the project has a direct influence on long-term project success.

This 10-Day Advanced Project Economics & Risk Management training course delivers a practical and comprehensive understanding of project economics, financial evaluation, and advanced risk analysis techniques. The training course begins with core concepts such as decision analysis, time value of money, and project cash flow modelling before progressing into advanced topics including capital cost estimation, quantitative and qualitative risk analysis, Monte Carlo simulation, decision tree techniques, and Excel-based probabilistic forecasting.

Participants will gain an integrated and highly practical toolkit that can be immediately applied to evaluate, manage, and optimise complex capital investments across multiple sectors and project environments.

This 10-Day Advanced Project Economics & Risk Management training course will highlight:

The complete capital investment decision-making process from business case development and option evaluation through to profitability analysis and stakeholder communication
Financial analysis tools including NPV, IRR, BCR, and discounted cash flow techniques applied to real operational and capital expenditure scenarios
Practical qualitative and quantitative risk assessment methods including Bow-Tie analysis, Monte Carlo simulation, tornado diagrams, and Expected Monetary Value analysis
Development economics concepts, inflation-adjusted cash flow analysis, probability distributions, and uncertainty modelling
Advanced Excel-based financial modelling techniques using the @Risk add-on for sensitivity analysis, scenario planning, and probabilistic reporting
Decision tree methodologies, ROI evaluation techniques, and structured risk response development for optimising investment decisions

This training course is split into two modules:

Module I - Project Analysis : Tools & Techniques for Managing Risk & Uncertainty
Module II - Advanced Project Economics, Risk & Decision Analysis

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 10-Day Advanced Project Economics & Risk Management training course, participants will be able to:

Apply key engineering economics tools including NPV, IRR, time value of money, and cash flow analysis to evaluate investment alternatives
Develop structured and realistic cash flow projections incorporating both CAPEX and OPEX under uncertain conditions
Identify, assess, and prioritise project risks using both qualitative and quantitative methodologies
Construct and interpret Excel-based financial models incorporating sensitivity analysis, tornado diagrams, and probabilistic profitability indicators using @Risk
Develop risk response strategies that improve return on investment while reducing financial and strategic exposure
Communicate financial evaluations, risk assessments, and investment recommendations clearly to stakeholders and senior management

Who is this Training Course for?

This 10-Day Advanced Project Economics & Risk Management training course is designed for professionals involved in financial evaluation, investment analysis, project economics, and risk management within capital-intensive environments.

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

Project Managers, Programme Directors, and Project Engineers
Planning Managers, Cost Engineers, and Project Control Professionals
Commercial Managers, Economists, and Business Advisors
Asset Managers, Product Managers, and Investment Analysts
Government and Public Sector Professionals responsible for infrastructure and capital investment oversight
Financial Analysts, Project Consultants, and Risk Specialists supporting investment and project evaluation activities

How will this Training Course be Presented?

This 10-Day Advanced Project Economics & Risk Management training course follows a structured and competency-based approach designed to progressively develop participants’ capabilities in project financial analysis and risk management.
The training course combines formal instruction with practical workshops, Excel modelling exercises, team activities, case studies, and facilitated group discussions. Concepts and analytical methods are introduced progressively, allowing participants from both technical and non-financial backgrounds to build confidence and competence throughout the ten days.
All practical activities are designed around realistic project scenarios to ensure immediate workplace relevance and application.

Organisational Impact

Organisations participating in this 10-Day Advanced Project Economics & Risk Management training course will benefit from:

Improved capital investment decision-making supported by robust financial analysis and quantitative risk evaluation
Enhanced capability to forecast and manage risks that could impact project cost, schedule, and strategic objectives
Reduced exposure to project overruns, delays, and investment underperformance
Stronger workforce capability in building and interpreting probabilistic financial models and sensitivity analyses
Better alignment between investment decisions, organisational risk tolerance, and long-term financial objectives

Increased organisational capability to contribute effectively to enterprise-level project governance and investment oversight

Personal Impact

Upon completion of this 10-Day Advanced Project Economics & Risk Management training course, participants will have developed:

Practical expertise in financial engineering techniques including NPV, IRR, BCR, and discounted cash flow analysis
Hands-on experience using Excel and @Risk for probabilistic modelling, Monte Carlo simulation, sensitivity analysis, and tornado diagrams
Greater confidence in identifying, quantifying, prioritising, and managing project risks using advanced analytical methods
A structured methodology for decision tree analysis, expected monetary value calculations, and ROI evaluation
Enhanced professional credibility with project sponsors, investment committees, and senior leadership teams
Valuable professional networking opportunities with specialists in project economics and risk management from diverse industries

Daily Agenda

Module I: Project Analysis : Tools & Techniques for Managing Risk & Uncertainty

Day 1: Fundamentals of Decision Analysis

Fundamentals of Decision Analysis
- What is Project Management Decision Analysis?
- The Purpose of the Project Business Case
- The need for systematic Risk Management for Decision-Making
- Risk and Uncertainty on projects
- Option analysis
- Identifying key decision-making factors
Measures of Project Profitability
- Fundamental tools of engineering economics
- Time Value of Money
- Appraisal Methods - Discounted Cash Flow Projections
- Time Equivalence

Day 2: Cash-Flow Modelling and Project Decision Analysis

Financial Modelling and Project Evaluation
Rate of Return Computations (IRR)
Determining the Internal Rate of Return (IRR)
The Risk of not understanding IRR
- Analysing Project Specifics
  - Understanding the Project Context to assist in decision-making
  - Determine stakeholders and their level of influence
  - Capture Requirements
  - Determine Scope of work

Day 3: The Cost of Capital

Capital & Operating Expenditures (CAPEX/OPEX)
Estimating the Cost of Capital for a Project
Benefit-Cost Ratio (BCR)
Dis-benefits
- Risk Modelling in practice
  - Identify Risks
  - Forecasting Risk Impacts & Probabilities
  - Opportunity Costs, Sunk Costs & Salvage Value of a Project
  - Determining the Risk Priorities
  - The need for Company Cash Flow

Day 4: Decision Analysis: Expected Value Concept

Basic Probability Concepts
- Fundamental Probability Concepts
- Mutually& Non-Mutually Exclusive, Independent Events
Quantitative Project Risk Analysis
- Semi-Quantitative Bow-Tie Process
- Detailed Risk Quantification and Prioritisation
- Expected Monetary Value
- Scenario Planning
Sensitivity Analysis Tools
- Simulation Process
- Tornado Diagram
- Defining the Variables - PERT

Day 5: Decision Trees, EMV, Risk Responses and ROI

Decision Tree Analysis
- Developing Decision Trees
- Solving Decision Trees
Risk Responses
- Developing Risk Responses
- Evaluating Response Relevance
ROI Analysis
- Understanding ROI
- Identifying ROI
- Evaluating and Presenting your Project options

Module II: Advanced Project Economics, Risk & Decision Analysis

Day 6: Development Economics

A brief history of energy usage
Principles of development economics
Understanding of economic terms
Inflation and its impact on nominal & real cashflows
Project financing

Day 7: Uncertainty in Investments

Handling uncertainty in capital projects
Understanding probability concepts
The expected value concept: features and pitfalls
- Expected Monetary Value (EMV)
- Expected Profitability Index (EPI)
- Expected Opportunity Loss (EOL)

Day 8: Risks and Uncertainties

Risk & uncertainty
Risk aversion and risk premium
Exploration project threats and opportunities
Economic decision criteria
Decision tree analysis
Probability distribution
Monte Carlo simulation

Day 9: Setting-up Spreadsheet Calculations Using Excel

Spreadsheet Calculations
- Cashflow analysis
- Sensitivity analysis calculations
- Tornado diagrams
Introduction to Monte Carlo simulations using @Risk

Day 10: Practical Use of the @Risk Add-On

Developing an integrated economic model
Developing and using an @Risk Model Analysis
Project sensitivity analysis utilizing data from @Risk Model
Training course final review and close

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

Visit Website

Visit Website

Visit Website

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.

Related Categories

Project Management Risk Management

The 10-Day Advanced Project Economics& Risk Management

Improve Decision-making and Increase Investment Effectiveness