A Project Management Institute, Inc. (PMI)®Registered Training Course
Project Risk Management & Compliance
Effective Risk Identification & Management on all Projects
Course Overview
Some of the most prevalent risks on any project originate from the failure to effectively identify and analyze the day-to-day risks that occur during the delivery of all projects.
This Project Risk Management & Compliance training course addresses the specific nature of risks that occur during the design & execution phases of all projects. The training course will provide delegates with the knowledge and skills required to effectively identify and manage project risks through minimizing their levels of uncertainty and maximizing their control. This will, in turn, improve their ability to deliver projects on time, within budget, and with a clear health & safety record.
Due to the dynamic environments in which they exist, projects are exceptionally vulnerable to risk and, in order to successfully deliver projects, a proven and proactive approach is essential to project risk management. By definition, uncertainty is inherent in every risk, and one of the primary objectives of project risk management is to minimize uncertainty so as to improve the likelihood of achieving desired project outcomes. During this training course, delegates will learn to effectively identify, analyze, respond, and control all risks that may have either a negative or positive impact on project outcomes.
This GLOMACS Project Risk Management & Compliance training course will highlight:
- Key elements in risk management planning
- The importance accurate risk identification
- How to effectively describe and analyse risks
- The difference between opportunity and threat-based risks
- How to create effective risk response plans
Training Outline
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
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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