Projects rarely fail because the idea was bad — they fail because risks were never properly assessed, or because the numbers behind the investment decision were never stress-tested. This course, delivered by the Arab British Fellowship Training Academy, tackles both problems together.

On the risk side, participants build a working risk management framework: how to identify, measure, and assess risk, set governance and reporting structures around it, and choose between transferring, minimising, or absorbing potential losses.

On the valuation side, the course covers how to judge whether a project is worth pursuing in the first place, using tools such as net present value, internal rate of return, and technical and marketing feasibility studies, through to the implementation and transaction stages once a project is approved.

Case studies and field exercises throughout the course let participants apply both the risk and valuation tools to realistic project scenarios.

Who Should Attend?

• Directors and owners of commercial and industrial companies
• General managers in public and private companies
• Internal audit directors and audit department managers
• Financial control staff and anyone evaluating project investments

Course Objectives

By the end of the course, participants will be able to:

• Apply risk management philosophy, principles, and standards to real projects
• Design a risk governance and reporting structure, including risk treatment strategies
• Assess project value using net present value, internal rate of return, and return period
• Conduct technical and marketing feasibility studies before committing to a project
• Recognise the factors that change a project's financial position over time
• Manage the implementation and transaction stages of an approved project

1. Foundations of Risk Management

   • Risk management philosophy
   • Relevant laws, principles, and standards
   • Risk and institutional policy

2. Identifying and Assessing Risk

   • Risk assessment methods and categories
   • Field work in risk assessment
   • Reasons for assessment and certification

3. Governance, Reporting, and Treatment of Risk

   • Risk governance framework
   • Reporting and disclosure
   • Treatment strategies including risk financing

4. Precautions and Special Cases

   • Precautionary measures
   • Timing of precautions
   • Dealing with corruption-related risk
   • Special cases and preferences

5. Why Value a Project

   • The need for project valuation
   • Factors affecting valuation
   • Base of change in financial status

6. Financial Valuation Tools

   • Net present value of cash flows
   • Internal rate of return
   • Return on maturity and return period; responsibility and impairment

7. Feasibility Studies

   • Investment concept and study of opportunities
   • Technical feasibility study
   • Marketing feasibility study and final evaluation

8. From Approval to Execution

   • Regional evaluation
   • Project implementation stage
   • Transactions stage and its characteristics