No project runs risk-free — the real question is whether an organisation can see risk coming and respond before it derails the budget, the timeline, or the investment case. This program starts from that practical reality rather than from a textbook definition: it treats risk management as a continuous discipline of spotting, measuring, and responding to threats before they turn into losses.

Participants work through the full risk lifecycle — from setting a risk-aware strategy and reading company policy correctly, to the assessment methods and categories used in the field. The program then connects risk directly to money: how project valuation, feasibility studies, and investment appraisal (net present value, internal rate of return, payback period) are used to decide whether a project is worth the risk in the first place, finishing with how risk is carried through implementation and closeout.

Course Objectives

• Explain the principles, laws, and standards that govern project risk management.
• Build a risk management strategy and implementation plan aligned with institutional policy.
• Apply risk assessment methods and classify risks by category.
• Use project valuation techniques — NPV, IRR, payback period — to assess whether a project justifies its risk.
• Conduct technical and marketing feasibility studies before committing investment.
• Carry risk awareness through project implementation and the transactions stage.

Target Audience

• Directors and owners of small, medium, and large commercial and industrial companies
• General managers in public and private companies
• Internal audit and financial control managers
• Anyone seeking contemporary approaches to detecting and managing project risk

Module 1: Foundations of Project Risk Management

• Risk management philosophy and core concepts
• Governing laws, principles, and standards
• How risk connects to institutional policies and procedures

Module 2: Building a Risk Management Strategy

• Developing a risk management implementation plan
• Precautions to take before risk materialises
• Choosing the right time to act on a risk

Module 3: Risk Assessment Methods and Categories

• Methods and categories of risk assessment
• Field work in assessing risk
• Certifying assessments and handling risks linked to corruption

Module 4: Project Valuation and Financial Assessment

• Factors affecting project valuation and changes in financial status
• Net present value and internal rate of return
• Return on maturity, payback period, and responsibility for impairment

Module 5: Investment Feasibility Studies

• The investment concept and studying opportunities
• Technical feasibility studies
• Marketing feasibility studies and final evaluation

Module 6: From Approval to Closeout: Implementation and Transactions

• Moving from evaluation to project implementation
• Characteristics of the transactions stage
• Applying regional evaluation and special-case considerations