Global Learning for Operational Leaders
Course PM-008
Project Risk, Uncertainty & Decision Analysis
“Project managers are the most creative professionals in the world; we have to figure out everything that could go wrong... The outline covers Introduction to Project Management and Risk Management, Project Schedule and...
- 5 daysClassroom or online
- 14Upcoming dates
- 14Cities
- €1,625Fees from
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
“Project managers are the most creative professionals in the world; we have to figure out everything that could go wrong, before it does”
Project management professionals are increasingly called upon to make critical business decisions under pressure in complex, uncertain, and dynamic environments. This Project Risk, Uncertainty & Decision Analysis training course addresses advanced concepts in Project Management and Risk Management to equip participants with the tools and strategies needed to navigate these challenging situations. The course offers a systematic approach to the project management process, designed to facilitate the effective and efficient achievement of business objectives. Participants will gain practical insights into developing a comprehensive project plan, crafting a robust risk management strategy, and creating a stakeholder management strategy. Tips, techniques, and strategies will be provided to support these efforts and enhance your ability to manage projects successfully in a rapidly evolving business landscape.
Training Objectives
This training course aims to enable participants to achieve the following critical objectives:
Obtain a Fundamental Understanding of Project Management Concepts
Prepare and Execute an Effective Project Plan
Identify and Analyse Project Risk
Apply Effective Strategies to Address Typical Project Issues
Who should attend
Target audience
- Professionals Who Make or Support Project Decisions and Would Like to Be Able to Develop and Justify Effective Solutions
- Project Management Professionals and Supporting Personnel
- Internal Auditors and Management Accountants
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Introduction to Project Management and Risk Management
- The nature of projects and project management
- Project/program and portfolio management
- Project organization, project life cycle and Stage Gate approach
- Coffee break
- Project organization, project life cycle and Stage Gate approach (continued)
- Project Initiation
- Scope definition and Work Breakdown Structure (WBS)
Day 2
Project Schedule and Cost Management
- Defining and sequencing project activities
- Schedule Development
- Resource management
- Coffee break
- Resource management (continued)
- Estimating costs and determining budgets
- The earned value management (EVM) concept
Day 3
Risk Identification and Planning
- Decisions under certainty, risk and uncertainty
- Risk management overview
- Contemporary concepts and standards in risk management
- Coffee break
- Contemporary concepts and standards in risk management (continued)
- Risk management planning process
- Risk identification and assessment
- Qualitative risk analysis
Day 4
Risk Response Strategies and Risk Control
- Schedule-Risk and Cost-Risk Analysis
- Risk Response Strategies
- Risk Response Implementation
- Coffee break
- Risk Response Implementation (continued)
- Risk monitoring and follow-up
- Risk Reporting
Day 5
Project Execution, Monitoring & Closure
- Managing stakeholder expectations
- Managing project communications
- Managing the project team
- Coffee break
- Managing the project team (continued)
- Effective project closure
- Lesson learned
- Post-project evaluation and Benefit Realisation
Course FAQs
Questions about this course
What participants and training managers usually ask before booking Project Risk, Uncertainty & Decision Analysis. Can't find your answer?
What does Project Risk, Uncertainty & Decision Analysis (PM-008) cover?
This course covers Project Management through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 16 - 20 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Professionals Who Make or Support Project Decisions and Would Like to Be Able to Develop and Justify Effective Solutions, Project Management Professionals and Supporting Personnel, Internal Auditors and Management Accountants
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Barcelona, Dubai, Cape Town, Amsterdam, London, Istanbul, Munich, Paris, Frankfurt, Kuala lumpur, Rome, Vienna, Geneva, Madrid.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
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