INTRODUCTION TO THE COURSE
Achieving successful project outcomes and maintaining a high-performing project portfolio depend on two essential capabilities — the ability to identify, evaluate, and manage risk effectively, and the ability to make informed portfolio investment decisions that align with organisational strategy and value creation. In real-world environments, these two disciplines are closely interconnected. Ineffective risk management can negatively impact portfolio performance, while poor portfolio governance can increase exposure to risk across an organisation’s entire change initiative landscape. Organisations that successfully integrate these disciplines into one structured management approach consistently improve project success rates, maximise return on investment, and support sustainable organisational transformation.
This Project Portfolio & Risk Management Training Course is designed to provide participants with this integrated expertise. Based on internationally recognised project management and portfolio governance standards, the training course equips professionals with practical tools, analytical methods, and management techniques to control risk throughout the project lifecycle while effectively governing, selecting, and managing strategically aligned project portfolios.
Participants will build their capabilities progressively — beginning with risk planning, identification, quantitative analysis, and response management before advancing into portfolio governance, portfolio delivery cycles, investment decision-making, and strategic portfolio oversight. The result is a practical and comprehensive professional skillset that can be applied immediately within the workplace.
This training course will highlight:
- A systematic approach to project risk management covering planning, identification, qualitative and quantitative analysis, response development, and monitoring
- Established risk assessment methods including Bow-Tie analysis, Monte Carlo simulation, probability and impact matrices, and decision tree analysis
- Portfolio management principles, governance structures, and lifecycle practices, including distinctions between portfolio, programme, and project management
- Methods for developing and sustaining a portfolio management framework that balances organisational transformation with operational performance
- Portfolio risk and return evaluation techniques, investment prioritisation methods, and practical application of portfolio definition and delivery cycle practices
- Roles, documentation requirements, and decision-making processes that support effective portfolio oversight and enterprise-wide risk management
This training course is split into two modules:
- Module I - Project Risk Management & Compliance
- Module II - Portfolio Project Management Professional
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.
COURSE DETAILS
Objectives
By the end of this Project Portfolio & Risk Management Training Course, participants will be able to:
- Identify, analyse, evaluate, and prioritise project risks accurately using both qualitative and quantitative approaches across multiple industries and project environments
- Develop and implement effective risk response strategies addressing both threats and opportunities within project constraints
- Differentiate between portfolio, programme, and project management and apply suitable governance approaches within each environment
- Design and adapt a portfolio management framework, including definition and delivery cycles, to support varying organisational strategies and operating environments
- Assess portfolio risk and return profiles while applying sound prioritisation and investment selection criteria
- Evaluate portfolio management effectiveness, identify sustainability requirements, and measure portfolio management maturity levels
Training Methodology
This training course follows a structured and competency-focused learning approach that combines conceptual understanding with practical application. Facilitated workshops, practical risk analysis activities, portfolio-based simulations, and interactive case study discussions are incorporated throughout the training experience.
Participants will work with realistic project and portfolio scenarios, apply analytical models and decision-making frameworks, and develop practical skills required to manage risk and oversee portfolios effectively within their own organisations. The ten-day structure is designed progressively, with the first section focusing on project risk management competency and the second section concentrating on portfolio management expertise, ensuring both disciplines complement and reinforce one another.
Organisational Impact
Organisations whose professionals attend this training course will benefit from:
- Improved project performance through proactive, structured, and consistently applied risk management practices
- Stronger alignment between project investment decisions and strategic organisational objectives through enhanced portfolio governance
- Reduced likelihood of project failure, budget overruns, and scheduling delays through more effective risk response and control mechanisms
- A more unified and capable project management culture supported by common risk and portfolio management standards, tools, and terminology
- Enhanced enterprise-wide risk management capability through integrated governance practices at both project and portfolio levels
Better portfolio investment decisions driven by evidence-based analysis and improved organisational change outcomes
Personal Impact
Upon completing this Project Portfolio & Risk Management Training Course, participants will have developed:
- Practical expertise in applying a comprehensive range of project risk management tools covering identification, analysis, response planning, and risk control
- Greater analytical capability to distinguish between perceived and actual risks while balancing opportunity and threat management within complex projects
- A detailed understanding of portfolio management principles, governance structures, and portfolio delivery practices applicable across different organisational settings
- The ability to contribute effectively to portfolio investment decisions, business case evaluation, and portfolio performance measurement
- Increased professional credibility when engaging with project sponsors, portfolio boards, executive leadership teams, and governance stakeholders
Valuable professional connections with project risk and portfolio management practitioners from diverse industries and sectors
Who should Attend?
This Project Portfolio & Risk Management Training Course is intended for professionals involved in project delivery, project risk management, portfolio governance, or strategic oversight of organisational project investments. It is equally valuable for operational project professionals seeking advanced risk management capabilities and senior leaders responsible for portfolio investment and governance decisions.
This training course is suitable for a broad range of professionals and will greatly benefit:
- Project managers, programme directors, and project engineers responsible for project delivery and risk management
- Portfolio managers, PMO managers, and business transformation leaders overseeing portfolio governance and strategic investments
- Risk managers, compliance specialists, and quality assurance professionals responsible for project control frameworks
- Senior responsible owners, board members, and change directors involved in investment decision-making and benefits management
- Business case developers, project evaluators, and consultants supporting project and portfolio management initiatives
- Contract managers, technical specialists, and engineering professionals affected by project risk and portfolio-related decisions
DAILY AGENDA
Module I: Project Risk Management & Compliance
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
Module II: Portfolio Project Management Professional
Day 6: Introduction to Portfolio and Portfolio Management
- Key Definitions of Portfolio and Portfolio Management
- Portfolio Management Model
- Relationship between the Principles, Cycles, Practices and Relevant Techniques
- Differences between Portfolios, Programmes and Projects
- Differences between Portfolio, Programme and Project Management
- How Local Context can affect MoP Principles & Practices -Â How to adopt cost effective approaches?
- Objectives and Benefits of Portfolio Management
Portfolio Selection & Implementation
- The Need for A Portfolio Approach to Investment
- The Approaches to Implementing Relevant Portfolio Management
- Benefits of Assessing The Impact of Portfolio Management
- Factors Required to Sustain Progress
- Approaches to Assessing Portfolio Management Maturity
Day 7: Strategic and Organisation Context
- Six Key Functions / Activities that Portfolio Management needs to coordinate with to achieve Strategic Objectives
- Identify How Portfolio Management can:
- Coordinate with all other stratagems to deliver strategic objectives
- Support effective corporate governance
Portfolio Management Governance
- The Principles upon which Effective Portfolio Management is Based
- Senior Management Commitment
- Governance Alignment
- Strategy Alignment
- Portfolio Office
- Energised Change Culture
Day 8: Portfolio Definition Cycle
- Terms & Concepts relating to The Portfolio Definition Cycle
- Three-point Estimating and Reference Class Forecasting
- What is involved and The Keys to Success
Portfolio Risk Management
- Portfolio Risk Management Process
- An Enterprise View of Risk & Governance
- Risk Drivers & Metrics
Portfolio Delivery Cycle
- Portfolio Delivery Practices
- Tried and Tested Techniques for Delivery Practice
- What is involved, The Main Elements, and Keys to Success
Day 9: Roles and Documentation:
- Purposes and Responsibilities of The Main Portfolio Management Roles Identified in MoP
- Purposes of the Main Portfolio Management Documentation
Portfolio Risk & Return
- Return Measures
- Risk Characteristics
Applying the Portfolio Definition Cycle
- Apply and Tailor Practices and Techniques of The Portfolio Definition Cycle to A Scenario
- Identify Appropriate Practices and Techniques within The Portfolio Definition Cycle
- Identify, Analyse and Distinguish between Appropriate and Inappropriate Application of Portfolio Definition Practices and Techniques to A Scenario
Day 10: Portfolio Delivery Cycle Presentation
- Apply and Tailor The Practices, Techniques and Responsibilities of The Portfolio Delivery Cycle to A Scenario
- Identify Appropriate Practices and Techniques within The Portfolio Delivery Cycle
- Identify, Analyse and Distinguish between Appropriate and Inappropriate Application of Portfolio Delivery Practices to A Scenario
- Analyse whether The Approaches Adopted are appropriate, with reasons, in a given scenario
- Analyse whether The Portfolio Documentation is fit for purpose, with reason
Certificate
- On successful completion of this training course, KC Academy Certificate will be awarded to the delegates.