You're now visiting the official Saudi
website of GLOMACS International

The 10-Day Advanced Project Economics & Risk Management

A PMI Registered Training Course

The 10-Day Advanced Project Economics & Risk Management

Improve Decision-making and Increase Investment Effectiveness

NASBA PMI
Classroom Schedule
Date Venue Fees
07 - 18 Sep 2026 Dubai $ 11,900
09 - 20 Nov 2026 London $ 11,900
06 - 17 Sep 2027 Dubai $ 11,900
08 - 19 Nov 2027 London $ 11,900

Course Summary

The The 10-Day Advanced Project Economics & Risk Management training course provides professionals with a comprehensive and practical framework for evaluating, analysing, and managing the financial and risk dimensions of complex capital projects. In today’s environment of increasing investment pressure, economic uncertainty, and heightened accountability, organisations require professionals who can combine advanced financial analysis with rigorous risk management to improve investment performance and project outcomes.

This highly practical training course develops participants’ capabilities across the full project investment lifecycle — from project business case evaluation and discounted cash flow analysis through to quantitative risk modelling, probabilistic forecasting, Monte Carlo simulation, and decision tree analysis. Participants will gain hands-on experience using Excel and @Risk modelling techniques to evaluate capital investment alternatives, assess uncertainty, optimise project returns, and strengthen evidence-based decision-making.

The training course also explores the wider economic and strategic context of capital projects, including development economics, project financing structures, inflation impacts, sensitivity analysis, and advanced investment appraisal methodologies. Through structured workshops, practical modelling exercises, and applied case studies, participants will develop an integrated understanding of project economics and risk management that can be applied immediately within real-world project environments.

Skills & Competencies

Participants attending this training course will develop the following professional skills and competencies:

  • Capital investment appraisal and financial evaluation
  • Net Present Value (NPV), IRR, and BCR analysis
  • Discounted cash flow modelling techniques
  • Risk identification and quantitative risk analysis
  • Monte Carlo simulation and probabilistic forecasting
  • Decision tree analysis and Expected Monetary Value (EMV)
  • Sensitivity analysis and tornado diagram development
  • Excel and @Risk modelling capability
  • Project financing and development economics understanding
  • Strategic project investment decision-making
  • Stakeholder communication and investment reporting
  • Risk response planning and ROI optimisation

Modules

This training course is split into the following modules:

Module I - Project Analysis : Tools & Techniques for Managing Risk & Uncertainty

Module II - Advanced Project Economics, Risk & Decision Analysis

Key Learning Outcomes

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

  • Apply engineering economics tools to evaluate and compare project investments
  • Develop realistic cash flow models for capital-intensive projects
  • Assess project risk using qualitative and quantitative methodologies
  • Perform Monte Carlo simulations and sensitivity analyses using Excel and @Risk
  • Evaluate project profitability using NPV, IRR, EMV, ROI, and BCR techniques
  • Build structured decision tree models for complex investment scenarios
  • Develop risk response strategies aligned with organisational objectives
  • Present investment appraisals and risk assessments confidently to stakeholders

How You Will Learn

This training course uses a highly interactive and application-focused learning methodology designed to progressively build participant capability in project economics and advanced risk analysis. The learning approach combines formal instruction with hands-on practical exercises, Excel workshops, simulation activities, group discussions, and real-world case studies.

Participants will work with realistic project scenarios and live modelling exercises to strengthen their ability to apply financial and risk analysis tools in practice. The programme introduces concepts progressively — beginning with the fundamentals of engineering economics and advancing into probabilistic modelling, quantitative analysis, and integrated economic simulation techniques using Excel and @Risk software.

Who should Attend?

This training course is suitable for professionals involved in project financial evaluation, investment analysis, capital planning, and risk management across capital-intensive industries.

It will greatly benefit:

  • Project Managers and Programme Directors
  • Project Engineers and Project Control Professionals
  • Planning Managers and Cost Engineers
  • Commercial Managers and Business Advisors
  • Financial Analysts and Economists
  • Asset Managers and Product Managers
  • Risk Specialists and Project Consultants
  • Government and Public Sector Investment Professionals
  • Infrastructure and Capital Programme Managers
  • Professionals involved in project investment decision-making
Course Outline

Module I: Project Analysis : Tools & Techniques for Managing Risk & Uncertainty

Day 1

Fundamentals of Decision Analysis

This day introduces the principles of project decision analysis, project profitability, and systematic risk management. Participants explore engineering economics concepts, time value of money, and discounted cash flow techniques. The topics covered will include:

  • What is project management decision analysis?
  • The purpose of the project business case
  • The need for systematic risk management for decision-making
  • Risk and uncertainty on projects
  • Option analysis
  • Identifying key decision-making factors
Measures of Project Profitability
  • Fundamental tools of engineering economics
  • Time value of money
  • Appraisal methods - Discounted Cash Flow Projections
  • Time equivalence
Day 2

Cash-Flow Modelling and Project Decision Analysis

This day focuses on financial modelling, project evaluation, and internal rate of return analysis. Participants also examine project context, stakeholder influence, and scope definition for informed decision-making. The topics covered will include:

  • Financial Modelling and Project Evaluation
  • Internal Rate of Return computations (IRR)
  • Determining the Internal Rate of Return (IRR)
  • The risk of not understanding IRR

Analysing Project Specifics

  • Understanding the project context to assist in decision-making
  • Determine stakeholders and their level of influence
  • Capture requirements
  • Determine scope of work
Day 3

The Cost of Capital

This day explores capital and operating expenditure analysis alongside project financing considerations. Participants examine practical risk modelling techniques and methods for identifying and prioritising project risks.The topics covered will include:

  • Capital & Operating Expenditures (CAPEX / OPEX)
  • Estimating the cost of capital for a project
  • Benefit-Cost Ratio (BCR)
  • Dis-benefits

Risk Modelling in Practice

  • Identify Risks
  • Forecasting risk impacts & probabilities
  • Opportunity costs, sunk costs & salvage value of a project
  • Determining the Risk Priorities
  • The need for company cash flow
Day 4

Decision Analysis: Expected Value Concept

This day develops understanding of probability concepts, expected monetary value, and quantitative risk analysis techniques. Participants explore simulation tools, sensitivity analysis, and scenario planning methods. The topics covered will include:

  • Basic Probability Concepts
    • Fundamental probability concepts
    • Mutually & non-mutually exclusive, independent events
  • Quantitative Project Risk Analysis
    • Semi-quantitative bow-tie process
    • Detailed risk quantification and prioritisation
    • Expected monetary value
    • Scenario planning
  • Sensitivity Analysis Tools
    • Simulation process
    • Tornado diagram
    • Defining the variables - PERT
Day 5

Decision Trees, EMV, Risk Responses and ROI

This day focuses on decision tree development, risk response planning, and return on investment evaluation. Participants examine methods for evaluating and presenting project investment options. The topics covered will include:

  • Decision Tree Analysis

    • Developing decision trees
    • Solving decision trees

  • Risk Responses
    • Developing risk responses
    • Evaluating response relevance
  • ROI Analysis
    • Understanding ROI
    • Identifying ROI
    • Evaluating and presenting your project options

Module II: Advanced Project Economics, Risk & Decision Analysis

Day 6

Development Economics

This day introduces development economics principles and economic terminology relevant to capital projects. Participants examine inflation effects, project financing, and economic factors influencing project decisions. The topics covered will include:

  • A brief history of energy usage
  • Principles of development economics
  • Understanding of economic terms
  • Inflation and its impact on nominal & real cashflows
  • Project financing
Day 7

Uncertainty in Investments

This day explores uncertainty handling in investment analysis and advanced probability concepts. Participants examine expected value methodologies and profitability evaluation measures. The topics covered will include:

  • Handling uncertainty in capital projects
  • Understanding probability concepts
  • The expected value concept: features and pitfalls
    • Expected Monetary Value (EMV)
    • Expected Profitability Index (EPI)
    • Expected Opportunity Loss (EOL)
Day 8

Risks and Uncertainties

This day focuses on risk and uncertainty analysis in project environments. Participants examine decision criteria, probability distributions, and Monte Carlo simulation techniques. The topics covered will include:

  • Risk & uncertainty
  • Risk aversion and risk premium
  • Exploration project threats and opportunities
  • Economic decision criteria
  • Decision tree analysis
  • Probability distribution
  • Monte Carlo simulation
Day 9

Setting-up Spreadsheet Calculations Using Excel

This day develops spreadsheet-based financial and risk analysis capability. Participants explore sensitivity analysis, tornado diagrams, and Monte Carlo simulation applications. The topics covered will include:

  • Spreadsheet Calculations
    • Cashflow analysis
    • Sensitivity analysis calculations
    • Tornado diagrams
  • Introduction to Monte Carlo simulations using @Risk
Day 10

Practical Use of the @Risk add-on

This day focuses on integrating economic modelling techniques with probabilistic analysis tools. Participants apply sensitivity analysis methods and complete final project reviews. The topics covered will include:

  • Developing an integrated economic model
  • Developing and using an @Risk Model Analysis
  • Project sensitivity analysis utilizing data from @Risk Model
  • Training course final review and close
Certificates
  • Upon successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have a PMI Course Identifier, which will enable the learners to claim Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI) towards certification or recertification of PMI credentials.
Providers and Associations

Endorsed Education Provider

NASBA
PMI

In Association With

Options & Brochure
Related Certificates
NASBA PMI

Customisation & In-House Delivery

This training course can be tailored for in-house delivery to align with specific organisational investment frameworks, project governance structures, financial modelling practices, and sector-specific risk environments. Customisation options may include industry-focused case studies, organisation-specific project scenarios, and practical modelling exercises using internal investment evaluation methodologies.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this The 10-Day Advanced Project Economics & Risk Management training course:

  • Stronger financial governance and investment discipline across major capital programmes
  • Improved capability to evaluate infrastructure, energy, industrial, and development projects
  • Enhanced alignment between investment decisions and long-term strategic objectives
  • Greater confidence in managing uncertainty across large-scale transformation initiatives
  • Increased ability to optimise capital allocation and project portfolio performance
  • Better preparation for supporting Vision 2030 development and infrastructure initiatives
  • Improved quantitative risk management capability within public and private sector projects
  • Enhanced organisational resilience through evidence-based investment decision-making
Related Courses
Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email info@glomacs.sa . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at info@glomacs.sa

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

Related Categories & Certificates