Project Portfolio & Risk Management

This day introduces the core principles, processes, and planning approaches used in project risk management. Participants will explore how risk management integrates within the wider project management framework and supports project success. The topics covered will include:

• 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

This day focuses on identifying project risks and understanding how project environments and complexity influence uncertainty. Participants will examine practical risk identification and project estimating techniques. The topics covered will include:

• 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

This day explores qualitative and quantitative risk assessment methods used to evaluate project uncertainty and support informed decision-making. Participants will apply structured risk analysis techniques and modelling approaches. The topics covered will include:

• 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

This day examines the development of risk response strategies and contingency planning approaches for project threats and opportunities. Participants will learn how to validate and prioritise risk response actions effectively. The topics covered will include:

• Risk Prioritisation
• Risk Response Strategy Guidelines
• Response Strategies for Threats & Opportunities
• Response Planning & Analysis
• Alternative Responses
• Risk Response Validation
• Contingency & Management Risk Reserves

This day focuses on monitoring, controlling, and reporting project risks throughout the project lifecycle. Participants will explore risk control tools, reporting mechanisms, and response management practices. The topics covered will include:

• Resource Management
• Risk Control Guidelines
• Risk Control Inputs
• Risk Control Tools & Techniques
• Risk Control Outputs
• Risk Reporting & Documenting
• Course Summation & Work Session Review

This day introduces portfolio management principles, governance structures, and implementation approaches that support strategic investment alignment. Participants will examine the relationship between portfolio, programme, and project management. The topics covered will include:

• 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 - How to adopt cost effective approaches?
• Objectives and Benefits of Portfolio Management

• 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

This day explores portfolio governance, strategic alignment, and organisational factors that influence effective portfolio management implementation. Participants will examine governance principles and change culture requirements. The topics covered will include:

• 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

• The Principles upon which Effective Portfolio Management is Based
• Senior Management Commitment
• Governance Alignment
• Strategy Alignment
• Portfolio Office
• Energised Change Culture

This day examines portfolio definition practices, portfolio-level risk management, and delivery cycle concepts used to govern organisational investments. Participants will explore forecasting techniques and enterprise risk perspectives. The topics covered will include:

• 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 Process
• An Enterprise View of Risk & Governance
• Risk Drivers & Metrics

• Portfolio Delivery Practices
• Tried and Tested Techniques for Delivery Practice
• What is involved, The Main Elements, and Keys to Success

This day focuses on portfolio governance roles, documentation requirements, and portfolio risk and return analysis. Participants will evaluate portfolio definition practices and investment assessment approaches. The topics covered will include:

• Purposes and Responsibilities of The Main Portfolio Management Roles Identified in MoP
• Purposes of the Main Portfolio Management Documentation

• Return Measures
• Risk Characteristics

• 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

This day explores portfolio delivery cycle application, portfolio governance practices, and assessment techniques within practical scenarios. Participants will analyse delivery approaches and evaluate portfolio documentation effectiveness. The topics covered will include:

• 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