Course PM-008
Project Risk, Uncertainty & Decision Analysis
Course Introduction “Project managers are the most creative professionals in the world; we have to figure out everything... The outline covers Introduction to Project Management and Risk Management, Project Schedule and...
Introduction
Course overview
Course Introduction
“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?
This training course is suitable to a wide range of professionals but will greatly benefit:
- 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
Course content
Five focused days of learning and application
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
- 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
- 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
- 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
- Risk monitoring and follow-up
- Risk Reporting
Day 5
Project Execution, Monitoring & Closure
- Managing stakeholder expectations
- Managing project communications
- Managing the project team
- Effective project closure
- Lesson learned
- Post-project evaluation and Benefit Realisation
FAQ
Frequently asked questions
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 15 - 19 June 2026, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
This programme is designed for professionals responsible for strategy, operations, transformation, or delivery leadership.
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?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Current classroom venues include London, Munich, Rome, Amsterdam, Istanbul.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
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