Introduction

Projects operate in environments characterised by uncertainty, complexity, and constant change. Many of the most damaging project risks arise not from unforeseen events, but from failures to identify, analyse, and manage everyday risks during design and execution. When risks are not addressed systematically, projects face delays, cost overruns, safety incidents, and compliance failures that undermine value and stakeholder confidence.

This Project Risk Management & Compliance training course provides a structured and proactive approach to managing project risk throughout the lifecycle. It explains how risks emerge from technical, commercial, operational, and organisational sources, and how uncertainty can be reduced through disciplined risk management practices. Participants learn how to distinguish between threat-based and opportunity-based risks, apply proven analysis techniques, and develop effective response and control plans. The course also reinforces the importance of compliance, documentation, and reporting in supporting sound project governance and enterprise risk management.

Key focus areas include:

Key Learning Outcomes

At the end of this Project Risk Management & Compliance training course, participants will be able to:

Training Methodology

This Project Risk Management & Compliance training course combines structured instruction with practical application through facilitated discussions, hands-on exercises, and real-life project case studies. Participants actively practise risk identification, analysis, response planning, and control techniques to ensure immediate workplace relevance.

Project Risk Management & Compliance

Who Should Attend?

This Project Risk Management & Compliance training course is ideal for professionals seeking to:

  • Project managers and programme managers
  • Engineers and technical leads
  • Risk management and compliance professionals
  • Project control and PMO specialists
  • Contract and commercial managers
  • Team leaders involved in project delivery

Course Outline

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

International Standards & Professional Alignment

Our training courses are aligned with internationally recognised professional standards and frameworks across leadership, strategy, finance, governance, risk, compliance, and audit. By integrating globally trusted models, we ensure learners develop practical, relevant, and industry-recognised capabilities.

Our trainings draw on leading international standards and professional frameworks, including ISO, ISACA, COSO, OECD, IIA, FATF, Basel, IFRS/ISSB, GRI, NIST, CPD, ILM and the OECD AI Principles. This alignment ensures consistency with global best practices across financial management, risk oversight, digital governance, sustainability, and strategic decision-making..

Designed in alignment with globally recognised professional bodies, our courses support continuous professional development, strengthen organisational capability, and provide clear pathways toward professional certifications valued worldwide.

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Related Categories

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Enterprise Risk Management (ERM)
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FAQs

The course focuses on managing uncertainty through structured project risk identification, analysis, response, and compliance control. 

Yes, it addresses both negative and positive risks and how to manage them effectively. 

Yes, the course aligns with established project risk management practices and standards. 

Yes, participants practise techniques such as risk matrices, bow-tie analysis, Monte Carlo simulation, and decision trees. 

It emphasises documentation, reporting, and governance practices that support compliance and enterprise risk management. 

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