Project Portfolio & Risk Management - Virtual Learning
Delivering successful projects and managing a high-performing project portfolio require two equally critical competencies — the ability to identify, analyse, and control risk with precision, and the ability to make sound, strategically aligned portfolio investment decisions that drive organisational value. In practice, neither discipline operates in isolation. Poorly managed project risks undermine portfolio performance, while weak portfolio governance amplifies the impact of risk across the entire programme of work. Organisations that integrate both disciplines within a single, coherent management framework consistently achieve better project outcomes, stronger return on investment, and more sustainable organisational change.
This 10-day training course delivers that integrated capability. Structured around globally recognised project management and portfolio governance standards, it equips participants with the tools, techniques, and analytical frameworks to manage risk throughout the project lifecycle and to govern, select, and deliver a balanced project portfolio aligned with strategic objectives. Participants progress from risk planning and identification through quantitative risk analysis and response control, then into portfolio management principles, governance structures, delivery cycles, and investment decision-making — building a comprehensive, immediately applicable professional skillset across both disciplines.
This Gulf Rowad Project Portfolio & Risk Management training course will highlight:
A structured approach to project risk management — from planning and identification through qualitative and quantitative analysis, response development, and control
Proven risk identification and assessment techniques including Bow-Tie analysis, Monte Carlo simulation, probability/impact matrices, and decision tree methodology
The principles, cycles, and governance frameworks underpinning effective portfolio management and how they differ from programme and project management
How to design, implement, and sustain a portfolio management approach that balances organisational change with business-as-usual performance
Portfolio risk and return analysis, investment selection criteria, and the application of portfolio definition and delivery cycle practices to real-world scenarios
The roles, documentation, and decision-making structures that enable effective portfolio governance and enterprise-level risk management
5 Days
1620 Sessions
Starting from USD 2,000
Available Face to Face
Course Methodology
This training course is delivered through a structured, competency-based learning model that balances conceptual instruction with applied, skills-focused practice. Facilitated workshops, hands-on risk analysis exercises, group case study discussions, and portfolio scenario simulations are integrated throughout the programme. Participants engage with real-world project and portfolio examples, apply analytical tools and decision-making frameworks to authentic scenarios, and develop the practical skills required to manage risk and govern portfolios effectively in their own professional contexts. The training course builds progressively across ten days — developing risk management competency in the first half and portfolio management expertise in the second — ensuring each discipline reinforces the other.
Course Objectives
By the end of this Project Portfolio & Risk Management training course, participants will be able to:
- Accurately identify, describe, analyse, and prioritise project risks using both qualitative and quantitative techniques across all project types and sectors
- Develop and implement effective risk response strategies that address both threat-based and opportunity-based risks within defined project boundaries
- Distinguish between portfolio, programme, and project management and apply the appropriate governance principles and practices to each context
- Design and tailor a portfolio management framework — including definition and delivery cycles — to suit different organisational environments and strategic objectives
- Evaluate portfolio risk and return characteristics and apply sound investment selection and prioritisation criteria to a project portfolio
- Assess the effectiveness of portfolio management implementation, identify factors required to sustain progress, and measure portfolio management maturity
Target Audience
This training course is designed for professionals who are involved in — or responsible for — the delivery of projects, the management of project risk, or the governance and oversight of project portfolios at any organisational level. It is equally relevant to those in operational project roles seeking stronger risk management skills and to senior professionals responsible for strategic portfolio investment decisions.
This Gulf Rowad Project Portfolio & Risk Management training course is suitable for a wide range of professionals but will greatly benefit:
- Project managers, programme directors, and project engineers responsible for risk management and project delivery performance
- Portfolio managers, PMO leads, and business change managers overseeing strategic project investment and portfolio governance
- Risk managers, quality assurance managers, and compliance professionals responsible for project risk frameworks and controls
- Senior responsible owners, board members, and directors of change involved in portfolio investment decision-making and benefits realisation
- Business case writers, project appraisers, and consultants providing advisory services across project and portfolio management
- Contract managers, discipline engineers, and technical professionals who contribute to or are directly impacted by project risk and portfolio decisions
Target Competencies
Organisational Impact
Organisations that invest in this Project Portfolio & Risk Management training course will gain:
- Stronger project delivery performance through more rigorous, proactive, and consistently applied risk identification and management practices
- Improved strategic alignment between project investment decisions and organisational goals through structured portfolio governance
- Reduced exposure to project failure, cost overrun, and schedule delay through better-developed risk response and control frameworks
- A more capable and cohesive project management community with shared risk and portfolio management language, tools, and standards
- Enhanced enterprise risk management capability through integrated project-level and portfolio-level risk governance practices
- More informed, evidence-based portfolio investment decisions that improve return on project spend and organisational change outcomes
Personal Impact
On completion of this Project Portfolio & Risk Management training course, participants will have developed:
- Practical proficiency in applying a full suite of project risk management tools — from identification and assessment through response planning and ongoing control
- The analytical confidence to differentiate between real and perceived risks and to balance threat and opportunity management across complex projects
- A thorough understanding of portfolio management principles, governance structures, and delivery cycle practices applicable across diverse organisational contexts
- The capability to contribute meaningfully to portfolio investment decisions, business case development, and portfolio performance assessment
- Enhanced professional credibility with project sponsors, portfolio boards, senior leadership, and organisational governance bodies
- A strong peer network of project risk and portfolio management professionals drawn from a broad range of industries and sectors
Course Outline
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 - 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
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
- 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 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
Day 9
Roles and Documentation
- 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
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
2026 Schedule & Fees
Course Fees Starting From
USD
2,000
| Date | City | Language | Price | Action |
|---|---|---|---|---|
| 28 Jun - 02 Jul, 2026 | Online | English | USD 2,000 | Book |
| 28 Jun - 02 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | English | USD 2,000 | Book |
| 05 Jul - 09 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 12 Jul - 16 Jul, 2026 | Online | English | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 19 Jul - 23 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | English | USD 2,000 | Book |
| 26 Jul - 30 Jul, 2026 | Online | Arabic | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | English | USD 2,000 | Book |
| 02 Aug - 06 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 09 Aug - 13 Aug, 2026 | Online | English | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 16 Aug - 20 Aug, 2026 | Online | English | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | Arabic | USD 2,000 | Book |
| 23 Aug - 27 Aug, 2026 | Online | English | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 30 Aug - 03 Sep, 2026 | Online | English | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Sep - 10 Sep, 2026 | Online | English | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Sep - 17 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | English | USD 2,000 | Book |
| 20 Sep - 24 Sep, 2026 | Online | Arabic | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | English | USD 2,000 | Book |
| 27 Sep - 01 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | English | USD 2,000 | Book |
| 04 Oct - 08 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | English | USD 2,000 | Book |
| 11 Oct - 15 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 18 Oct - 22 Oct, 2026 | Online | English | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | Arabic | USD 2,000 | Book |
| 25 Oct - 29 Oct, 2026 | Online | English | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 01 Nov - 05 Nov, 2026 | Online | English | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 08 Nov - 12 Nov, 2026 | Online | English | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 15 Nov - 19 Nov, 2026 | Online | English | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | Arabic | USD 2,000 | Book |
| 22 Nov - 26 Nov, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | English | USD 2,000 | Book |
| 29 Nov - 03 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | English | USD 2,000 | Book |
| 06 Dec - 10 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 13 Dec - 17 Dec, 2026 | Online | English | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
| 20 Dec - 24 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | English | USD 2,000 | Book |
| 27 Dec - 31 Dec, 2026 | Online | Arabic | USD 2,000 | Book |
Face to Face Courses
Face to Face
Project Portfolio & Risk Management
5 Days
1566 Sessions
Project Management
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