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A PMI Registered Training Course

The 10-Day Advanced Project Economics & Risk Management

Improve Decision-making and Increase Investment Effectiveness

Schedules Outline

Classroom Schedule

Date	Venue	Fees
10 - 21 Nov 2025	London - UK	$ 11,900
07 - 18 Sep 2026	Dubai - UAE	$ 11,900
09 - 20 Nov 2026	London - UK	$ 11,900

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

Course Outline

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

Day 1

Fundamentals of Decision Analysis

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

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

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

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

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

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

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

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

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

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

On 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

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In Association With

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Options & Brochure

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Frequently Asked Question

GLOMACS offers both online andperson training options. You can choose from interactive virtual sessions or attend one of our globally locatedperson training courses. The flexibility ensures that learning fits your schedule and preferences.

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions,on activities, and interactive Q&A sessions to maximize learning outcomes.

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability,recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

GLOMACS is a globally recognized leader in professional training and development, with a reputation for deliveringquality,driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online andperson), and accredited certifications that add real value to your career.

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

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