Project Portfolio & Risk Management

Introduction

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 GLOMACS 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

Modules

This training course is split into the following modules:

Module I - Project Risk Management & Compliance

Module II - Portfolio Project Management Professional

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

Training 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.

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