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Course Schedule
Classroom Sessions:
DateVenueFees
26 - 30 May 2025 Dubai - UAE $5,950
11 - 15 Aug 2025 Istanbul - Turkey $5,950
06 - 10 Oct 2025 London - UK $5,950
24 - 28 Nov 2025 Dubai - UAE $5,950
Online Sessions:

26 - 30 May 2025 Online $3,950
24 - 28 Nov 2025 Online $3,950
Course Description

INTRODUCTION

Risk management is an integral part of project management. Risks should be identified and managed proactively in projects before they become issues leading to delays, cost overruns or functionality issues. Risks are also present on the program level and portfolio level; unmanaged risks on program level may lead to uncoordinated management of shared resources and issues leading to compromising the benefits delivery expected from the group of projects, while unmanaged risks on portfolio level may lead to missing the alignment with strategic objectives.

 This Risk Management Professional (PMI-RMP) training course will provide the concepts, models, methods, and artifacts used to manage risks from creating a risk management strategy to risk closure.

 This GLOMACS Risk Management Professional training course will highlight:

  • Risk Strategy and Planning
  • Risk Identification
  • Risk Analysis
  • Risk Response Planning and Implementation
  • Risk Monitoring and Closure
  • Relation between project risk and Enterprise Risk Management (ERM)

Objectives

At the end of this Risk Management Professional training course, you will learn to:

  • Understand and elaborates upon the core concepts and fundamentals of risk management
  • Describes the risk management relations within portfolio, program, and project environments; and ultimately with the Enterprise Risk Management (ERM)
  • Define and apply the risk management life cycle and related processes
  • Apply risk management concepts, techniques, tools, processes, and good practices while executing a portfolio, program, or project management plan.
  • Get prepared for the PMI-Risk Management Professional Certification (PMI-RMP)

Training Methodology

This risk management training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes:

  • Training provided via an interactive traditional class-room format
  • Facilitation by tackling issues faced by participants in managing their project risks
  • Use of practical local and international case studies to reinforce learning

Organisational Impact

By attending this risk management training course, your organization will benefit from:

  • Reducing the organization’s exposure to risks and its impacts and exploiting the opportunities by applying international best practices
  • Deliver the target benefits and objectives of your projects, programs and portfolio
  • Customizing the organizations risk management strategy and risk management methodology according to your needs
  • Effectively handling the escalated risks from project level to program level or to the organization level based on risk scope and the degree of authority
  • Saving precious executive time used in handling risks and missed opportunities

Personal Impact

By attending this risk management training course, delegates will benefit from:

  • Increasing your awareness of negative risks and opportunities
  • Understanding your roles in risk management planning and executing it as part of the project management plan
  • Understanding and applying various risk response strategies such as avoidance, mitigation, transfer, acceptance and escalation
  • Professionalism in drafting contract conditions to mitigate risks and reduce claims
  • Building a career in risk management by getting an international certificate

WHO SHOULD ATTEND?

This GLOMACS Risk Management Professional training course is intended for a wide-range of professionals starting from senior managers considering risk management in selecting and authorizing project up to the project teams in the trenches using risk management in planning and executing projects different industries covering ICT projects, business transformation projects, construction and Oil and Gas, projects; including but not limited to:

  • Senior managers and portfolio governance board members
  • Program managers, their teams
  • Project managers, their teams
  • PMO directors and staff
  • Functional managers in engineering, finance and procurement
  • Contract specialists, contract engineers, planners and cost estimators
Course Outline

DAY 1

The Foundation and Strategies for Risk Management

  • Training course objectives and introduction
  • Definitions: uncertainty; risk; and risk attitude, appetite and Threshold
  • Risk management in organizations, portfolio, program and project levels
  • Assessing overall business environment and its impact on risks
  • Establish risk management strategy and documenting the risk management plan
  • Workshop: Sample risk management plan
  • How to prepare and apply for the PMI-RMP certification exam

DAY 2

Risk Identification in Collaboration with Stakeholders

  • Communicate and engage stakeholders in risk management
  • Identify stakeholder risk attitude, appetite, and threshold
  • Identify risks using workshops, focus groups, Delphi and other exercises
  • Review documents and examine assumptions and constraints
  • Develop risk register, and assign responsibilities
  • Workshop: Risk register for the case study project

DAY 3

Estimate the Risk Impact on Schedule and Cost

  • Create the Work Breakdown Structure (WBS)
  • Define activities and their logical sequence
  • Develop project schedule and CPM Analysis
  • Estimate costs: cost types and estimate techniques
  • Create the integrated performance measurement baseline
  • Overview of the Earned Value Management (EVM)
  • Workshop: CPM and EVM workshop

DAY 4

Risk Analysis and Risk Response Planning

  • Perform risk classification based on the risk category
  • Qualify and prioritize risks based on probability and impact matrix
  • Perform quantitative risk analysis
  • Assess overall threats and opportunities and their impact on project objectives
  • Workshop: Update risk register after qualitative analysis
  • Workshop: Risk simulation using Monte Carlo technique
  • Select the appropriate risk responses for threats and opportunities

DAY 5

Monitor and Close Risks

  • Create and implement Risk Action Plans (RAPs)
  • Risk response quiz
  • Monitor response implementation
  • Manage residual and secondary risks
  • Audit and report overall project risk levels
  • Overall review and Q/A session
  • Training Course Closure
Certificates
  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo
  • Quality Logo

A PMI registered mark

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

Oxford Management Centre

Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

Visit website

The Energy Training Centre

The Energy Training Centre

Our collaboration with Energy Training Centre aims to provide the best training services and benefits for our valued clients

Visit website

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Frequently Asked Question:

How can I find out more information about a specific course?

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.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

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

Will I receive a certificate upon completing a GLOMACS course?

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.

Does GLOMACS offer customized training for organizations?

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.

How can I register for a GLOMACS course?

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.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

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

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

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

Why should I choose GLOMACS?

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

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