Professional training course · PM-008
Project Risk, Uncertainty & Decision Analysis
Course Introduction “Project managers are the most creative professionals in the world; we have to figure out everything that could go wrong, before it does” Project…
- 5 daysClassroom or online
- 14Upcoming dates
- 14Cities
- £2,250Fees from
Course overview
Course Introduction
“Project managers are the most creative professionals in the world; we have to figure out everything that could go wrong, before it does”
Project management professionals are increasingly called upon to make critical business decisions under pressure in complex, uncertain, and dynamic environments. This Project Risk, Uncertainty & Decision Analysis training course addresses advanced concepts in Project Management and Risk Management to equip participants with the tools and strategies needed to navigate these challenging situations. The course offers a systematic approach to the project management process, designed to facilitate the effective and efficient achievement of business objectives. Participants will gain practical insights into developing a comprehensive project plan, crafting a robust risk management strategy, and creating a stakeholder management strategy. Tips, techniques, and strategies will be provided to support these efforts and enhance your ability to manage projects successfully in a rapidly evolving business landscape.
Training Objectives
This training course aims to enable participants to achieve the following critical objectives:
- Obtain a Fundamental Understanding of Project Management Concepts
- Prepare and Execute an Effective Project Plan
- Identify and Analyse Project Risk
- Apply Effective Strategies to Address Typical Project Issues
Who should Attend?
This training course is suitable to a wide range of professionals but will greatly benefit:
- Professionals Who Make or Support Project Decisions and Would Like to Be Able to Develop and Justify Effective Solutions
- Project Management Professionals and Supporting Personnel
- Internal Auditors and Management Accountants
Course outline
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1Day One: Introduction to Project Management and Risk Management
- The nature of projects and project management
- Project/program and portfolio management
- Project organization, project life cycle and Stage Gate approach
- Project Initiation
- Scope definition and Work Breakdown Structure (WBS)
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2Day Two: Project Schedule and Cost Management
- Defining and sequencing project activities
- Schedule Development
- Resource management
- Estimating costs and determining budgets
- The earned value management (EVM) concept
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3Day Three: Risk Identification and Planning
- Decisions under certainty, risk and uncertainty
- Risk management overview
- Contemporary concepts and standards in risk management
- Risk management planning process
- Risk identification and assessment
- Qualitative risk analysis
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4Day Four: Risk Response Strategies and Risk Control
- Schedule-Risk and Cost-Risk Analysis
- Risk Response Strategies
- Risk Response Implementation
- Risk monitoring and follow-up
- Risk Reporting
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5Day Five: Project Execution, Monitoring & Closure
- Managing stakeholder expectations
- Managing project communications
- Managing the project team
- Effective project closure
- Lesson learned
- Post-project evaluation and Benefit Realisation
Schedule
Dates and fees
14 upcoming dates in 14 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,050.
No dates in this city right now. Request a quotation and we will suggest the nearest date.
Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.
Questions
Frequently asked questions
How long is the Project Risk, Uncertainty & Decision Analysis course?
The course runs over 5 days of classroom training, usually Monday to Friday.
When is the next Project Risk, Uncertainty & Decision Analysis course?
The next public date is 16 - 20 Nov 2026 in Barcelona. There are 14 upcoming dates in total.
Where is this course held?
Upcoming sessions run in Barcelona, Dubai, Cape Town, Amsterdam, London, Istanbul, Munich, Paris, Frankfurt, Kuala Lumpur, Rome, Vienna, Geneva, Madrid.
Can I take Project Risk, Uncertainty & Decision Analysis online?
Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,050 per participant. Choose "Live online" in the dates table when you register.
How much does the course cost?
Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.
Do participants receive a certificate?
Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.
Can this course be delivered in-house for our team?
Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.
Course information last updated 14 November 2026.
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