By the end of this training course, participants should be able to:

• Understand the nature of risk and uncertainty in project management.
• Conduct detailed cash flow and financial modeling to support investment decisions.
• Use advanced tools, including Monte Carlo simulations and sensitivity analysis, for risk evaluation.
• Develop and implement risk management plans throughout the project lifecycle.
• Optimize project outcomes through effective decision-making under uncertainty.

• Project Managers and Coordinators
• Financial Analysts and Risk Managers
• Investment and Feasibility Analysts
• Engineers and Decision-Makers involved in capital projects

This course employs a combination of interactive lectures, case studies, and practical exercises. Participants will explore real-world scenarios and utilize decision-making tools to develop skills in risk assessment and management. Group discussions and simulations will provide a dynamic learning environment to reinforce theoretical knowledge.

Module One: Introduction to Risk and Uncertainty in Projects

• Risk vs. uncertainty: Key concepts and their impact on project outcomes
• Critical decision points in the project lifecycle
• Overview of risk assessment frameworks and methodologies

Module Two: Financial Modeling and Cash Flow Analysis

• Developing cash flow models tailored for capital projects
• Techniques for managing uncertainty in financial projections
• Hands-on Activity: Prepare and analyze a cash flow model under varying conditions

Module Three: Tools and Techniques for Risk Analysis

• Monte Carlo simulations and decision tree analysis: Practical applications
• Sensitivity analysis to identify key risk factors
• Scenario planning for dynamic decision-making
• Case Study: Conduct risk analysis using decision-making tools

Module Four: Implementing Risk Management Strategies

• Prioritizing risks and formulating response strategies
• Building and executing risk management plans
• Monitoring, controlling, and adapting to risks during project execution
• Group Exercise: Develop a comprehensive risk management strategy for a simulated project

CDGA attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.