In the world of capital and mega projects, risk management is rarely misunderstood, but it is frequently misapplied. Most organizations maintain risk registers. Most hold periodic workshops. Most can point to a risk matrix on a wall. And yet, the headlines remain unchanged: cost overruns, schedule delays, and benefit shortfalls persist across the globe, from offshore LNG facilities to underground rail systems.
The numbers do not lie, and they are not encouraging.
Why?
Not because risk management is absent. But it is often disconnected from real decision-making, governance, and project execution. These are not random failures. They are systemic. And that is precisely why risk management, when practiced at the advanced level, is not a compliance exercise; it is the most critical discipline in the governance of capital projects
The numbers do not lie, and they are not encouraging.
Why?
Not because risk management is absent. But it is often disconnected from real decision-making, governance, and project execution. These are not random failures. They are systemic. And that is precisely why risk management, when practiced at the advanced level, is not a compliance exercise; it is the most critical discipline in the governance of capital projects
Who is this for?
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Project & Program Managers
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PMO Directors & Portfolio Leads
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Senior Managers & Business Sponsors
- Executives overseeing change initiatives
📅 Dates: This program is only open for in-house clients on a demand basis.
📍 Location: Houston, Texas
Duration & Delivery Format
- A minimum of three days.
- For in-depth coverage and making the workshop highly interactive, we recommend three to five days.
- The day of training is typically 8:30 to 4:30, with a 1-hour lunch and a couple of breaks. However, we can adjust based on the client’s needs.
The workshop is highly interactive. We allocate about 30-35% to lectures. Then, an equivalent amount of time to discuss stories, case studies, and open discussions. The remaining time is for individual and group exercise.
Workshop Modules
1: ISO 31000: Overview & Practical Application
2: PMI Risk Management: Overview & Practical Application
3: Culture & Leadership
4: Decision-Focused Risk Management
5: Risk Identification, Assessment, and Ownership
6: Risk Aggregation & Treatment
7: Capital Projects Context
8: Contract Strategies: EPC Structures
9: Contract Strategies: Split Structures
10: Owner Role: Capacity & Competence – 1
11: Owner Role: Capacity & Competence – 2
12: Action Plans & Closing
Learning Objectives
In this workshop, we focus on:
- Become familiar with the existing guides and standards on risk management
- Learn the Principles, Framework, and Processes of risk management per ISO 31000
- Learn about the need for integration of risk management with governance
- Understand why capital (and mega projects) demand a different approach
- Become aware of the three principles of value-driven risk management
- Understand the special risks that come with capital and mega projects
- Learn about the link between contract strategies and risk management
- Understand the owner’s role in risk management and the need to build competence
Advisor/Workshop Leader
Mounir Ajam
Mounir has over 35 years of experience working on projects worth billions of US dollars. He has global experience in the US, UK, Southeast Asia, West Asia, and the GCC, including industrial and capital projects, and years of experience in consultancy and training. Mounir has worked with global leaders such as Exxon, BASF, Shell, and Saudi Aramco and delivered services to companies including SABIC, Ericson, Etihad Airways, Emirates Global Aluminum, and many ministries and government agencies across West Asia and beyond.
Certificate of Completion
Upon successful completion of the course, learners will be awarded a Certificate of Completion from Uruk Project Management with 40 Contact Hours.
Client Testimonials
“The course was very helpful for our department and will help us to work more effective in the future”
– VP Flight OPS, Etihad Airways
“This is by far the best training course I have been in.”
– Head of Biomedical Engineering, Shaikh Khalifa Medical City, Abu Dhabi, UAE
“Mounir Ajam’s contribution will remain in our memories for ever. His way of passing information by example is outstanding. I would love to take future training with him”
– VP Technical at ARCOM
“The course was excellent and very well presented. The course material and presenter were very qualified and very well trained.”
– Manager, IT Quality Assurance, Saudi Arabia Airlines
Pricing & Packages
Negotiated and a function of the number of days, the number of participants, and the location.