Project Risk Academy

Understand project risk.
Make better project decisions.

Explore how risk informs the decisions that shape a project—from understanding an opportunity and selecting an option to approving investment, managing delivery and handing over to operations.Our approach connects practical risk management with project governance, assurance and decision-making.

An illustrated project journey: five stages and decision gates sit within a governance frame, with branching paths representing uncertainty and options.

01 / OUR APPROACH

Governance provides the framework.
Risk informs the decisions.

Every project develops through work, evidence and decisions.The governance model establishes who decides, what evidence they need and who is accountable. Project management processes develop the plan and manage its delivery. Gates bring the evidence together to determine whether—and under what conditions—the project should proceed.A risk lens runs throughout: challenging assumptions, understanding uncertainty, testing responses and making the implications clear.

Governance frames project stages and decision gates. Stages produce evidence for gates; decisions feed back into the work. A risk lens applies throughout.

Follow the project.
Understand the decisions.

Explore the opportunity
What are we trying to achieve, and what uncertainty could affect its value?Compare the options
How do the alternatives differ in benefits, cost, time and exposure?Commit with evidence
Is the plan credible, what outcomes are possible, and what conditions should accompany approval?Manage delivery
What has changed, are responses working, and when should we intervene?Prepare for handover
What risk remains, who will own it, and what could affect operational performance and benefits?

02 / METHODS IN CONTEXT

Learn the methods in context.

Understand and manage risk

Risk identification, qualitative assessment, registers, ownership, responses and monitoring—connected to project objectives and practical action.

ESAR

Assure the plan

Estimate and Schedule Assurance Review (ESAR) examines the scope, assumptions, estimate and schedule supporting a decision.

CSRA

Analyse uncertainty

Cost and Schedule Risk Analysis (CSRA) explores potential outcomes, the drivers of exposure and the effect of response choices.

Use the evidence

Bring the findings into gate reviews, approval conditions, contingency decisions and accountable follow-through.

03 / INSIGHTS & LEARNING

Insights and learning

Practical articles, worked examples and learning resources are being developed around this approach.

Courses

Course details will follow as the learning programme takes shape.

Apply the approach to your project.

Discuss a governance or gate challenge, estimate and schedule assurance, or cost and schedule risk analysis.

PROJECT RISK ACADEMY