Engineering Project Risk and Cost Control
Tutor-Led Class @ NGN250,000.00 per Participant
Online @ NGN230,000.00 per Participant
On-Site available on formal request
Venue: Workproskills Training Centres
Dates: Lagos (Nov. 3 - 7, 2025), Abuja (Nov. 17 - 21, 2025), Port Harcourt (Nov. 10 - 14, 2025), Ota (Nov. 24 - 28, 2025)
Time: 0900Hr - 1600Hr Daily
Course Overview
This intensive 5-day training course provides engineers and project professionals with the skills to manage risk and control costs across the project lifecycle. Participants will learn how to identify project risks, assess their impact, and implement mitigation strategies that align with scope, schedule, and budget objectives.
The course covers cost estimation techniques, risk registers, earned value management, and contract risk analysis. Through simulations and case studies, attendees will gain hands-on experience in applying risk control tools to real-world engineering projects.
Learning Objectives
- Identify and assess risks across engineering project phases
- Apply cost estimation and budgeting techniques
- Use earned value and performance metrics to monitor progress
- Develop and maintain project risk registers
- Analyze contract and procurement risks
- Implement mitigation strategies for schedule and cost overruns
Who Should Attend
- Project engineers and managers
- Cost controllers and estimators
- Procurement and contract officers
- Construction and infrastructure professionals
- Risk analysts and planning specialists
Course Outline
Day 1 – Project Risk Fundamentals
- Types of engineering project risks
- Risk lifecycle and project phases
- Stakeholder roles and responsibilities
- Risk governance and reporting structures
Day 2 – Cost Estimation and Budgeting
- Cost estimation methods and tools
- Budget development and contingency planning
- Cost risk analysis and forecasting
- Linking cost to scope and schedule
Day 3 – Risk Identification and Assessment
- Techniques for identifying project risks
- Qualitative and quantitative assessment
- Developing risk registers and matrices
- Scenario planning and sensitivity analysis
Day 4 – Risk Response and Control
- Risk treatment strategies and control design
- Earned value management and performance tracking
- Contractual risk and procurement controls
- Monitoring and reporting tools
Day 5 – Integrated Project Risk Management
- Case studies from infrastructure and energy sectors
- Group simulation: cost-risk dashboard
- Capstone presentations and peer review
- Action planning for project risk control
Course Details
Duration: 5 days
Time: 9:00 AM - 4:00 PM daily
Venue: Workproskills Training Centres (Lagos, Abuja, Port Harcourt, Ota) + Virtual option
Fees & Inclusions
NGN250,000 per participant. Includes training materials, refreshments, certificate, and access to post-course resources.
Certification
Certificate of Completion in Engineering Project Risk and Cost Control issued by Workproskills Consult.