The Role of Risk Management
and Governance in Vision 2030 Realization

The successful realization of the Saudi Vision 2030's and the related Vision Realization Programs (VRPs) depends - among other factor- on the existence of an appropriate governance framework and a strong risk management culture in the performing organizations.

Governance typically focuses on who makes the decisions, how the decisions are made, and collaboration enablers, while risk management focuses on decreasing the threats and enhancing the opportunities of implementing initiatives, programs and projects to realize the vision and strategies.

The Role of Governance and Risk Management in Vision 2030 Realization training course shall investigate the different dimensions, levels, relationships, and types of Governance that may exist within or across an organization. The training course shall also provide the principles, practices, tools and techniques of risk management and its role – combined with governance – in successful realization of the vision and the strategies and programs related to it.

This The Role of Risk Management and Governance in Vision 2030 Realization training course will feature:

• The relation between the vision, strategy implementation, governance and risk management
• The pitfalls facing the realization of visions and implementation of strategies 
• The different governance layers that may exist in an organization
• The functions, domains and processes to design and implement governance according to the PMI’s “Governance of portfolios, programs, and projects: a practice guide”
• The role of risk management in vision realization and decision making under uncertainty

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

• Design and implement a governance frame to vision realization and strategy implementation
• Utilize governance and risk processes to select, define and initiate the best mix of initiatives and projects that supports the vision realization
• Successfully deliver the strategy with the desired benefits and mitigated risks
• Apply the functions and domains of good governance
• Apply the principles and processes of good risk management

This The Role of Risk Management and Governance in Vision 2030 Realization training course is suitable to a wide range of professionals involved in planning and implementing strategies towards achieving their contribution of Vision 2030:

• Senior managers involved strategy planning and implementation
• Senior managers involved in the governance and strategic alignment of project portfolios
• Risk managers, portfolio managers, programme managers and project managers
• Leaders and Executives
• Heads of Department

This The Role of Risk Management and Governance in Vision 2030 Realization training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The facilitator will introduce each of the core topics using a lecture format supported by case studies and workshops for governance and risk management. Peer learning is promoted as delegates are encouraged to discuss how techniques may apply within the Vision 2030 realization initiatives.

• Course Opening and Pre-Course Assessment
• Understanding the strategy concepts in relation to governance and risk management
• Strategy realization pitfalls, and how to overcome them
• Strategic risk, operational risk and project risk
• The role of governance and risk in vision 2030 realization
• Coordination between governance and portfolio management
• The vision realization office (VRO) and the portfolio, programme and project offices (EPMO)

• Differences between management and governance
• Governance layers: Organizational governance and Project Management Layers
• Organizational Project Management (OPM) Governance
• Implementing a PMO with a clear governance roles
• Portfolio and project governance board(s)
• Governance and Stage gates process
• Case Study and Q/A

• OPM Governance Alignment Domain and its processes
• OPM Governance Risk Domain and its processes
• OPM Governance Performance Domain and its processes
• OPM Governance Communication Domain and its processes
• Overall Course Review
• Post Course Assessment

• The role of risk management in strategy implementation
• Decision making under certainty and uncurtaining
• Overview of Enterprise Risk Management (ERM) and ISO 31000 for Risk Management
• The guiding principles for strategic risk management
• Managing strategic and portfolio risks during vision realization
• Portfolio risk categorization and balancing
• Portfolio Risk Management framework and Plan
• Case Study and Q/A

• Risk assessment tools and techniques
• Risk Analysis tools and techniques
• Risk Treatment tools and techniques
• Risk Governance tools and techniques
• Computer-aided simulation of portfolio risks
• Case Study and Q/A

Anderson Certificate of Completion will be provided to delegates who attend and complete the course