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Risk Management Workshop

Identify Risk Early. Act with Precision.

Risk is present in every major project — and the organizations that manage it proactively are the ones that deliver on time and within budget. Unidentified risks escalate into costly problems. Without a structured approach to risk management, project teams are always reacting rather than controlling, and the financial consequences can be severe.

We provide specialized Risk Management Workshops for EPC and project-driven organizations across the globe. Backed by over 25 years of industry experience, our workshops are designed to meet real-world project challenges. Each session builds the risk management capability of project managers, engineers, and commercial professionals — covering risk identification, assessment, quantification, and response planning.

Our ultimate goal is to embed a structured, proactive risk management culture within your organization. We do this by designing and delivering customized workshop programs aligned with best international practices, ensuring participants gain the tools and techniques to identify risks early, quantify their impact, and implement effective mitigation strategies.

Over the past years, we have successfully facilitated risk management workshops for EPC contractors, project owners, government agencies, and infrastructure developers. Our clients operate across multiple sectors including oil and gas, power, transportation, and industrial projects worldwide.

Risk is Not the Enemy. Unmanaged Risk is.

Every EPC and infrastructure project carries risk. Power plants, refineries, highways, and large civil works involve multiple stakeholders, global supply chains, long lead equipment, and enormous capital investment. Risk is embedded in every phase.
The problem is not risk itself. It is teams that have never been trained to identify it systematically, assess it objectively, or respond to it before it becomes a crisis.
EPC projects in India carry an additional layer of complexity: land acquisition challenges, regulatory approvals, supply chain volatility, contractual disputes, and cost escalations shaped by inflation, commodity prices, and shifting policy frameworks.
RKS Trainings Risk Management Workshop addresses this directly. It is a practical, interactive workshop where your team applies proven risk frameworks to the actual projects you manage.

What is Risk Management in an EPC Context?

EPC project risks refer to uncertain events or conditions that can negatively impact project objectives including cost, schedule, safety, quality, and performance. Due to the scale and complexity of EPC projects, risks arise from many areas: engineering design, procurement operations, regulatory approvals, and contractor coordination, among others.
Risk management is the structured process of identifying those uncertainties, evaluating their likelihood and potential impact, deciding how to respond, and monitoring whether your responses are working. It is an ongoing discipline, not a box you tick at project kick-off.
The three core phases are identification, where potential threats are found before they grow into problems; mitigation, where appropriate steps are implemented to contain and correct the situation; and monitoring, where continuous review ensures the threat remains managed throughout the project lifecycle.

Who Should Attend?

This workshop is designed for professionals across the project delivery chain who identify, assess, and manage risk as part of their regular responsibilities.

Project Managers and Project Directors

responsible for overall project risk governance gain a structured framework for embedding risk management into project execution from the first day of mobilisation.

Risk Managers and Risk Engineers

building and maintaining project risk registers develop more rigorous identification and assessment techniques and learn how to present risk information in a format that drives action.

Contract and Commercial Managers

managing contractual risk allocation gain specific tools for identifying, allocating, and monitoring the contractual risks that represent the largest financial exposure on most EPC projects.

Procurement and SCM Professionals

managing supplier risk and supply chain continuity learn how to build supply chain risk management into their procurement planning process rather than responding to disruptions after they occur.

Planning and Scheduling Engineers

assessing schedule risk and contingency develop quantitative risk analysis techniques that make their schedules more defensible and their contingency estimates more credible.

Site Engineers, Construction Managers, and Finance Teams

all benefit from a common risk language and framework that improves coordination across functions and removes the gaps where risk tends to fall between the cracks.

The workshop is equally valuable for owner-side and contractor-side teams. Some of the most effective outcomes come when both perspectives are in the room together.

Workshop Curriculum

The workshop runs across six modules combining input sessions, facilitated exercises, risk register building, and live case study analysis. All modules are calibrated specifically for the EPC and infrastructure project context.

Module 1: Risk Management Fundamentals

Covers risk, uncertainty, and opportunity; the risk lifecycle from identification to review; ISO 31000 and PMI frameworks; and why risk management commonly fails on EPC projects. Participants also learn risk register structure, ownership, and governance.Workshop: Identify the top ten risks in a real project scenario by category.

Module 2: Risk Identification

Covers structured identification techniques including brainstorming, assumption analysis, checklist reviews, and lessons learned. Participants apply a comprehensive framework across technical, contractual, commercial, procurement, schedule, financial, regulatory, HSE, and force majeure risk categories from tender through closeout.Workshop: Live risk identification using participants' own project environment.

Module 3: Risk Allocation and Key Clauses

Covers Clause 4.10 (Site Data), Clause 4.12 (Unforeseeable Physical Conditions and its different treatment in the Silver Book), Clauses 4.2 and 14 (Performance Securities and Advance Payment), Clause 8.8 (Liquidated Damages), Clause 17 (Limitation of Liability), Clause 18 (Force Majeure), and Clause 19 (Insurance obligations).Workshop: Plot risks on a heat map and prioritise the top five.

Module 4: Risk Response Planning

Covers the four response strategies: Avoid, Mitigate, Transfer, and Accept, applied to EPC risk categories. Practical controls covered include design reviews, dual sourcing, float management, contingency budgets, currency hedging, and escalation clauses.

Module 5: Contractual Risk Management

Covers risk allocation among Owners, Contractors, and Subcontractors under FIDIC Red, Yellow, and Silver Books. Key clauses include Force Majeure, Liquidated Damages, Performance Guarantees, and Unforeseeable Conditions. India-specific risks including land acquisition delays, regulatory approvals, and force majeure under Indian law are addressed. Workshop: Review a sample contract, identify five risk clauses, and develop responses.

Module 6: Risk Monitoring, Reporting, and Culture

Covers embedding risk management into routine project execution through weekly and monthly reviews, live risk registers, Key Risk Indicators, escalation protocols, and management reporting. Also addresses building a proactive risk culture where concerns are raised early. Workshop: Design a monitoring and reporting framework for a live project.

The RKS Approach: Training That Delivers Real Change

01

Grounded in 25 Years of Real Project Experience

Rajeev Sharma has managed the full spectrum of project risks across 25 years at EPC organisations, including L&T Institute of Project Management, GMR Energy, Tata Projects, and Dodsal Engineering in Dubai. He has dealt with vendor defaults, contractual disputes, supply chain failures, force majeure events, and regulatory surprises on live projects. Every module is informed by those experiences, not by textbook frameworks alone.

02

Built for EPC and Infrastructure, Not Generic Risk Theory

Most risk management training is designed for generic business or financial environments. Our workshop is built specifically for EPC, power, oil and gas, and infrastructure projects where risks are technical, contractual, and commercial simultaneously, and where the consequences of poor risk management are measured in schedule delays, cost overruns, and failed projects.

03

Workshop Format, Not a Lecture Series

Participants spend approximately 60 percent of workshop time in exercises: building risk registers, conducting risk identification sessions, plotting risks on heat maps, and developing response plans for real project scenarios. Knowledge is retained through doing, not listening.

04

Customised to Your Projects

Before every engagement, we work with your team to understand your current projects, risk environment, and the specific risk categories that matter most. Case studies, scenarios, and exercises are drawn from your context, not generic examples.

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Programme Format and Delivery

In-person / Classroom

Instructor-led workshop at your office or training venue; ideal for group exercises

Online / Virtual Live

Interactive virtual workshop via Zoom or MS Teams with breakout rooms for exercises

Blended Learning

Pre-workshop risk register template, live sessions, and post-workshop implementation support

Intensive Workshop

Single-module deep dives for teams with a targeted risk management gap

Duration: 2 to 3 days for the full workshop. Individual modules are available as standalone half-day or full-day sessions.
Group Size: 10 to 25 participants, large enough for rich group discussion and small enough for every participant to engage actively.
Certificate: All participants receive a certificate of completion from RKS Trainings. Programme content aligns with the PMI risk management framework and ISO 31000.

Training Programmes at a Glance

Programme
 
 
Duration
 
 
Best For
 
 
Risk Management Fundamentals for Project Teams
 
 
1 Day
 
 
Engineers and managers new to formal risk management
 
 
EPC Project Risk Management: Full Workshop
 
 
2 to 3 Days
 
 
Project teams, risk managers, and commercial leads
 
 
Contractual Risk Management
 
 
1 to 2 Days
 
 
Contract managers, commercial teams, project directors
 
 
Supply Chain and Procurement Risk Workshop
 
 
1 Day
 
 
Procurement, SCM, and vendor management teams
 
 
Risk Register Development: Facilitated Session
 
 
Half Day
 
 
Teams are building a risk register for a specific project
 
 

 

Feedback

See what our customer's saying

4.9 Rated

Rated 4.9 out of 5

“The Program was well packaged, well presented, and well clarified. The discussions were open, honest, very interactive, interesting, and informative. Sh. Rajeev Sharma led us from front throughout the journey of achieving deep knowledge.”

Mr. Thanigaivel Raj

Project Manager, Reliance Industries Limited

5.0 Rated

Rated 5 out of 5

“Your expertise and dedication have been invaluable in enhancing my understanding of these critical business functions. Your ability to present real-world scenarios and practical solutions truly enriched the learning experience.”

Mr. Darshan Rawat

Senior Manager, Procurement, Veolia India

5.0 Rated

Rated 4.9 out of 5

“The program gave special emphasis on the core contents of the subject, supported by well-formulated case studies. The group activity conducted on the case study gave good insight of the topic being discussed.”

Mr. Aditya Deo

L&T Hydrocarbon Engineering

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Every Risk You Identify Today Is a Crisis You Avoid Tomorrow

The difference between projects that finish on time and on budget and those that spiral into claims, delays, and disputes is rarely a technical failure. It is a managerial one: whether the project team had the discipline, the tools, and the training to identify risks early and manage them proactively.
That is the discipline RKS Trainings builds.
  • +91 90104 20088
  • rkstrainings@gmail.com
  • Ashirwad Apartment, B-56 Plot No-11, Sector-12, Dwarka, Delhi

Frequently asked question

Risk management is a team discipline. The most effective workshops bring together project managers, contract managers, procurement leads, planning engineers, and site managers in the same room. Each function sees risks that others miss. The workshop is designed for cross-functional teams, not just designated risk professionals.