The Role of Risk Management and Governance in Vision 2030 Realization

Upcoming Sessions

Classroom sessions
Online sessions

Course Introduction

Saudi Vision 2030 is a bold transformation agenda that depends heavily on a strong governance structure and an effective risk management culture within the executing organizations. While Vision Realization Programs (VRPs) outline the strategic path, the successful delivery of these initiatives requires clear decision-making authority, proper accountability, and the ability to manage uncertainty and change.

Governance defines who makes decisions, how decisions are made, and how collaboration is enabled, while risk management focuses on reducing threats and maximizing opportunities in initiatives, programs, and projects. When both are applied effectively, they become the backbone of sustainable strategy implementation and long-term vision achievement.

This The Role of Risk Management and Governance in Vision 2030 Realization training course explores the various governance dimensions, levels, and structures within organizations and across portfolios. Participants will gain deep insights into risk management principles, tools, and techniques, and learn how governance and risk management together ensure the successful realization of Vision 2030 objectives.

This course will feature:

  • The relationship between vision, strategy implementation, governance, and risk management
  • Common pitfalls in vision realization and strategy execution
  • Governance layers that exist within organizations
  • Functions, domains, and processes to implement governance based on PMI’s guidance
  • The role of risk management in decision-making under uncertainty

Objectives

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

  • Design and implement a governance framework that supports vision realization and strategy implementation
  • Use governance and risk processes to select, define, and initiate the best mix of initiatives and projects aligned with Vision 2030
  • Deliver strategic initiatives successfully, achieving desired benefits while managing risks effectively
  • Apply key governance functions and domains, ensuring strong alignment across portfolios, programs, and projects
  • Implement best practices in risk management, applying principles and processes that support strategic decision-making

This course enables participants to build a strong governance and risk management foundation that drives successful transformation and supports the long-term realization of Vision 2030 goals.

Training Methodology

This training course uses proven adult learning techniques designed to maximize understanding and retention. Each topic is introduced through engaging lectures that clearly explain governance and risk concepts in the context of Vision 2030. The facilitator uses real-life case studies and interactive workshops to reinforce learning and demonstrate practical application.

Participants will also be encouraged to apply what they learn through group discussions and peer learning sessions. These collaborative activities help participants understand how governance and risk management can be applied to their own strategic initiatives, VRPs, and organizational portfolios. The course ensures a balanced learning experience that combines theory, practical tools, and hands-on exercises.

Who Should Attend?

This training course is ideal for professionals responsible for planning, executing, and overseeing strategic initiatives aimed at achieving Vision 2030. It is suitable for individuals involved in governance, risk management, and strategy implementation across organizations.

Recommended attendees include:

  • Senior managers responsible for strategy planning and implementation
  • Senior managers overseeing portfolio governance and strategic alignment
  • Risk managers, portfolio managers, program managers, and project managers
  • Leaders and executives driving transformation initiatives
  • Heads of Department and functional leaders involved in strategic decision-making

This course helps participants build the knowledge and skills needed to strengthen governance frameworks, manage strategic risks, and deliver value through effective implementation.

Course Outline

Day 1: Governance, Risk and Vision Realization Concepts

  • 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)

Day 2: Governance Functions and Stage Gate Process

  • 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

Day 3: OPM Governance Domains and its Processes

  • 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

Day 4: Strategy Implementation and Strategic Risk Management

  • 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

Day 5: Tools and Techniques for Risk Assessment and Analysis

  • 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

Accreditation

PMI Approved Training Courses

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Project Management (PM)

Related Certificates

PMI Approved Training Courses

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

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Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

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