Risk Management for Oil & Gas Projects

Introduction:

Because of increased pressure to deliver projects on time, within budget, and with the agreed components, the need to identify, manage, and control the project-based risks becomes central to success. Project Managers need to use tried and accepted techniques for managing identified risks and have access to practical strategies for dealing with issues as they emerge

Targeted Groups:

Project Management Team members
Operations Managers
Project Managers
Oil and Gas Enterprise Architects
Asset Managers
Maintenance Managers
Maintenance & Reliability Engineers
Technical managers & supervisors
Board level executives and non-executives
Consultants in Project, Asset, Maintenance and Risk Management

Course Objectives:

At the end of this course the participants will be able to:

Use practical steps and processes to manage project risk
Identify threats & opportunities & weigh their relative value in a project
Control multiple risks using limited strategies
Overcome psychological barriers to risk in stakeholders & team members
Evaluate risk assessment & risk management during the project closure phase of the project

Targeted Competencies:

Project management and risk assessment in the oil and gas industry
Setting criticality analysis and priorities for different assets
Performance of root cause analysis
Managing performance of assets
Learning from major failures in different industries

Course Content:
Unit 1: Introduction to Organisational Risk:

Pro’s and con’s of risk management
Practical experience with risk assessment & risk management in various industries
Risk Management throughout a project life cycle
Methods to increase company-wide awareness, understanding & senior-level support
Risk Management at various levels of an organization
Business Risks VS Technical Risks VS Implementation Risks

Unit 2: The Risk Management Process Wheel & Identifying Risk:

Proactive Risk Management Process
The risk management process wheel
The risk register
Risk Management Planning
Risk Identification
Risk Identification tools & Techniques

Unit 3: Risk Analysis:

Qualitative risk analysis
High-Reliability Organisations (HROs)
The risk matrix
Decision Making Grid (DMG)
Quantitative Risk Analysis (QRA)
Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD)

Unit 4: Risk Responses & Managing Risks:

Risk Response planning
Building a Risk Management Plan
Calculating risk management budget
Monitoring & Reviewing
Opportunity Assessment
Project Execution Risk Assessment

Unit 5: Reporting Risk Management Outcome:

What makes a bad report?
What makes a good report?
Creating an oil & gas risk questionnaire
Risk evaluation
Risk evaluation report

Engineering, Oil and Gas

Risk Management for Oil & Gas Projects

Introduction:

Targeted Groups:

Course Objectives:

Targeted Competencies:

Course Content: Unit 1: Introduction to Organisational Risk:

Unit 2: The Risk Management Process Wheel & Identifying Risk:

Unit 3: Risk Analysis:

Unit 4: Risk Responses & Managing Risks:

Unit 5: Reporting Risk Management Outcome:

Our Training Courses

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Istanbul Office (Turkey)

London (UK)

Amman (Jordan)

Course Content:
Unit 1: Introduction to Organisational Risk: