Risk Management for Oil and Gas Projects Training
From $4050 per attendee
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Dubai
9 December, 2024 - 11 December, 2024
Book CourseHouston
7 April, 2025 - 9 April, 2025
Book CourseLondon
2 June 2025 - 4 June, 2025
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Course Information
- Course Content
- Course Description
- Course Objectives
- Who Should Attend
- CPD Unit
Course Content
- Principles of risk management and oil and Gas projects
- The risk management plan
- The Risk Management Process:
I. Risk Identification
II. Assessment (qualitative & quantitative)
III. Risk Index
IV. Risk Responses & treatments
- Create a risk management plan
- Implementation of Risk Management practice
Day 1
Risk Engagement and Alignment
Objectives
- Explain the Risk Management Process E2E (End to End)
- Operational Risk & the Operational Management Framework – A reality check
- Operational Risk Sources and Measurement Approaches
Topics
Overview of the Risk Management Standards and the Operational Risk Environment
Group Exercise: Identify the key components of your Risk Management Plan (we will use a simple O&G project as an example).
Communication, engagement, collaboration and participation – initiation of a risk management practice, tools & techniques
Summary & wrap up
Day 2
Risk Identification, Assessment and Quantification
Objectives
- How to perform the operational risk qualitative and quantitative analysis
- Identify key Indicators and their use.
- Risk assessments and scenarios
- Risk response and strategies
Topics
Purpose and Objectives of the Perform Qualitative Risk Analysis Process
Risk Information QA
Iterative Qualitative
Risk taxonomy
Purpose and Objectives of the Perform Quantitative Risk Analysis Process
Unbiased Data
Interrelationships between Risks in Quantitative Risk Analysis
Risk Impact Calculation
Presenting Quantitative Results
Risk Response Strategies
Risk Core Responses
Group exercise: Building, using and interpreting a Risk Register.
Summary & wrap up
Day 3
Risk Track, Oversight and Closing
Objectives
- Risk monitor, control and oversight
Topics
Risk management sustainability & engagement
Transforming your culture
Production vs Prevention
Customize your Risk Management and Program Plan
Q & A
Course Description
Risk Management for Oil and Gas Projects Training Course
This course introduce delegates (project managers, sponsors, project engineers and the project team) to Risk Management best practices as dictated by the Project Management Institute and their Risk Management Standards to the Oil & Gas Industry.
The course focuses as well on many other international standards and management systems, supporting risks related to asset damage, business interruption, pollution, injuries to people, and damage to properties are intrinsic in normal oil and gas activities.
This is a hands on training, so delegates will go through a series of workshops about how to create, manage and sustain a risk management program in your facilities.
Course Objectives
The main objectives of this short course are:
- Learn how setup a healthy Risk Management practice for the oil and gas project
- Create a risk management plan
- Understand the typical risk management process
- Prepare to handle and the probability and/or impact of unfortunate events
- Prepare to handle and maximize risk opportunities
- Communicate risks efficiently
- Apply the risk management to other project management key areas (scheduling, tracking & oversight, project communication & status)
Who Should Attend
Project stakeholders especially those involved with risk identification and management and the impact on performance.
CPD Unit
Continuing Professional Development
21 HOURS CPD