Search for a Glomacs Course by Keywords

Course Schedule
Classroom Sessions:
Date Venue Fees
22 - 26 Jan 2024 Dubai - UAE $5,950
03 - 07 Jun 2024 Dubai - UAE $5,950
Course Description


Risk management is an integral part of day-to-day business activities in many industries and the offshore & marine industry brings along its own inherent areas of risks - ranging from non-compliance of assets and in accordance with legislative bodies, major cost or schedule overruns for projects, asset safety, asset damage, business interruption, pollution, and injuries to people as key examples in addition to common or standard risks inherent in most projects.

In the oil and gas industry, managing marine-based projects in an offshore environment is increasingly complex.  In this Project Risk Management training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The interactive approach is based on PMI® RMP methodology and designed to provide both qualitative and quantitative approaches to risk management allowing delegates to enhance risk management awareness to ensure they can manage projects better - minimising project cost / schedule overruns and thus improving project execution.

This GLOMACS training course will highlight:

  • Learn how to examine both the threats and opportunities facing projects from both a top-down and bottom-up perspective using industry best-practice risk management methodology
  • Understand best how to evaluate and respond to risk at project as well as task levels
  • Achieve the skills to anticipate possible causes of cost and schedule overruns, together with poor quality of work at the earliest possible opportunity in order to take timely corrective action to minimise or mitigate the impact
  • Understand the importance of compliance; both for internal corporate policy and government regulations or legislative bodies, thus avoiding costly schedule or budget headaches


This training course is designed to provide practicing offshore project personnel with the skills and knowledge to successfully manage risk throughout the project cycle. As such, delegates will:

  • Get an overview of the Risk Management Process
  • Use a practical, six-step process designed to manage project risk
  • Learn to identify risks that affect project scope, time & schedule, cost and quality
  • Apply useful techniques to identify, analyse, mitigate and monitor risks throughout the project life cycle
  • Learn how to create an effective risk monitoring plan and consider appropriate risk management strategies to maintain the plan
  • Develop the risk budget based on Expected Monetary Value (EMV)

Training Methodology

Participants will receive a thorough training on the subjects covered with the instructor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology is designed around a PMI® RMP syllabus and includes an insight into appropriate methods as well as industry tools and processes used as practice examples. This training course includes teamwork around an applicable offshore case study, with group discussion and critical analysis of project stakeholders and project context culminating in team project presentations allowing demonstration of practical execution of the tools covered.

Organisational Impact

All organisations will greatly benefit from systematic approach to managing projects, which can improve the likelihood of delivering on-time and on-budget project completion by focusing on:

  • Risk management planning in line with awareness of project objectives
  • Proactive identification of sources of project risks
  • Knowledge of risk compliance issues and practices
  • Understanding the relationship between project scope, associated risks against budget and schedule
  • Knowledge of quantitative techniques that can be used in risk analysis
  • Identifying and evaluating alternative risk strategies and modifying project plans accordingly if appropriate

Personal Impact

  • Identify threats and opportunities and weigh their relative value in relation to projects
  • Learn how to rank risks based on levels of exposure to the company
  • Develop the skills necessary to quantify risks
  • Employ the concept of Expected Monetary Value (EMV) to prioritise the risk mitigation strategy
  • Understand the need to recognise residual risk in project strategies
  • Control multiple risks using concise strategies
  • Learn how to ensure that risk and opportunity are integral components of future project plans


This GLOMACS training course is intended for individuals engaged in multiple disciplines across niche segments of the Offshore & Marine industry including but not limited to:

  • Project Decision-makers
  • Project Managers
  • Project Management Professionals
  • Related Project Support Managers
  • Marine Engineers
  • Mooring Engineers
  • Project Personnel who control project decisions and plans
Course Outline


Risk Management Framework and Planning

  • Key Definitions
  • Purpose & Benefits of Project Risk Management in Offshore Projects
  • Integrating Risk Management into the Project Management Process
  • 6 Steps to Managing Project Risks Successfully in Challenging Conditions
  • Plan the Approach to Offshore Project Risk Management


Project Risk Identification Process

  • Risk Behaviours
    • Recommended Risk Behaviours Suitable for Offshore or Marine Projects
    • Strengths of Collaboration within a Complex and Struggling Industry
    • Stepping-up as an SME and Supporting Project Delivery
  • Risk Identification Processes
    • Risk Identification Guidelines
    • Identify Cost Estimating Methods
      • Learn Accuracy, Allowances, Contingency & Management Reserve
    • Measuring Schedule against Risk – crucial in uncertain conditions
    • Considering Tools for Optimum Offshore Resource Management
    • Identifying and Categorising Risks against Offshore Case Study


Project Risk Assessment and Quantification Processes

  • Risk Analysis Tools & Techniques
  • Risk Analysis Qualitative & Quantitative Approaches
  • Carry-out Qualitative and Semi-quantitative Analysis on Offshore Scenarios
  • Using Decision Trees when Multiple Options are Available
  • Project Risk Rating & Prioritising


Project Risk Response Plan Development

  • Stepping-up as a Risk Leader
    • Decision-Making Skills & Techniques Crucial when Managing Offshore Projects
    • Negotiation Skills to Aid Conflict Management in this Challenging Environment
  • Risk Response Plan Development
    • Appropriate Tools & Techniques to be Used for Offshore Projects
    • Risk Response Strategy Guidelines
    • Develop Appropriate Industry-based Response Strategies
    • Risk Response Analysis
    • Identify Residual Risk and Design Alternative Responses (if required)


Risk Response Control

  • Risk Management Plan Execution
    • Appropriate Offshore Risk Response Control Tools
    • Risk Response Control Guidelines
    • Executing against the Approved Offshore Risk Strategy
  • Evaluating Risk Response Results
    • Creating Example Risk Documentation
  • On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Providers and Associations

Endorsed Education Provider

  • Quality Logo
  • Quality Logo
  • Quality Logo

A PMI registered mark

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

In Association With



Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

Visit website

Options & Brochure
Related Categories

GLOMACS Training & Consultancy
Typically replies within an hour

Hi there 👋
My name is Olivia. Please tell me how I can assist you..