Project Control, Risk and Governance

Introduction

The most demanding and challenging aspects of any project lie in effective project control and governance, and at the heart of project control is risk management. This is especially true in the oil and gas industry, where project budgets run into billions of dollars and the risk to human life is an ever-present concern. In a nutshell, the better controlled a project is, the less exposed it is to risk and the more likely it is to be delivered on time, within budget, and without any injuries.

This training course examines the fundamental principles of project control, governance, and risk management, which forms the bedrock of success for every project. While it is true that the most important element of successful project delivery is having a robust plan in place, the most important part of that plan is being able to control the project throughout its lifecycle, through effective change control and risk management methods.

This GLOMACS training course will highlight:

• Understanding the fundamental principles of project control and risk management
• The importance of establishing a robust project management plan
• Why risk management needs to integral and continuous throughout the project life-cycle?
• Developing quantitative risk-based cost and schedule estimates
• How to apply effective management of change methods
• Project performance monitoring and control techniques

Objectives

By the end of this training course attendees will fully understand:

• The importance of project context and project environment
• The twenty project management sequence steps
• How to keep projects under control, within schedule and budget
• How to identify, analyse and effectively manage project risks
• When to exploit project opportunities and when not to

Methodology

This training course will incorporate both theory and skill training components, applying hands-on exercises, facilitation of group discussions, practical case studies and real-life examples.

Organisational Impact

The organisation will benefit by:

• Enhancing performance through optimised project control and risk management methods
• Improving project key performance indicators and success rates
• Increasing the efficiency of their project delivery teams
• Maintaining corporate values through effective risk identification, analysis, and control
• Attracting new clients and improving their reputation with existing clients
• Increasing their project management knowledge base

Personal Impact

Participants will develop additional and valuable skills through:

• Learning improved methods of project control and governance
• Improving their risk identification and analysis skills
• Refining their planning and estimating techniques
• Enhancing their integrated team management skills
• Developing key attributes required of a Project Management Professional
• Becoming an indispensable project team member and leader