Risk Assessment & 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.

Using a mixture of presentations, discussions and practical exercises related to the Oil and Gas industry, this training course addresses these issues in a concise and pragmatic manner.

This GLOMACS Risk Assessment &  Risk Management for Oil & Gas Projects training course will feature:

• Project management and risk assessment in 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

Objectives

By the end of this training course, 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

Training Methodology

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding. The training course will be highly interactive. Following an introductory session, short input sessions will be provided followed by delegates being given the opportunity to put into practice the lessons learned in the preceding topic. Illustrations of risk management from the real world will be provided and delegates will be encouraged to contribute examples and illustrations from their own experiences.