INTRODUCTION TO THE COURSE
With growing pressure on organizations to deliver projects within approved budgets, agreed timelines, and specified performance requirements, effective project risk identification, management, and control have become critical to project success. Project managers and technical professionals must apply reliable and proven methodologies to manage identified risks while also implementing practical solutions to address emerging challenges throughout the project lifecycle.
The Risk Assessment & Risk Management for Oil & Gas Projects Training Course addresses these important challenges through a practical and industry-focused approach. Combining presentations, discussions, and hands-on exercises relevant to the oil and gas sector, this training course provides participants with practical knowledge and applicable techniques for effective project risk management.
This Risk Assessment & Risk Management for Oil & Gas Projects Training Course will feature:
- Project management and risk assessment within the oil and gas industry
- Establishing criticality analysis and setting priorities for various assets
- Conducting effective root cause analysis
- Managing asset performance efficiently
- Learning from major industrial failures across different sectors
COURSE DETAILS
Objectives
By the end of this Risk Assessment & Risk Management for Oil & Gas Projects Training Course, participants will be able to:
- Apply practical processes and techniques to manage project risks effectively
- Identify threats and opportunities while evaluating their relative impact on projects
- Control multiple risks using structured and efficient strategies
- Address psychological barriers to risk among stakeholders and team members
- Evaluate risk assessment and risk management practices during project closeout phases
Training Methodology
This training course utilizes a variety of proven adult learning methodologies to maximize participant understanding and engagement. The training course is highly interactive and designed to encourage practical application of learned concepts.
Following introductory sessions, participants will engage in short instructional modules followed by practical exercises that reinforce the lessons covered in each topic area. Real-world examples of risk management practices will be explored, and participants will be encouraged to contribute examples and experiences from their own professional environments to enhance learning and discussion.
Who should Attend?
This Risk Assessment & Risk Management for Oil & Gas Projects Training Course is designed for professionals involved in project management, asset management, maintenance, operations, and risk management who wish to improve their understanding and application of modern risk and project management principles.
This training course will greatly benefit:
- Project management team members
- Operations managers
- Project managers
- Oil and gas enterprise architects
- Asset managers
- Maintenance managers
- Maintenance and reliability engineers
- Technical managers and supervisors
- Board-level executives and non-executive leaders
- Consultants specializing in project, asset, maintenance, and risk management
DAILY AGENDA
Day 1: Introduction to Organisational Risk
- Pros and cons 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
Day 2: The Risk Management Process Wheel & Identifying Risk
- Proactive risk management process
- The risk management process wheel
- The risk registers
- Risk management planning
- Risk identification
- Risk identification tools & techniques
Day 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)
Day 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
Day 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
Certificate
- On successful completion of this training course, KC Academy Certificate will be awarded to the delegates.