Risk Assessment & Risk Management for Oil & Gas

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.

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

Target Audience:

This course is ideal for:

Ø  Operations supervisors and production managers.

Ø  Maintenance and reliability engineers.

Ø  Project managers and planning engineers.

Ø  Field operators and site supervisors in oil and gas facilities.

Ø  Emergency response and crisis management coordinators.

Ø  Risk analysts and performance improvement professionals.

Course Outline:

Day 1: Introduction to Organizational 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 Organizations’ (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