Risk Management & Mitigation Strategies in Mega Projects

Course Introduction

Seattle International Institute for Training offers a specialized training course in Risk Management & Mitigation Strategies in Mega Projects. This course is tailored for engineers, project managers, and decision-makers in the oil, gas, and energy sectors seeking to lead complex capital projects efficiently, manage risks, control costs, and align execution with strategy.

Course Objectives

- Master advanced project management tools and frameworks.

- Apply strategic planning and execution methodologies.

- Enhance contract management and negotiation techniques.

- Analyze and control project costs, budgets, and resources.

- Implement risk assessment and mitigation best practices.

Target Audience

- Project Managers and Engineers

- Planning and Cost Control Engineers

- Contract Managers and Procurement Professionals

- Risk and Portfolio Managers

- PMO Members and Technical Team Leaders

- Professionals from KOC, KNPC, Aramco, ADNOC, and other major energy companies

Course Outline

Day 1: Project Management Foundations

·         Project lifecycle in oil & gas sector

·         Project governance and organizational context

·         Stakeholder engagement and communication

·         Project charter and scope definition

·         Project planning processes and WBS

·         Case study: project initiation

Day 2: Risk and Strategic Planning

·         Risk identification and qualitative analysis

·         Quantitative risk modeling techniques

·         Contingency planning and risk response

·         Strategic alignment of projects

·         Tools for scenario analysis

·         Risk register development workshop

Day 3: Cost Estimation & Budgeting

·         Cost estimation techniques in energy projects

·         Budget development and control processes

·         Earned Value Management (EVM)

·         Cash flow and forecasting models

·         CapEx vs. OpEx considerations

·         Project financial health indicators

Day 4: Contracts & Execution Oversight

·         Contract types and risk allocation

·         Key clauses and negotiation tactics

·         Change orders and claims management

·         Contractor performance monitoring

·         Execution phase control and KPIs

·         Workshop: contract case scenario

Day 5: Leadership & Project Integration

·         Leading multidisciplinary project teams

·         Communication and decision-making under pressure

·         Integrated project delivery models

·         Lessons learned and knowledge transfer

·         Project closure and benefits realization

Final team presentation and feedback session