Developing and Implementing a Risk Management Program

Start Date End Date Venue Fees (US $)
10 Nov 2024 Barcelona, Spain $ 4,950 Register
24 Nov 2024 Dubai, UAE $ 3,900 Register

Developing and Implementing a Risk Management Program

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 course addresses these issues in a concise and pragmatic manner. 

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding. The 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.

Objectives

    By the end of this 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 is an interactive course. There will be open question and answer sessions, regular group exercises and activities, videos, case studies, and presentations on best practice. Participants will have the opportunity to share with the facilitator and other participants on what works well and not so well for them, as well as work on issues from their own organizations. The online course is conducted online using MS-Teams/ClickMeeting.

Who Should Attend?

This course is suitable for a wide range of professionals but will greatly benefit:

  • Project Management Team members
  • Operations Managers
  • Project Managers
  • Oil and Gas Enterprise Architects

Course Outline

Day 1: Getting Started

  • Pro’s and con’s 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 register

  • Risk Management Planning

  • Risk Identification

  • Risk Identification tools & Techniques

Day 3: Risk Analysis

  • Qualitative Risk Analysis

  • Quantitative Risk Analysis

Day 4: Risk Responses & Managing Risks

  • Risk Response planning

  • Building a Risk Management Plan

  • Calculating the risk management budget

  • Monitoring & Reviewing

  • Opportunity Assessment

  • Project Execution Risk Assessment

Day 5: Reporting Risk Management Outcome

  • Creating an Oil & Gas Risk Questionnaire

  • Risk evaluation

  • Risk evaluation report

  • Course evaluation

Accreditation

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