Day One: Introduction to Organisational RiskPro’s and con’s of risk managementPractical experience with risk assessment & risk management in various industriesRisk Management throughout a project life cycleMethods to increase company-wide awareness, understanding & senior level supportRisk Management at various levels of an organizationBusiness risks vs technical risks vs implementation risks Day Two: The Risk Management Process Wheel & Identifying riskProactive Risk Management ProcessThe risk management process wheelThe risk registerRisk Management PlanningRisk IdentificationRisk Identification tools & Techniques Day Three: Risk AnalysisQualitative risk analysisHigh Reliability Organisations (HROs)The risk matrixDecision Making Grid (DMG)Quantitative Risk Analysis (QRA)Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD) Day Four: Risk Responses & Managing RisksRisk Response planningBuilding a Risk Management PlanCalculating risk management budgetMonitoring & ReviewingOpportunity AssessmentProject Execution Risk Assessment Day Five: Reporting Risk Management OutcomeWhat makes a bad report?What makes a good report?Creating an oil & gas risk questionnaireRisk evaluationRisk evaluation reportCourse evaluation
Why Choose this Training Course?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 training course will feature:Project management and risk assessment in oil and gas industrySetting criticality analysis and priorities for different assetsPerformance of root cause analysisManaging performance of assetsLearning from major failures in different industriesWhat are the Goals?By the end of this York Britishtraining course, participants will be able to:Use practical steps and processes to manage project riskIdentify threats & opportunities & weigh their relative value in a projectControl multiple risks using limited strategiesOvercome psychological barriers to risk in stakeholders & team membersEvaluate risk assessment & risk management during the project closure phase of the projectWho is this Training Course for?This training course is suitable for a wide range of professionals who are involved in any aspect of Project and Risk Management and who want to understand, implement and improve the latest Risk and Project Management concepts, processes and ideas.Project Management Team membersOperations ManagersProject ManagersOil and Gas Enterprise ArchitectsAsset ManagersMaintenance ManagersMaintenance & Reliability EngineersTechnical managers & supervisorsBoard level executives and non-executivesConsultants in Project, Asset, Maintenance and Risk ManagementHow will this Training Course be Presented?This training 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.