PM0327 : Risk Assessment & Risk Management for Oil & Gas Projects

This practical and highly-interactive course includes real-life case studies where participants will be engaged in a series of interactive small groups and class workshops.
This course is designed to provide participants with a detailed and up-to-date overview of Risk Assessment & Risk Management for Oil and Gas Projects. It covers the risk management in oil and gas projects, oil and gas project lifecycle and risk exposure; the risk management framework and principles and risk categories in oil and gas projects; the risk context, risk criteria and risk management planning; the systematic risk identification techniques and technical and engineering risk identification; the HSE and process safety risk identification, project execution and commercial risks, qualitative risk assessment and risk register; and the fundamentals of quantitative risk analysis.
During this interactive course, participants will learn the probability and statistical concepts for risk analysis, quantitative cost risk analysis and schedule risk analysis; the monte carlo simulation for project risk, advanced risk analysis techniques and developing risk response strategies; the effective risk mitigation actions and HSE and process safety risk control including contractual and supply chain risk management; the cost and schedule risk mitigation and emergency, crisis and business continuity risks; the risk monitoring and control throughout project execution, key risk indicators and risk reporting; and the integration of risk with project controls and risk-based decision-making.