Risk Management for Oil and Gas Projects Training

• Principles of risk management and oil and Gas projects
• The risk management plan
• The Risk Management Process:

I.   Risk Identification

II.  Assessment (qualitative & quantitative)

III. Risk Index

IV. Risk Responses & treatments

• Create a risk management plan
• Implementation of Risk Management practice

Day 1

Risk Engagement and Alignment

Objectives         

• Explain the Risk Management Process E2E (End to End)
• Operational Risk & the Operational Management Framework – A reality check
• Operational Risk Sources and Measurement Approaches

Topics

Overview of the Risk Management Standards and the Operational Risk Environment

Group Exercise: Identify the key components of your Risk Management Plan (we will use a simple O&G project as an example).

Communication, engagement, collaboration and participation – initiation of a risk management practice, tools & techniques

Summary & wrap up

Day 2

Risk Identification, Assessment and Quantification

Objectives         

• How to perform the operational risk qualitative and quantitative analysis
• Identify key Indicators and their use.
• Risk assessments and scenarios
• Risk response and strategies

Topics

Purpose and Objectives of the Perform Qualitative Risk Analysis Process

Risk Information QA

Iterative Qualitative

Risk taxonomy

Purpose and Objectives of the Perform Quantitative Risk Analysis Process

Unbiased Data

Interrelationships between Risks in Quantitative Risk Analysis

Risk Impact Calculation

Presenting Quantitative Results

Risk Response Strategies

Risk Core Responses

Group exercise: Building, using and interpreting a Risk Register.

Summary & wrap up

Day 3

Risk Track, Oversight and Closing

Objectives         

• Risk monitor, control and oversight

Topics

Risk management sustainability & engagement

Transforming your culture

Production vs Prevention

Customize your Risk Management and Program Plan

Q & A