training@ipdc.co.id
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Managing Project Risks, Planning & Mitigation in the Oil & Gas Industry Course

No Date Location Register
1 23 - 25 Oct 2019 Bandung Register
2 27 - 29 Nov 2019 Jakarta Register

OVERVIEW

The scrutiny faced by the oil and gas industry has never been greater. The need to manage project risks effectively is therefore of great importance to the industry as a whole. Project risk management (PRM) is about analysing and managing threats and opportunities, in order to achieve your cost, schedule and quality objectives. This trining will take in a proactive and systematic approach, adapting our methodology and techniques to the nature and level of the risks in each project. We help you make better decisions in dealing with the concept to the operation and long-term support for risk management systems and procedures. This seminar also provides a structured approach to managing project related risks that ensure value is protected, and most importantly, minimizes the chances of major events affecting not only the project but the organization as a whole

 

OBJECTIVES

By the end of this training course, participants will be able to:

  • Analysis the world-class risk and cost estimation service
  • Better forecasts
  • Have a greater risk awareness and stakeholder confidence
  • Identification and assessment of project risks
  • Cost risk and schedule assessments

  • Qualitative and quantitative risk assessments
  • Implementation and use of SynergyTM Life

 

TARGET PARTICIPANTS

Anyone working on, interfacing with, or providing governance with respect to oil and gas projects.

 

COURSE CONTENTS

FUNDAMENTAL PROJECT RISK MANAGEMENT CONCEPTS

  • The different about project risk in the Oil and Gas Industry?
  • The dual nature of risk: – threats and opportunities
  • Business, operational and project risk
  • Introducing the risk management process
  • Planning risk management

ROLES AND RESPONSIBILITIES AND IDENTIFYING RISKS

  • Key risks management roles and responsibilities
  • Good practices adopted in oil and gas organisations
  • Oil and Gas Industry specific techniques risks identification
  • The ‘Bow Tie’ methodology
  • Alternative techniques based on team dynamic

RISK ANALYSIS TECHNIQUES                                    

  • Alternative Risk Analysis assessment formats and recommended practices in the oil and gas industry
  • Qualitative /
  • Semi-Quantitative
  • Quantitative
  • Assessing Impact
    • Organisational / Business impact versus Safety / Environmental impact
  • Tools and techniques for risk analysis
    • Sensitivity Analysis
    • Expected monetary value analysis
  • Further factors to consider – the people side of risk
    • Perception, past experience and mental outlook
  • External factors – regulator activities & the effect of catastrophic incidents in the industry
  • Modelling and Monte Carlo simulation
  • Risk Analysis outputs

PLANNING RISK RESPONSES AND IMPLEMENTING RISK RESPONSES

  • Risk prioritisation
  • Risk response strategies
  • Action plan formulation
  • Action plan evaluationAnalytical evaluation process
  • Appropriate approval / endorsement of action plans
  • Implementing and monitoring
  • Implementing response plans – good practices

REPORTING AND COMMUNICATING RISK, EXTRACTING LESSONS & LESSONS LEARNED FROM THE INDUSTRY

  • Risk reporting
  • Escalating risks
  • Reserve analysis
  • Embedding the process
  • How to identify and feedback lessons learned
  • Key risk management lessons from the oil and gas industry and megaprojects in particular
  • Applying the lessons and how to implement in my organization