An Intensive 5-day Training Course
Operational Risk Management & Mitigation
Risk Management and Assessment for Operations
Scheduled Dates
Classroom
| 10 - 14 Nov 2025 | London - UK | $5,950 | RESERVE A SEAT |
| 29 Dec 2025 - 02 Jan 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 02 - 06 Feb 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 30 Mar - 03 Apr 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 08 - 12 Jun 2026 | Riyadh - Saudi Arabia | $5,950 | RESERVE A SEAT |
| 15 - 19 Jun 2026 | Paris - France | $5,950 | RESERVE A SEAT |
| 27 - 31 Jul 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 21 - 25 Sep 2026 | Geneva - Switzerland | $5,950 | RESERVE A SEAT |
| 12 - 16 Oct 2026 | Dubai - UAE | $5,950 | RESERVE A SEAT |
| 09 - 13 Nov 2026 | London - UK | $5,950 | RESERVE A SEAT |
| 28 Dec 2026 - 01 Jan 2027 | London - UK | $5,950 | RESERVE A SEAT |
Online
| 19 - 23 Jan 2026 | Online | $3,950 | RESERVE A SEAT |
| 21 - 25 Sep 2026 | Online | $3,950 | RESERVE A SEAT |
Would an alternative date be more suitable?
We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
Why Choose this Training Course?
This Operational Risk Management and Mitigation Training course develops the understanding, skills, methods and behaviors required to proactively manage risk across your operations – helping ensure day-to-day operational continuity, as well as the long-term sustainability of your organisation. Based on a proven framework and introducing best practice techniques, this training course presents a pragmatic approach to balancing risk and reward in today’s world of technological innovation and global competition. This training course provides insight into Risk Governance as well as a systematic methodology to identify, quantify, and mitigate risks that threaten to disrupt or undermine your organisation.
This training course provides a deep understanding of the human, process, systems, and organisational causes of risk and how to minimize them, including insight into the psychology of risk prevention and the need to combat external threats. The training course will enable the delegates to examine their own operations and take steps to plan and manage risk within their workplace
This Operational Risk Management and Mitigation Training course will highlight:
- The crucial role of Operational Risk Management in organisation sustainability
- A best practice Framework and systematic approach to Risk Management
- A six-step end-to-end approach to Operational Risk Management
- Risk Governance and oversight
- Fostering a culture of Risk Management
- Case study examples of the successes and failures associated with Risk Management
What are the Goals?
At the end of this Operational Risk Management and Mitigation Training course, you will learn to:
- Appreciate the benefits of proactive Operational Risk Management
- Construct an effective Risk Management Plan
- Conduct Risk Identification and Risk Analysis
- Plan a response to risk and take action to mitigate it
- Implement an Operational Risk Management Framework within your organisation
- Document, report and manage Operational Risk
- Apply a systematic approach to Risk Management within your own operations
Who is this Training Course for?
The main benefit of this Operational Risk Management and Mitigation Training course is to help organisations anticipate and mitigate risk inherent in all operations. Other benefits include:
- Increased organisation sustainability
- Enhanced operational continuity and efficiency
- Enhanced management understanding of the dimensions of Risk Management
- Enhanced management ability to plan for and control Operational Risk
- Embedding of a systematic approach to Operational Risk Management
- Greater buy-in to proactive Operational Risk Management from key stakeholders
How will this Training Course be Presented?
The key to this Operational Risk Management and Mitigation Training course is hands-on experience of applying Operational Risk Management techniques to case studies and to live examples within participants’ own operations. To create an energetic and enjoyable learning experience, a variety of team-based activities, games, videos and discussions are also used to enable participants to grasp the end-to-end process of identifying and mitigating risk.
Organisational Impact
The main benefit of this Operational Risk Management and Mitigation Training course is to help organisations anticipate and mitigate risk inherent in all operations. Other benefits include:
- Increased organisation sustainability
- Enhanced operational continuity and efficiency
- Enhanced management understanding of the dimensions of Risk Management
- Enhanced management ability to plan for and control Operational Risk
- Embedding of a systematic approach to Operational Risk Management
- Greater buy-in to proactive Operational Risk Management from key stakeholders
Personal Impact
Participants will increase their confidence and ability to manage the risk inherent in their operations. Other benefits include:
- Increased understanding of the components that make up a Risk Management Framework
- Enhanced ability to apply systematic Operational Risk Management techniques
- Enhanced ability to plan for, identify, analyse and control Operational Risk
- Greater ability to gain buy-in to Risk Management from key stakeholders
- Increase understanding of tools available to simplify Operational Risk Management
- Enhanced understanding of the application and advantages of Risk Governance
Daily Agenda
Day One: The Foundations of Operational Risk Management
- What is Risk and Operational Risk Management?
- The Benefits of Operational Risk Management
- The Operational Risk Management Framework
- The 6-step Operational Risk Management Cycle
- Enterprise Risk Management
- Risk Identification Process
- Risk Management Principles and Standards
- Risk Assessment
Day Two: Risk Management Methods
- The Challenges of Risk Management
- Operational Risk Management in the Corporate Structure
- Probability and Statistics for Operational Risk Management
- Risk Modelling
- Failure Modes and Effects
- Risk Measurement
- Risk Maturity Level and Risk Appetite
- Risk Response
Day Three: Risk Governance
- Risk Controls
- Key Risk Indicators (KRIs)
- Qualitative and Quantitative Risk Analysis
- Risk Actions
- Risk Reviews
- Risk Governance – Three Lines of Defense
- Risk Oversight, Documentation and Reporting
- Project Risk Management
Day Four: Implementing Operational Risk Management
- Overcoming the Hurdles to Risk Management
- Risk Management Communication
- Setting a Risk Management Vision
- Stakeholder Ownership of Risk Management
- Instilling a Risk Management Culture
- International Attitudes to Risk
- Embedding Operational Risk Management
Day Five: Integrating Risk Management into your Operations
- Web-based Risk Management Tools
- Integrating Risk Management into Your Operations
- Top Tips for Successful Operational Risk Management
- Review of Learning
- Personal Action Planning based on Lessons Learned from Course
Certificate
- On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
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Frequently Asked Questions
PetroKnowledge is a globally recognized provider of training courses for oil and gas professionals, offering a wide range of specialized training courses designed to enhance knowledge, skills, and expertise in the energy sector. With courses tailored to meet the evolving demands of the oil and gas industry, PetroKnowledge helps professionals stay up-to-date with industry standards, technological advancements, and best practices.
Our courses are specifically developed for professionals in the oil and gas industry, including engineers, technical staff, managers, and other specialists looking to advance their careers. Whether you’re a seasoned expert or new to the sector, our training for oil and gas professionals is suited to individuals at all stages of their professional journey.
PetroKnowledge offers flexible learning solutions with both online courses and in-person training options. Online courses for oil and gas professionals provide the flexibility to learn from anywhere, while in-person courses offer a hands-on, interactive learning environment. Each training course page provides detailed information on the delivery format, allowing you to choose the option that best meets your learning style and schedule
Yes, PetroKnowledge offers customized in-house training solutions for organizations looking to upskill their teams. We work closely with companies to design bespoke training courses for oil and gas professionals that address specific challenges and objectives. Whether you need on-site training or online solutions, we can tailor the training courses to suit your organization’s needs.
Certain advanced training courses for oil and gas professionals may require prior experience or technical knowledge. These prerequisites ensure that participants can fully benefit from the course content. We recommend reviewing the course description on the relevant page to determine if any prerequisites apply to your selected course.
Enrolling in one of our training courses for oil and gas professionals is simple and convenient. Navigate to the specific course page, click “Enroll Now,” and complete the registration form. You will receive a confirmation email with further details on how to proceed.
You may also get in touch with our Registration Team on
+971 50 981 7386 | +971 2 557 7389 or send an email to [email protected]
Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.
Yes, upon successful completion of our courses for professionals in the oil and gas industry, you will receive an industry-recognized certificate from PetroKnowledge. This certification is designed to validate your skills and knowledge and can significantly enhance your professional credentials, boosting your career prospects in the competitive oil and gas sector.
Pre-Course Cancellation
Our refund and cancellation policy varies depending on the course and circumstances. Generally, cancellations made at least 21 days before the training are eligible for a refund, less any administrative fees.
Refund Policy Disclaimer
All course bookings made through PetroKnowledge are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
PetroKnowledge reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
If you have any specific inquiries about the cancellation or refund, don’t hesitate to contact our support team, who can assist with your booking and cancellation queries.
For corporate fees and group registration, please send your query to [email protected].
