Project Risk Management & Compliance

An Intensive 5-day Training Course

Project Risk Management & Compliance

Effective Risk Identification & Management on all Projects

Project Risk Management & Compliance

Scheduled Dates

Classroom

03 - 07 Jun 2024 London - UK $5,950 RESERVE A SEAT
10 - 14 Jun 2024 Dubai - UAE $5,950 RESERVE A SEAT
08 - 12 Jul 2024 Dubai - UAE $5,950 RESERVE A SEAT
02 - 06 Sep 2024 Houston TX - USA $6,950 RESERVE A SEAT
11 - 15 Nov 2024 London - UK $5,950 RESERVE A SEAT
09 - 13 Dec 2024 Dubai - UAE $5,950 RESERVE A SEAT
16 - 20 Dec 2024 Pretoria - South Africa $5,950 RESERVE A SEAT
23 - 27 Dec 2024 Amsterdam - The Netherlands $5,950 RESERVE A SEAT

Online

03 - 07 Jun 2024 Online $3,950 RESERVE A SEAT
11 - 15 Nov 2024 Online $3,950 RESERVE A SEAT

Are the scheduled dates matching with your needs?

We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

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Why Choose this Training Course?

Some of the most prevalent risks on any project originate from the failure to effectively identify and analyze the day-to-day risks that occur during the delivery of all projects.

This Project Risk Management & Compliance training course addresses the specific nature of risks that occur during the design & execution phases of all projects. The training course will provide delegates with the knowledge and skills required to effectively identify and manage project risks through minimizing their levels of uncertainty and maximizing their control. This will, in turn, improve their ability to deliver projects on time, within budget, and with a clear health & safety record.

Due to the dynamic environments in which they exist, projects are exceptionally vulnerable to risk and, in order to successfully deliver projects, a proven and proactive approach is essential to project risk management. By definition, uncertainty is inherent in every risk, and one of the primary objectives of project risk management is to minimize uncertainty so as to improve the likelihood of achieving desired project outcomes. During this training course, delegates will learn to effectively identify, analyze, respond, and control all risks that may have either a negative or positive impact on project outcomes.

This PetroKnowledge Project Risk Management & Compliance training course will highlight:

  • Key elements in risk management planning
  • The importance accurate risk identification
  • How to effectively describe and analyze risks
  • The difference between opportunity and threat-based risks
  • How to create effective risk response plans

 

What are the Goals?

This PetroKnowledge Project Risk Management & Compliance training course is designed to provide Project Managers, Team Leaders, Engineers, Risk Managers, and Project Support Members with the skills and knowledge to successfully manage risks throughout the project lifecycle. As such, delegates will:

  • Learn how to accurately identify and describe project risks
  • Develop skills in applying proven risk analysis methods
  • Understand different project risk management techniques
  • Be able to differentiate between opportunity and threat risks
  • Develop techniques to define risks based on project context and risk boundaries
  • Learn to distinguish between real and perceived risks

 

Who is this Training Course for?

The Project Risk Management & Compliance training course is tailored for all personnel who are either involved in, or responsible for, the successful delivery of projects of all types and sizes.

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • Project Managers
  • Project Risk Managers
  • Project Engineers
  • Quality Assurance Managers
  • Contract Managers
  • Project Consultants
  • Discipline Engineers
  • Technical Assistants

How will this Training Course be Presented?

The training course methodology will incorporate a combination of theory and skill-based training components, applying hands-on exercises, facilitation of group discussions, practical case studies, and real-life examples.

Organisational Impact

The Project Risk Management & Compliance training course will provide direct organizational benefits through improved project risk management practices. By applying the methods learned and practiced during the training course, organizations will:

  • Reduce time spent managing project risks
  • Improve project execution productivity
  • Increase risk management efficiency
  • Protect project values through accurate risk identification and analysis
  • Achieve project objectives through effective risk response planning and control
  • Enhance project risk knowledge required for effective Enterprise Risk Management

Personal Impact

Participants will develop additional and valuable project management skills, essential not only to project risk management, but to project management as a whole, including:

  • Developing risk management planning skills
  • Learning to effectively manage risks in a team environment
  • Refining their risk identification skills
  • Learning to balance the relationship between threat-based and opportunity-based risks
  • Understanding how and when to apply qualitative and quantitative risk analysis techniques
  • Developing the necessary skills required to effectively control risks

Daily Agenda

Day One: Risk Management Framework and Planning
  • Key Definitions
  • The PMBOK® Six Risk Management Processes
  • Purpose & Benefits of Risk
  • Responsibilities in Project Risk Management
  • Integrating Risk Management into the Project Management Process
  • Risk Management Planning
  • Risk Planning Process
Day Two: Risk Identification Process
  • The Effect of Project Macro-Environment on Risk
  • The Effect of Project Complexity on Risk
  • Risk Identification Techniques
  • Managing Risk through Project Estimating
  • Managing Risk through Earned Value Management
  • Schedule Risk Management – Critical Path Method & PERT
Day Three: Risk Assessment Process
  • Qualitative Risk Analysis
  • Bow-Tie Risk Analysis Technique
  • Probability/Impact Risk Matrix Technique
  • Quantitative Risk Analysis
  • Monte Carlo Simulation
  • Decision Trees and Expected Monetary Value
  • Managing Project Risks through Integrity Assurance
Day Four: Risk Response Plan Development
  • Risk Prioritisation
  • Risk Response Strategy Guidelines
  • Response Strategies for Threats & Opportunities
  • Response Planning & Analysis
  • Alternative Responses
  • Risk Response Validation
  • Contingency & Management Risk Reserves
Day Five: Risk Response Control
  • Resource Management
  • Risk Control Guidelines
  • Risk Control Inputs
  • Risk Control Tools & Techniques
  • Risk Control Outputs
  • Risk Reporting & Documenting
  • Course Summation & Work Session Review

Certificate

  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.
  • On successful completion of this PetroKnowledge training course, Certificate with eligible Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates

Accreditation

PMI® Registered Training Courses

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.
The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Oxford Management Centre

Our collaboration with Oxford Management Centre aims to provide the best training services and benefits for our valued clients.

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

Koukash Consultancy

Our collaboration with Koukash Consultancy aims to provide the best training services and benefits for our valued clients.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

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.

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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