Risk Assessment & Risk Management  for Oil & Gas Projects

An Intensive 5-Day Training Course

Risk Assessment & Risk Management
for Oil & Gas Projects

Minimising Risk and Maximising Resilience - from Theory to Practice

PMI® Registered training
PMI® Registered training

Scheduled Dates

08 - 12 May 2023 Barcelona - Spain $5,950
10 - 14 Jul 2023 London - UK $5,950
04 - 08 Sep 2023 Dubai - UAE $5,950
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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.

Why Choose this Training Course?

Because of increased pressure to deliver projects on time, within budget and with the agreed components, the need to identify, manage and control the project-based risks becomes central to success. Project Managers need to use tried and accepted techniques for managing identified risks and have access to practical strategies for dealing with issues as they emerge.

Using a mixture of presentations, discussions and practical exercises related to the Oil and Gas industry, this PetroKnowledge training course addresses these issues in a concise and pragmatic manner.

This PetroKnowledge training course will feature:

  • Project management and risk assessment in oil and gas industry
  • Setting criticality analysis and priorities for different assets
  • Performance of root cause analysis
  • Managing performance of assets
  • Learning from major failures in different industries

What are the Goals?

What are the Goals?

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

  • Use practical steps and processes to manage project risk
  • Identify threats & opportunities & weigh their relative value in a project
  • Control multiple risks using limited strategies
  • Overcome psychological barriers to risk in stakeholders & team members
  • Evaluate risk assessment & risk management during the project closure phase of the project

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge training course is suitable for a wide range of professionals who are involved in any aspect of Project and Risk Management and who want to understand, implement and improve the latest Risk and Project Management concepts, processes and ideas.

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

  • Project Management Team members
  • Operations Managers
  • Project Managers
  • Oil and Gas Enterprise Architects
  • Asset Managers
  • Maintenance Managers
  • Maintenance & Reliability Engineers
  • Technical managers & supervisors
  • Board level executives and non-executives
  • Consultants in Project, Asset, Maintenance and Risk Management

How will this Training Course be Presented?

How will this Training Course be Presented?

This PetroKnowledge training course will utilize a variety of proven adult learning techniques to ensure maximum understanding. The training course will be highly interactive. Following an introductory session, short input sessions will be provided followed by delegates being given the opportunity to put into practice the lessons learned in the preceding topic. 

Illustrations of risk management from the real world will be provided and delegates will be encouraged to contribute examples and illustrations from their own experiences.

Daily Agenda

Day One: Introduction to Organisational Risk

  • Pros and cons of risk management
  • Practical experience with risk assessment & risk management in various industries
  • Risk Management throughout a project life cycle
  • Methods to increase company-wide awareness, understanding & senior level support
  • Risk Management at various levels of an organization
  • Business risks vs technical risks vs implementation risks

Day Two: The Risk Management Process Wheel & Identifying Risk

  • Proactive risk management process
  • The risk management process wheel
  • The risk registers
  • Risk management planning
  • Risk identification
  • Risk identification tools & techniques

Day Three: Risk Analysis

  • Qualitative risk analysis
  • High Reliability Organisations (HROs)
  • The risk matrix
  • Decision Making Grid (DMG)
  • Quantitative Risk Analysis (QRA)
  • Fault Tree Analysis (FTA) and Reliability Block Diagrams (RBD)

Day Four: Risk Responses & Managing Risks

  • Risk response planning
  • Building a risk management plan
  • Calculating risk management budget
  • Monitoring & reviewing
  • Opportunity assessment
  • Project execution risk assessment

 Day Five: Reporting Risk Management Outcome

  • What makes a bad report?
  • What makes a good report?
  • Creating an oil & gas risk questionnaire
  • Risk evaluation
  • Risk evaluation report

Certificate

  • On successful completion of this training course, a PetroKnowledge 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 Course

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.

In Association With

GLOMACS Training

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

Visit Website ›

AZTech Training & Consultancy

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

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • 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 56 222 7795 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • 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.

When should I expect to receive confirmation of registration?

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.

Is there a discount for more than one registrant/course?

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

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© 2022. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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