Risk Management and Control

An Intensive 3-Day Training Course

Risk Management and Control

How to Avoid Problems and Exploit Opportunities

We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com

Why Choose this Training Course?

Why Choose this Course?

Recent events in the world have brought risk into higher profile. Evaluating the range of risk responses available and deciding the most appropriate response in each case is at the heart of risk management. Responding to risks should produce benefits for us as individuals, as well as for the organizations where we work and/or are employed.

Risk is often assumed to signify negative consequences, but taking a risk can also result in a positive outcome. This course will show you how to minimize issues, exploit opportunity and manage uncertainty.

This course is structured around the ISO 31000:2009 framework, principles and process. It will also highlight internal control and explain how to measure risk in terms of consequences and likelihood, as recommended by the Institute of Internal Auditors (IIA).

This course will highlight:

  • The knowledge to identify, analyze, evaluate, treat, monitor and control risks
  • An overview of the tools and techniques used in risk management
  • Insights into the fundamentals and role of risk management
  • Effective risk management procedures based on ISO 31000:2009
  • Increasing confidence in planning for risk and exercising internal control

What are the Goals?

What are the Goals?

At the end of this course, you will learn to:

  • Understand risk management and its application and context within an organization
  • Understand how risks are identified, evaluated, and managed in support of the strategic, business, operational and project strategies of the organization.
  • Appreciate the importance of a risk management process
  • Brief overview of mainstream global processes, guidelines and standards
  • Explain how the Risk Management Cycle utilizes logical reasoning and critical thinking to address risk management problems
  • Describe how risk management alternatives are developed and evaluated in order to support better decisions to effectively manage risk
  • Explain how and why the management of risk is one of the fundamental strategies adopted in meeting mission performance expectations
  • Describe the characteristics of effective risk communication

Who is this Training Course for?

Who is this Course for?

This course is suitable to a wide range of Professionals in operational, functional and support areas.

This course will also be of benefit to:

  • Accountants
  • Finance professionals
  • Auditors
  • And similar roles

How will this Training Course be Presented?

How will this be Presented?

This course utilizes a range of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes discussions, case studies, presentations and exercises.

Each session allows you to develop your skills using real case studies then apply them to your organisation to analyse the effectiveness of your results orientation.

Daily Agenda

Day One: Understanding Risk Management – Context and Application

  • Strategy – the foundation of your business 
    • Understanding risk management as a strategy
  • Risk aversion and risk tolerance
  • Defining risk
    • What do we mean by ‘risk’
    • Where are the boundaries?
  • What drives risk?
    • Business drivers of risk
    • Risk, assumptions, uncertainty and paradox
  • Top 10 strategic risks for business
  • The Risk Management Cycle - logical reasoning and critical thinking


Day Two: Identifying, Evaluating and Managing Risk

  • Global processes, guidelines and standards
  • Risk management process
    • Planning
    • Risk assessment – identification, analysis and evaluation
    • Risk treatment
      • Management of risk
    • Risk registers
  • Embedding risk management
  • Ensuring that risk management becomes part of the culture
  • IT and risk solutions
  • Risk management in a programme /project environment.


Day Three: Understanding and Managing Specific Types of Risk

  • Strategic risk, including:
    • Risk arising from change
    • Risk and business continuity
    • Reputational risk
  • Operational risk, including:
    • Health and safety risk
    • Supply chain risk
    • Project risks
  • Financial risk, including:
    • Litigation risk
    • Liquidity risk
    • Intellectual property risk
    • Contract risk
  • Course summary
  • Action planning and next steps


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS 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 50 981 7386 | +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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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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