An Intensive 2-day Training Course
Project Risk Management Essentials
for Project Professionals
Managing Project Risks with Maximum Efficiency
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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.
We don’t have a scheduled session for this course at the moment. For more information and to enquire about future sessions, please feel free to reach out to our Training Department ([email protected])
Why Choose this Training Course?
This Project Risk Management Essentials training course is designed to equip project teams with the necessary knowledge and skills to allow them to accurately and efficiently identify, quantify and mitigate risks which threaten to disrupt, or derail, their projects. The training course content is applicable to all industry sectors where projects are undertaken, and are of a value and nature that necessitate formal risk management.
Project Risk Management is an essential activity in managing projects of all types and sizes, and can often determine the success of failure of a project. By their very nature, most projects are exposed to numerous risks and risk types. While the technical design risks that affect projects are normally managed through formal project studies and deliverables, the day-to-day risks affecting project execution are often missed, or poorly managed, with the potential for disrupting projects with disastrous outcomes.
By better understanding the risks which may affect your projects, and how to effectively manage them, you will be better positioned to successfully deliver your projects on schedule, within budget and with a clear health, safety and environment record.
The training and application of the risk management methodology covered in this PetroKnowledge course will benefit all people who are involved in any type or size of project, be it small single-discipline type projects through to multidiscipline mega projects.
The training course is based on the principals of ISO 31000:2009, “Risk Management - Principles and Guidelines” and ISO 31010:2009, “Risk Assessment Techniques”.
This training course will feature:
- Project Risk Management Techniques
- Risk Definition
- Bow-Tie Risk Analysis
- The Cumulative Risk Effect
- Project Context and Risk Boundaries
- Risk Identification
- Risk Quantification
- Risk Manageability
- Risk Mitigation
What are the Goals?
At the end of this training course, you will learn to:
- Accurately identify and define project risks
- Understand the Cumulative Risk Effect
- Apply bow-tie risk analysis methods
- Explore different risk management techniques
- Differentiate between opportunity and threat risks
- Understand project context and risk boundaries
- Distinguish between real and perceived risks
- Quantify risk probability and impacts
- Understand risk impact categorisation
- Apply optimum mitigation techniques
- Master the process of efficient risk management
Who is this Training Course for?
The Project Risk Management training course is tailored for all personnel who are either involved in, or responsible for, the successful execution of projects of all types and sizes.
This training course is suitable to a wide range of professionals but will greatly benefit:
- Project Directors
- Asset Managers
- Project Managers
- Project Risk Managers
- Contract Managers
- Project Engineers
- Discipline Engineers
- Technical Assistants
How will this Training Course be Presented?
The training course is run over two days, with the first day covering the theory of project risk management, and ending with an open forum for participants to provide their insights, questions or challenges on the various risk management techniques applied to their individual projects. Day 2 commences with a summary of the content covered in Day 1, followed by a simulated project risk assessment workshop, where participants will apply the tools and techniques learnt during the course.
Daily Agenda
Day One: Project Risk Management Theory
- Introduction to Project Risk Management Techniques
- Risk Definition
- Bow-Tie Risk Analysis
- The Cumulative Risk Effect
- Project Context and Risk Boundaries
- Risk Identification
- Risk Quantification
- Risk Manageability
- Risk Mitigation
Day Two: Project Risk Management Practical
- Project Risk Management Tools
- Project Risk Management Workshop
- Project Selection
- Risk Identification
- Risk Occurrence Timeline
- Probability of Occurrence
- Impact Identification
- Impact Ranking
- Probability Mitigation Identification
- Impact Mitigation Identification
- Mitigation Implementation
- Workshop Review
- Workshop Q&A
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].
