Managing Project Risks in the Oil & Gas Industry

This Managing Project Risks in the Oil & Gas Industry training course incorporates an interactive mixture of professional presentations supported by relevant practical exercises and case studies, running through the five days of the training course. This will enable participants to fully understand and address all the elements of project risk management in the oil & gas industry sector.

This Managing Project Risks in the Oil & Gas Industry training course will take delegates through real-life oil & gas projects, using case-studies to develop and evaluate best-practice tools & techniques. This method will provide valuable insights into the challenges, and strengths, that an effective risk management process can provide in such a dynamic and volatile industry sector.

At the end of this training course, participants will:

• Develop key risk management competencies such as developing an appropriate risk process for an organisation in the oil & gas Industry
• Understand the key roles, responsibilities and activities associated with project risk management
• Understand how best to apply appropriate tools and techniques to optimise risk management for your projects 

• Learn to deal with the changing nature of risk through a stage gated project process 

• Understand the human side of risk in terms of risk perception 

• Understand the crucial challenges and lessons learned associated with oil and gas project risk management

This Managing Project Risks in the Oil & Gas Industry training course is suitable to a wide range of professionals but will greatly benefit anyone working on, interfacing with, or providing governance with respect to oil and gas projects:

• Project Managers
• Project Risk Managers
• Project Service Managers
• Commercial Management
• Project Engineers
• Procurement & Logistics
• Project Planners
• Project Estimators & Cost-Controllers

Organisational Impact

In the Oil and Gas Industry the failure to manage project risk effectively can lead to catastrophic events occurring. No organisation can afford to be complacent about such events, and ensuring that project risk management is being carried out effectively must be a strategic goal requirement that everyone adheres to. Delegates who attend this training course will receive competence based training, providing the basis for activities that can be delivered on their return to the workplace. Risk management is pervasive in the Oil & Gas industry. Individuals in this industry must acquire the necessary skills to use risk & technology tools effectively and efficiently. These technology tools can be used both to develop and apply other functional competencies related to risk management when working on projects.

Personal Impact

The ability to manage project risk is a core skill for anyone involved in delivering a project. When carried out properly projects are more predictable, value delivery is enhanced and fewer accidents and harm to the environment occur.

Personal competencies relate to the attitudes and behaviours of individuals within Oil & Gas projects. Developing these personal competencies will enhance the way professional relationships are handled and facilitate individual learning and personal improvement. Delegates will be able to enhance their credibility within their organisation knowing that they can competently coordinate a risk process which will benefit their project delivery and ultimately their career.