CERTIFIED MASTER OF OIL & GAS RISK MANAGEMENT

NAME OF THE COURSE
OIL & GAS RISK MANAGEMENT
 
CERTIFICATION
CERTIFIED MASTER OF OIL & GAS RISK MANAGEMENT
 
COURSE OVERVIEW
 
Generally, a company in the Oil & Gas industry has long-term profitability depending on the cost-effective discovery, acquisition, and development of new reserves; if the Group is unsuccessful, its results of operations and financial condition would be materially and adversely affected. 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 course addresses these issues in a concise and pragmatic manner.
 
TRAINING DURATION
Total Training Hours: 22 Hours
Training Duration: 1 Week
Total Training  Days: 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions: 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
WHO SHOULD ATTEND?
  • Anyone new to risk or wishing to enter the risk profession.
  • Executives and Heads of Departments to understand risk management and the role it should play within their organisations.
  • Risk management practitioners of all levels require a refresher on recent developments in risk management.
  • Students studying IRM qualifications.
  • Project Portfolio Managers.
  • Project Controls Managers.
  • Asset Directors and Managers.
  • Experienced Risk Managers & Practitioners requiring a refresher on recent developments
  • Internal auditors who seek to fully understand Risk Management & ISO 31000
  • Line & Project Managers who want to ensure that they are effectively managing risk
  • Operations, Project and Program Managers, Engineers and Supervisors
  • Change, Transformation & Organizational Development Managers, Excellence, & Quality Professionals
  • All Other Managers
 
COURSE BENEFITS
  • Understand the role of Risk Management in contributing to performance and competitiveness in Oil & Gas
  • Appreciate the lessons of the past from the industry and apply a precautionary approach
  • Evaluate & select appropriate concepts, approaches, international standards, methods, and techniques for the effective implementation of Risk Management
  • Assess current Oil & Gas Risk Management practices & develop mechanisms to support application across the organization
  • Guide organizational deployment
  • 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
 
COURSE CONTENTS 1
Getting Started
  • 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
The Risk Management Process Wheel & Identifying risk
  • Proactive Risk Management Process
  • The risk management process wheel
  • The risk register
  • Risk Management Planning
  • Risk Identification
  • Risk Identification tools & Techniques
Risk Analysis
  • Qualitative Risk Analysis
  • Quantitative Risk Analysis
Risk Responses & Managing Risks
  • Risk Response planning
  • Building a Risk Management Plan
  • Calculating risk management budget
  • Monitoring & Reviewing
  • Opportunity Assessment
  • Project Execution Risk Assessment
Reporting Risk Management Outcome
  • Creating an Oil & Gas Risk Questionnaire
  • Risk evaluation
  • Risk evaluation report
  • Course evaluation
 
COURSE CONTENTS 2
Overview of the Risk Management Standards and the Operational Risk Environment
  • Identify the key components of your Risk Management Plan (we will use a simple O&G project as an example).
  • Communication, engagement, collaboration, and participation – initiation of a risk management practice, tools & techniques
  • Summary & wrap up
Risk Identification, Assessment, and Quantification
  • How to perform the operational risk qualitative and quantitative analysis
  • Identify key Indicators and their use.
  • Risk assessments and scenarios
  • Risk response and strategies
  • Purpose and Objectives of the Perform Qualitative Risk Analysis Process
Risk Information QA
  • Iterative Qualitative
  • Risk taxonomy
  • Purpose and Objectives of the Perform Quantitative Risk Analysis Process
  • Unbiased Data
  • Interrelationships between Risks in Quantitative Risk Analysis
  • Risk Impact Calculation
  • Presenting Quantitative Results
  • Risk Response Strategies
  • Risk Core Responses
  • Group exercise: Building, using, and interpreting a Risk Register.
  • Summary & wrap up
Risk Track, Oversight, and Closing
  • Risk monitor, control, and oversight
  • Topics
  • Risk management sustainability & engagement
  • Transforming your culture
  • Production vs Prevention
  • Customize your Risk Management and Program Plan
  • Q & A

 

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