Risk Assessment & Risk Management for Oil & Gas Projects

Course Date

30 October - 3 November 2023
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20 - 24 November 2023
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11 - 15 December 2023
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25 - 29 December 2023
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Course content

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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 course addresses these issues in a concise and pragmatic manner.


This 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




By the end of this 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?


This 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.


  • 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



Course Outline 


Day One: Introduction to Organisational Risk


  • Pro’s and con’s 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 register

  • 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

  • Course evaluation

United Kingdom

63-66 Hatton Garden
Hatton Garden
07:30 – 19:00
Monday to Friday


Waarderweg 50-D
Haarlem , 2031BP
08:30 – 19:00
Monday to Friday


Gldani district, Mukhiani, M/R
Building 7, Apt. N22
+995 706 070161
07:30 – 19:00
Monday to Friday