TRAINING ADVANCE RISK ANALYSIS FOR PROJECT MANAGEMENT

OVERVIEW

Project management is opportunity management. It is the ability to seize opportunities, minimize threats and achieve optimum results. Too often, risk Management is seen as reactive, or worse, unresponsive. Nothing could be further from truth. Risk Analysis in project management is a sequence of processes to identify the factors that may affect a project’s success. These processes include risk identification, analysis of risks, risk management and control, etc. Proper risk analysis helps to control possible future events that may harm the overall project.

In this course, you will work through the proactive to threat and opportunity- base on a clear understanding of the powerful nature of both qualitative and quantitative approaches to risk analysis for project management.

Included in the course is a part case study that takes you from a risk overview at the beginning of project through the challenges of ongoing assessment and re-assessment of threats and opportunities throughout the project.

OUTLINE COURSE

OVERVIEW OF PROJECT RISK MANAGEMENT 

1. Definition and characters of “risk”
2. Project Risk Management
3. Risk Breakdown Structure
4. Risk Comparison in different contract

PROJECT RISK ANALYSIS

1. How to Identify Risk
2. Risk Assessment
3. Risk Mitigation Plan

RISK ANALYSIS PROCESS  IN PROJECT MANAGEMENT

1. Qualitative Risk Analysis
2. Quantitative Risk Analysis

PROJECT RISK MANAGEMENT MODELS AND METHODOLOGIES

1. PMBOK Methodology
2. PRINCE2 Model
3. Dale Cooper’s Model

PROJECT RISK MANAGEMENT MODEL FOR OIL & GAS   EPC PROJECTS

1. Risk Feasibility study
2. Develop Stakeholders’ Objectives And Expectations
3. Develop Regulations And Procedures Of The Project Risk Management In The Selected Scopes And Desired Levels (Engineering, Procurement And Construction)
4. Consider And Develop A Definite Scheduling (Develop A Distinct Plan)
5. Risk Identification And Risk Mitigation According To The Scheduling Plan And Check Lists Of Risks And Risk Groups (WBS, RBS) (Work Breakdown Structure, Risk Breakdown Structure)
6. Qualitative Risk Analysis And Development Of An Integrated Risk Plan And Schedule
7. Develop Response Plan And Analyze Its Costs
8. Periodical Risk Monitoring, Controlling And Tracking

CASE STUDY IN OIL & GAS INDUSTRY

RECOMMENDED AUDIENCE

• Project Management Team; Project Manager, Project Director, Project Control Manager, Project Management Office (PMO) Lead, Project Planner
• Risk Specialist; Risk Manager, Risk Analyst, Risk Engineer, Drilling Manager, Pipeline Engineer, Enterprise Risk Management Officer
• Engineering & Technical Leads; Engineering Manager, Lead Process Engineer, Drilling Manager, Pipeline Engineer
• Financial & Commercial Role
• HSE Executive