Global Learning for Operational Leaders
Classroom
0 sessionsOnline / Live
0 sessionsIntroduction
Course overview
Why Attend
Oil and gas projects operate in complex environments where technical, commercial, operational, environmental, and regulatory risks can significantly impact project success. This course equips participants with practical techniques for identifying, assessing, analyzing, mitigating, and monitoring risks throughout the project lifecycle, enabling organizations to improve decision-making, reduce uncertainty, and enhance project performance.
Course Methodology
The course combines instructor-led presentations, practical workshops, risk assessment exercises, case studies, group discussions, quantitative analysis examples, and real-world oil and gas project scenarios.
Course Objectives
By the end of this course, participants will be able to:
- Understand enterprise and project risk management principles within the oil and gas industry
- Identify and evaluate technical, commercial, operational, and project risks
- Apply qualitative and quantitative risk assessment techniques
- Develop practical risk registers and risk management plans
- Monitor and control project risks throughout the project lifecycle
- Prepare effective risk reports for management and stakeholders
- Support informed decision-making through structured risk management practices
Target Audience
- Project managers
- Project engineers
- Risk management professionals
- Petroleum and production engineers
- Operations managers and supervisors
- HSE professionals
- Oil and gas professionals involved in project planning and execution
Target Competencies
- Risk assessment
- Project risk management
- Decision-making
- Quantitative risk analysis
- Risk reporting
- Project governance
- Operational risk management
- Strategic planning
What you will achieve
Learning objectives
- Understand enterprise and project risk management principles within the oil and gas industry
- Identify and evaluate technical, commercial, operational, and project risks
- Apply qualitative and quantitative risk assessment techniques
- Develop practical risk registers and risk management plans
- Monitor and control project risks throughout the project lifecycle
- Prepare effective risk reports for management and stakeholders
- Support informed decision-making through structured risk management practices
Who should attend
Target audience
- Project managers
- Project engineers
- Risk management professionals
- Petroleum and production engineers
- Operations managers and supervisors
- HSE professionals
- Oil and gas professionals involved in project planning and execution
- Target Competencies
Methodology
Learning approach
- The course combines instructor-led presentations, practical workshops, risk assessment exercises, case studies, group discussions, quantitative analysis examples, and real-world oil and gas project scenarios.
Course content
Five focused days of learning and application
Day 1
Foundations of Risk Management in Oil & Gas Projects
- Understanding the principles, objectives, and value of organizational risk management
- Evaluating the benefits and limitations of structured risk management approaches
- Reviewing practical risk management applications across oil and gas operations and projects
- Understanding risk management throughout the project lifecycle from concept to close-out
- Promoting organizational risk awareness and leadership commitment
- Understanding risk management responsibilities across different organizational levels
- Differentiating strategic, technical, commercial, operational, and implementation risks
Day 2
Risk Identification and Risk Management Frameworks
- Understanding proactive risk management methodologies and industry best practices
- Applying the risk management process throughout project planning and execution
- Developing and maintaining effective project risk registers
- Establishing project risk management plans and governance structures
- Applying systematic techniques for identifying project uncertainties and emerging risks
- Utilizing structured tools and workshops to support comprehensive risk identification
Day 3
Risk Analysis and Evaluation Techniques
- Applying qualitative methods to evaluate project risks and priorities
- Understanding the characteristics of High Reliability Organizations and resilient operations
- Utilizing probability-impact matrices for risk prioritization
- Applying structured decision-making techniques to evaluate response options
- Understanding quantitative risk analysis concepts and practical applications
- Applying Fault Tree Analysis, Reliability Block Diagrams, and other analytical techniques to assess complex project risks
Day 4
Risk Response Planning and Project Risk Control
- Developing practical risk treatment and mitigation strategies
- Preparing comprehensive project risk management plans
- Estimating contingency requirements and risk management budgets
- Monitoring project risks and evaluating the effectiveness of response actions
- Identifying and managing opportunities that enhance project value
- Applying risk assessment techniques during project execution to support informed decision-making
Day 5
Risk Reporting, Communication, and Continuous Improvement
- Developing effective risk reports that support management decision-making
- Understanding the characteristics of high-quality risk reporting and common reporting weaknesses
- Designing risk questionnaires and assessment tools for oil and gas projects
- Evaluating residual risks and overall project risk exposure
- Preparing comprehensive risk evaluation reports for stakeholders
- Final workshop: Developing an integrated risk management framework for an oil and gas project, including lessons learned and continuous improvement planning
FAQ
Frequently asked questions
What does Risk Assessment & Risk Management for Oil & Gas Projects (OG-024) cover?
This course covers Oil and Gas through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on Schedule on request, with additional classroom dates and mirrored Online / Live options listed in the course schedules section.
Who should attend this course?
Project managers, Project engineers, Risk management professionals
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Yes. The course detail page includes both classroom sessions and Online / Live sessions, with online options aligned to the same course dates for easier planning.
Where are classroom sessions delivered?
Classroom venues are confirmed in the schedule panel for each published session.
Still Have Questions?
Contact the academy team for course details, delivery options, and delegate guidance.
Related training courses
Continue building your improvement capability
Quick request
Send quick request
Send a fast enquiry about this course and the academy team will get back to you.