MEASURING, ASSESSING & MANAGING RISK IN ENERGY PROJECTS
The "Measuring, Assessing & Managing Risk in Energy Projects" course in Muscat, Oman, offers comprehensive training in project risk management. Attendees will learn to identify, analyze, prioritize, and monitor risks using various tools, enhancing their ability to minimize uncertainties and ensure project success.
Course Objectives
The course aims to provide a solid understanding of project risk measuring and management, teaching participants to efficiently identify, analyze, prioritize, and monitor risks. It focuses on developing a risk management plan and using risk matrix and simulation tools to enhance project success and reduce uncertainties.
Benefits Of Attending
In-depth understanding of project risks at each development stage - Strategies for effective risk recognition, measurement, and management - Skills to develop a risk management plan and use risk matrix tools - Continuous risk identification and control - Access to risk registers, checklists, and repositories
Who should Attend
This course is ideal for program managers, project managers, planning managers, technical managers, planning and project engineers, and anyone involved in making project-related decisions under uncertainty.
TRAINER PROFILE
Dr. Hussain is qualified petroleum engineer who has both the qualifications and the experiences in dealing and managing risk in oil & gas, petroleum projects and contracts.Dr.Ahmed has over 38 years of petroleum engineering experiences and knowledge both in the field of research, training and lecturing. In the Oil & Gas industry (Upstream & downstream) offshore & on-shore in Europe and the Middle East.BSc in Petroleum Engineering, PhD in Petroleum reservoir Engineering, Heriot-Watt University, Edinburgh.Develop risk templates and risk management procedures for various clients. Coach and mentor personnel in risk management principles and processes using the Bowtie methodology and ISO 31000 standards.“Because of his high standards and best quality services He has been awarded by her majesty the queen by the MBE award”Developed risk management strategies (Risk Manuals) for oil & gas operators to provide guidance on project lifecycle risk assessment, risk profile evaluation and risk reduction. Conduct technical and financial analysis of Liquefied Natural Gas (LNG) storage, distribution and transportation systems. Technical Due Diligence: Calculate CAPEX, OPEX, maintenance, repair and decommissioning costs to ensure accurate valuation of offshore oil & gas assets (e.g. subsea pipelines and platforms). This service is performed for banks during project financing, part payment and repossession of assets. Quantify and analyse business performance improvements and risk reduction following a CAPEX or OPEX decision.
Benefits of Learning
- Mastery of risk identification, analysis, and prioritization
- Proficiency in developing and implementing risk management plans
- Enhanced ability to monitor and control project risks
- Practical experience through group activities and case studies
- Improved project completion success rate with minimized risk impacts
Training Outline
Managing Risk in Projects:
- Introduction to risk management in projects
- Early risk identification and communication
- Managing project threats and opportunities
- Risk ownership and responsibility
- Overview of risk management steps
- Risk sources, categories, probabilities, impacts, response planning.
and more...
Monitoring & Managing Risk in Projects:
- Identifying and planning for new risks
- Tracking existing risks and monitoring critical conditions
- Long-term risk management approaches
- Risk efficiency measurement and prioritization
- Qualitative risk analysis and risk model introduction
and more...
Monitoring Risk in Projects:
- Risk response planning and control
- Risk reassessment and audit
- Lessons learned and probability estimation
- Correlation of risk management with project methodology
- Comprehensive risk monitoring and control strategies
and more...
- Define the process and key elements of RBI
- Suggestion of best practices for the development of RBI
- Phases of progressive development
- Why RBI analysis is used