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.
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...
- Risk Analysis Procedure
- Elements of the RBI process
- Probability of failure analysis
- Summary of main parts
- Analyzing and Prioritizing Risks