An Interactive 5-Day Training Course
Risk Assessment & Risk Management for Oil & Gas Projects
Minimising Risk and Maximising Resilience - from Theory to Practice
Course Overview
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 training course addresses these issues in a concise and pragmatic manner.
This GLOMACS Risk Assessment & Risk Management for Oil & Gas Projects 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
Training Outline
DAY 1: Introduction to Organisational Risk
- Pros and cons 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 2: The Risk Management Process Wheel & Identifying Risk
- Proactive risk management process
- The risk management process wheel
- The risk registers
- Risk management planning
- Risk identification
- Risk identification tools & techniques
DAY 3: 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 4: 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 5: 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
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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