An Interactive 5-Day Training Course

Risk Assessment & Risk Management for Oil & Gas Projects

Minimising Risk and Maximising Resilience - from Theory to Practice

11 - 15 May 2026
Barcelona
| $5950
13 - 17 Jul 2026
London
| $5950
07 - 11 Sep 2026
Dubai
| $5950
05 - 09 Jan 2026
Online
| $3950
07 - 11 Sep 2026
Online
| $3950

Introduction

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:

Key Learning Outcomes

By the end of this training course, participants will be able to:

Training Methodology

This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding. The training course will be highly interactive. Following an introductory session, short input sessions will be provided followed by delegates being given the opportunity to put into practice the lessons learned in the preceding topic. Illustrations of risk management from the real world will be provided and delegates will be encouraged to contribute examples and illustrations from their own experiences.

Learning Journey Breakdown

  • 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
  • Proactive risk management process
  • The risk management process wheel
  • The risk registers
  • Risk management planning
  • Risk identification
  • Risk identification tools & techniques
  • 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)
  • Risk response planning
  • Building a risk management plan
  • Calculating risk management budget
  • Monitoring & reviewing
  • Opportunity assessment
  • Project execution risk assessment
  • What makes a bad report?
  • What makes a good report?
  • Creating an oil & gas risk questionnaire
  • Risk evaluation
  • Risk evaluation report

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