Overview

Capital Projects Risk Management 

 About the Course

 The primary areas connected with capital project risk management are covered in this five-day, intermediate-level training for project managers, project engineers, and integrated project team discipline members. Risk management is the main topic of the course throughout the whole project life cycle. This course emphasizes participant development of risk management deliverables through in-class exercises and case studies. The course also covers the strategies project team leaders may use to make sure that management and the project team are on board with and involved in the risk management process.

Target Audience

 For petrotechnical projects, upstream onshore and offshore developments, project managers, project engineers, and all other disciplines collaborate on integrated project teams. Case studies sometimes feature intricate initiatives that demand large infrastructural investments.

 Course Objectives

 Participants will pick up skills in:

• Utilize methods to assist create project cost contingency
• Utilize risk management over a capital project's whole life cycle. Create a risk management plan and win the support of important stakeholders.
• Include project team members and management in the risk management process. Establish project risks systematically.
• Identify the risks that the project team and management are responsible for. Utilize risk assessment to evaluate and rank hazards for treatment Create effective risk mitigation strategies Risk management and monitoring
• Include risk management in the project's budget and timeline.
• Find out how probabilistic cost and schedule play a part in risk management.

 Course Outlines

• responsibility, control, and ownership of risks Recognize, assess, and react to risk events
• Threats vs. opportunities for various risk types Prioritization and risk assessment
• reporting and communicating risks
• Overview of probabilistic cost and schedule peer reviews at a high level