course | Oil and Gas Construction Project Risk Management
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OGC-1738 | Oil and Gas Construction Project Risk Management
Course Sector : Oil, Gas and Chemical
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-06-30 | 2025-07-04 | Geneva | $5,950 | Book now |
| 5 Days | 2025-09-15 | 2025-09-19 | Dubai | $4,250 | Book now |
| 5 Days | 2025-12-15 | 2025-12-19 | Dubai | $4,250 | Book now |
| 5 Days | 2025-02-02 | 2025-02-06 | El Doha | $4,250 | Book now |
| 5 Days | 2025-10-19 | 2025-10-23 | Muscat | $4,250 | Book now |
Course Introduction
Oil and gas construction projects are of great importance to support and facilitate the process of operation and production. However, these projects usually face chronic risks that lead to time overrun, cost overrun, and poor quality, affecting the projects’ success. This training course is designed to provide participants with the essential concepts, techniques and strategies in order to manage construction project risks particularly in the oil and gas industry. This course will cover topics such as risk types. Identifying construction risks, and assessing risk exposure. Training Course Objectives
Course objective
- Gain a comprehensive understanding of the risk management process and techniques that can be applied in oil and gas construction projects.
- Master the uses of different tools and techniques to manage risks effectively
- Familiarize oneself with the risk management models and apply them in their construction projects effectively.
- Obtain an in-depth understanding of how risk appetite, tolerance, and escalation work
- Effectively manage and assess risks involved in construction projects.
Course Outline | 01 Day One
INTRODUCTION TO RISK MANAGEMENT IN OIL AND GAS CONSTRUCTION PROJECTS
- Risk Management Frameworks and How They Are Made
- What Is A Risk?
- Why Is Risk Management So Crucial?
- Risk Management Methods
- Policy And Strategy Formulation
- Risk Procedures And Protocols
- Risk Architecture
- Benefits Of Risk Allocation RISK MANAGEMENT PROCESS
- Establishing The Right Context
- Risk Ranking (Using The Raking Matrix)
- Risk Identification And Assessment Techniques
- The Cause-And-Effect Relationship That Exists In Risk
- Risk Prioritisation Methods And Analysis
- Risk Appetite, Tolerance, And Capacity
- Risk Reviewing And Monitoring Process
- Risk Profiling
Course Outline | 02 Day Two
RISK GOVERNANCE
- The RAS (Risk Appetite Statement)
- Strategies Used In Risk Management
- The Lines Of Defence Model
- Ensuring The Workflow Of Any Construction Site Is Seamless
- Safety Issues
- Risk Reporting
- Data-Driven Approach To Decision Making
- How To Transfer Project Risks
RISK MITIGATION
- International Standards In Risks
- Adhering To The Necessary Standards
- Following All The Regulations
- Ensuring Everyone Does Their Job
- How To Handle Multiple Risks
- Sharing Resources Between Different Risk Types
Course Outline | 03 Day Three
RISK TYPES AND HOW THEY ARE HANDLED
- Financial Risks And Their Effects
- Environmental Risks And Why They Should Be Handled In Detail
- Scheduling Risks
- Accepting Project Risks
- Construction Risks Management Process IDENTIFYING CONSTRUCTION RISKS
- Risk Identification Timing
- Preconstruction Phase Risk Assessment
- All The Potential Project Risks
- Brainstorming The Possible Risks
- Defining The Scope
- Handling Stakeholders To Identify Risks
Course Outline | 04 Day Four
COMMON CONSTRUCTION RISKS
- Natural disasters
- Poor decision-making
- Orders management
- Poorly written contracts
- Labour shortages
- Unexpected increase in the budget
- Unknown site scenarios
- Poorly defined scope of work ASSESSING RISK EXPOSURE
- Risk identification process and techniques
- Project risks evaluation for possible exposure and level
- Overall risk management strategy
- Plan for risk o Covering all the “what if” scenarios
- Getting all the details for actions that can mitigate risks
Assessing risk costs and mitigation strategy
- Accept that some risks cannot be avoided and how to deal with them
- Risk events monitoring
- Regular assessments
- Regular strategy revisions
- Informed decision-making process
- Managing documents in every construction project
Course Outline | 05 Day Five
- Natural disasters
- Poor decision-making
- Orders management
- Poorly written contracts
- Labour shortages
- Unexpected increase in the budget
- Unknown site scenarios
- Poorly defined scope of work
- Risk identification process and techniques
- Project risks evaluation for possible exposure and level
- Overall risk management strategy
- Plan for risk o Covering all the “what if” scenarios
- Getting all the details for actions that can mitigate risks
- Assessing risk costs and mitigation strategy
- Accept that some risks cannot be avoided and how to deal with them
- Risk events monitoring
- Regular assessments
- Regular strategy revisions
- Informed decision-making process
- Managing documents in every construction project
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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