A PMI Certified Training Course

Why Choose Risk Assessment & Risk Management for Oil & Gas Projects Training Course?

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 course addresses these issues in a concise and pragmatic manner.

This 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

What are the Goals?

By the end of This Risk Assessment & Risk Management for Oil & Gas Projects training course, participants will be able to:

  • Use practical steps and processes to manage project risk
  • Identify threats & opportunities & weigh their relative value in a project
  • Control multiple risks using limited strategies
  • Overcome psychological barriers to risk in stakeholders & team members
  • Evaluate risk assessment & risk management during the project closure phase of the project

The Course Content

  • Pro’s and con’s 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 register
  • 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
  • Course evaluation

Certificate and Accreditation

  • AZTech Certificate of Completion for delegates who attend and complete the training course
  • The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Completion

How Aztech Saudi Can Enhance Your Professional Career

At Aztech Saudi, we believe that professional development is the foundation of long-term career success. This training course is expertly designed to equip individuals with practical skills, forward-thinking strategies, and the confidence to navigate today’s dynamic work environments. Each course is delivered by subject matter specialists with extensive industry experience, ensuring that every learning experience is relevant, impactful, and aligned with real-world challenges. Whether you're looking to strengthen your technical expertise, enhance leadership abilities, or stay ahead of industry trends, Aztech Saudi provides the tools you need to elevate your performance and deliver measurable value to your organization.

Our training is more than just knowledge transfer—it’s a catalyst for career transformation. By participating in our courses, professionals gain a competitive advantage in their fields, improve their decision-making capabilities, and position themselves for new opportunities and leadership roles. We take pride in supporting individuals across various sectors and career stages, helping them unlock their full potential through high-quality, globally benchmarked learning experiences. With Aztech Saudi as your development partner, you’re not only investing in education—you're investing in a stronger, more successful future.

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