Professional Documents
Culture Documents
Fluor - Risk Management
Fluor - Risk Management
C
Case
St
Study
d
Keyy Take-Aways
y
Offices in
Offi
i 33 countries
t i on 6
continents
Americas
Europe/Africa/Middle East
Asia/Australia
Aberdeen, Scotland
Ab Dhabi,
Abu
Dh bi U
U.A.E.
AE
Ahmadi, Kuwait
Al Khobar, Saudi Arabia
Amsterdam, The Netherlands
Antwerp, Belgium
Asturias, Spain
Bergen-op-Zoom,
Bergen
op Zoom, The Netherlands
Birmingham, England
Doha, Qatar
Dublin, Ireland
Durban, South Africa
Farnborough, England
Gliwice, Poland
Johannesburg, South Africa
London, England
Madrid, Spain
Maputo, Mozambique
Moscow, Russia
Rotterdam, The Netherlands
Secunda South Africa
Secunda,
Tarragona, Spain
Atyrau, Kazakhstan
B
Bangkok,
k k Thailand
Th il d
Beijing, China
Brisbane, Australia
Cebu, Philippines
Jakarta, Indonesia
Kuala Lumpur, Malaysia
Manila, Philippines
Melbourne, Australia
New Delhi, India
Perth, Australia
Seoul, South Korea
Shanghai, China
Singapore
Tokyo, Japan
South
America
Europe
Africa
Middle
East
Asia
Australia
103
78
67
55
68
64
65
Design
Conceptual
Design
Estimating
Feasibility
Studies
Engineering
Fabrication
Construction
Cost Control
Contract Staffing
Detailed
Engineering
Contracts
Management
Contractor
Management
Construction
Management
Material Control
Fabrication
Front-end
Engineering
Modular
Construction
Contractor
Management
Permitting
Modular
Construction
Process
Simulation
Project Financing
Routing
Scope Definition
Siting
Safety Planning
Technology/
ec o ogy/
License
Evaluation
Systems
Integration
Procurement
Planning &
Scheduling
Process
Simulation
Equipment,
Tools, and Fleet
Services
Expediting
Fabrication
Logistics
Low Cost
Country
Sourcing
Equipment &
Tools Supply
Purchasing
Quality Control
Safety Programs
Self-Perform
Fabrication
Sourcing
Commissioning
Engineering
Support
Asset Performance
Improvement
Contract Staffing
Initial Production
Plant Readiness
Equipment, Tools,
and Fleet Services
S
Precommissioning
Facility
Management
Systems Checkout
Turnover
Operational
Readiness
Validation
Plant Engineering
Small Capital
Projects
Turnarounds,
Outages
& Shutdowns
Field Mobilization
Material Control
Modular
Construction
Materials
Management
g
Purchasing
Quality Control
Requirements
Planning
Rigging
Safety Programs
Sourcing
Scaffolding
Supplier Quality
Warehousing
Self-Perform
Construction
&
Maintenance
Operations
Start-up
Consulting
g services for feasibility
y studies
and project financing
The Titanic
FROM
Fragmented
Negative
Reactive
Ad hoc
Historical
Historical-looking
looking
Narrowly-focused
Functionally-driven
To
Integrated
Positive
Proactive
Continuous
Forward
Forward-looking
looking
Broadly-focused
Process-driven
Assignreading
A i
di material
t i l
Brainstormrisks and opportunities
Consolidateideas
Developrisk / opportunities details
Evaluaterisk / opportunities importance
Formulate risk mitigation / opportunity
Formulaterisk
enhancement strategies
Equipment type
Plant layouts
Electrical facilities
Hazops reviews
Design variations
Incomplete or inaccurate
estimate
Unavailability of sufficient
professionals and managers
Scope changes
Occurrence of disputes
Following
F
ll i Slides
Slid Address
Add
How
H
to
t
Prioritize Risks
High
Secondary Risks
Co
onsequences
Key Risks
Lower likelihood
likelihood, but could have
significant adverse impact on
business objectives
Low
Low
Secondary Risks
Likelihood
High
LIKELIHOOD OF OCCURANCE
Rating
Likelihood
Criteria
Almost Certain
Likely
Possible
Unlikely
Rare
SEVERITY
Rating
Severity
Financial
Schedule
Critical
>$1MM
One Month
Major
$1MM
Two Weeks
Serious
$500k
One Week
Moderate
$250k
Three Days
Minor
$10k
One Day
Risk
No.
Risk
Severity
Likelihood
Priority
Remarks
Mitigation Strategy
P j t Site
Project
Sit
Location has Poor
Soil Conditions
Skilled Personnel
Risk
Review personnel
requirements with HR and
business line management
g
Architectural Risk
Risk of unknown
conditions to the existing
building
Structural Risk to
Piperack "A"
Additional loads to
existing piperacks could
cause damage
Schedule Impacts
due to bad weather
Delay in Decisions
Risk
R
Representatives
t ti
will
ill
only be assigned on a
part time basis
Close coordination
Cl
di ti and
d
advance notice of
approvals
QUESTIONS/COMMENTS