ADVANCE RISK ANALYSIS FOR

PROJECT MANAGEMENT

OVERVIEW
Project management is opportunity management. It is the ability to seize opportunities,
minimize threats and achieve optimum results. Too often,  risk Management is seen as
reactive, or worse, unresponsive. Nothing could be further from truth. Risk Analysis in
project management is a sequence of processes to identify the factors that may affect a
project's success. These processes include risk identification, analysis of risks, risk
management and control, etc. Proper risk analysis helps to control possible future events that
may harm the overall project.
In this course, you will work through the proactive to threat and opportunity- base on a clear
understanding of the powerful nature of both qualitative and quantitative approaches to risk
analysis for project management.
Included in the course is a part case study that takes you from a risk overview at the
beginning of project through the challenges of on going assessment and re-assessment of
threats and opportunities throughout the project.

CONTENT
OVERVIEW OF PROJECT RISK MANAGEMENT 
a. Definition and characters of “risk”
b. Project Risk Management
c. Risk Breakdown Structure
d. Risk Comparison in diferent contract
PROJECT RISK ANALYSIS
a. How to Identify Risk
b. Risk Assessment
c. Risk Mitigation Plan
RISK ANALYSIS PROCESS IN PROJECT MANAGEMENT
a. Qualitative Risk Analysis
b. Quantitative Risk Analysis
PROJECT RISK MANAGEMENT MODELS AND METHODOLOGIES
a. PMBOK Methodology
b. PRINCE2 Model
c. Dale Cooper’s Model
PROJECT RISK MANAGEMENT MODEL FOR OIL & GAS EPC PROJECTS
a. Risk Feasibility study
b. Develop Stakeholders’ Objectives And Expectations
c. Develop Regulations And Procedures Of The Project Risk Management In The
Selected Scopes And Desired Levels (Engineering, Procurement And Construction)
d. Consider And Develop A Definite Scheduling (Develop A Distinct Plan)
 e. Risk Identification And Risk Mitigation According To The Scheduling Plan And
Check Lists Of Risks And Risk Groups (WBS, RBS) (Work Breakdown Structure,
Risk Breakdown Structure)
f. Qualitative Risk Analysis And Development Of An Integrated Risk Plan And
Schedule
g. Develop Response Plan And Analyze Its Costs
h. Periodical Risk Monitoring, Controlling And Tracking
CASE STUDY IN OIL & GAS INDUSTRY