In essence, project management is “risk management”. This two-day course provides industry best practices and methodologies for proactively managing the numerous risk factors present in all turnarounds and capital projects. Turnaround teams learn to better manage both Qualitative and Quantitative risk. Students learn how they can feed into the risk management process and even how to maximize their contribution to the Risk Workshop. The outcomes are increased project transparency, predictability in project schedules, budgets and quality due to the reduced likelihood of surprise risk factor events.
Who Should Take This Class
The entire core turnaround team must robustly support the risk management process for predictable projects.
What You Will Learn
Students come to appreciate why professional risk management is so critical. They learn how to help manage qualitative risk as well as quantitative risk. They learn important risk terminology and how to properly construct effective risk statements. They learn how the planning process, the scheduling process, the budgeting process and the execution process are closely tied to risk management. They learn how the output reports from Monte Carlo simulators can help them to avoid costly mistakes and communicating unreliable project dates.