Oil & Gas Training
and Competency Development

Location Pau, France
Start10 Dec 2018
End13 Dec 2018
Discipline Business and Project Management ,
Field Development Planning
Duration4 Days
CostEUR 3,200.00
Delivery Mechanism Classroom
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Project Risk Analysis and Management

4.4 Average client rating (based on 60 attendee reviews)

The course will focus on examining and applying qualitative and quantitative risk analysis techniques used in the Best Practice Assessment of uncertainties in a project-based enterprise. 

Uncertainty is inherent in all projects and particularly in the aspects of technical, financial, schedule, legal, and quality performance.  Project Risk Analysis is a body of expertise focused on the systematic and comprehensive analysis of the uncertainty in projects and project based operations.

This course qualifies for 30 PDUs.

  • Agenda
  • Instructors
  • Audience
  • Prerequisites
  • Location
  • Agenda

    Day 1

    Introduction and Processes

    • Risk Analysis and Management Part 1: Introduction
    • Risk Analysis and Management Part 2: Processes
    • Identification and documentation of risks
    • Assess exposure
    • Develop risk responses - mitigation
    • Review documentation
    • Teams: RAM Requirements (1)

    Day one will include an introduction to risk management and an overview of the qualitative approach to risk management.  This will include discussions on planning risk management, identifying and assessing risks, and planning response strategies. The techniques covered will be applied to a case study project.  

    Day 2

    Quantitative Analysis

    • Risk Analysis and Management Part 3: Contingency
    • Quantitative risk analysis basics
    • Quantitative risk analysis using excel
    • Overview of @Risk for Excel
    • Develop quantitative risk assessments
    • Quantitative risk analysis using @Risk
    • Case Study – Quantitative Risk of Budget
    • Teams: RAM Requirements (2)

    An overview of the qualitative approach to risk management, including the underlying principles will be covered on this day.  The learning objectives will also include being able to use software to perform quantitative analysis.  Initially, basic excel will be used to perform a simulation, but specific quantitative software will also be used to analyze the risks to a case study project budget.                

    Day 3

    Quantitative Schedule Analysis

    • Review of critical path analysis
    • Development of schedule
    • Overview of @Risk for a project
    • Case Study – Using @Risk for Project
    • Sensitivity analysis
    • Review forecasting, monitoring, and control
    • Case Study – P50 & P90 for Estimate and Schedule
    • Teams: RAM Requirements (3)

    An overview of how quantitative analysis can be used to assess the risks to a project schedule will be covered. The techniques will be applied to the case study project in order to achieve a more efficient schedule.           

    Day 4

    Project Strategy

    • Case Study – Presentation of Results
    • Teams: RAM Requirements (4)  

    On the final, day participants will work in teams to present the results of their risk analysis on their case study project.    

  • Instructors

    Colin Balchin
  • Audience

    This course is intended for any project personnel who require an understanding of how to effectively manage risks on projects.

  • Prerequisites

    Attendees will be required to have an understanding of project planning, monitoring, and control, as well as a basic comprehension of MS Excel and Project.

  • Prerequisites

  • Location


    The historic town of Pau has a mild climate, numerous parks and gardens, and stunning views of the Pyrenees Mountains.

    Pau Château

    The town and surrounding region are renowned for excellent food and superb local delicacies and offer a wide range of sporting events and activities to keep you entertained on evening and weekends. Pau is home to several top national sports teams (basketball, rugby, handball), the oldest golf course in continental Europe and superb new spa facilities, and is just a stone’s throw from ski slopes, mountain trails and sandy beaches.

    The NExT Training Centre Pau is easily accessible via regular international flights to Pau Pyrenees Airport and TGV rail links from Paris. NExT can help you with organizing your local transport and accommodation.

    • Timezone : GMT+01:00, Europe (Paris)
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Upcoming Courses
Pau, France December 10 - 13, 2018
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