A Project Management Institute, Inc. (PMI)®Registered Training Course
Offshore & Marine Projects Risks Management
Managing Risks in the Unique and Complex Environment
Course Overview
Risk management is an integral part of day-to-day business activities in many industries and the offshore & marine industry brings along its own inherent areas of risks - ranging from non-compliance of assets and in accordance with legislative bodies, major cost or schedule overruns for projects, asset safety, asset damage, business interruption, pollution, and injuries to people as key examples in addition to common or standard risks inherent in most projects.
In the oil and gas industry, managing marine-based projects in an offshore environment is increasingly complex. In this Project Risk Management training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The interactive approach is based on PMI® RMP methodology and designed to provide both qualitative and quantitative approaches to risk management allowing delegates to enhance risk management awareness to ensure they can manage projects better - minimising project cost / schedule overruns and thus improving project execution.
This GLOMACS training course will highlight:
- Learn how to examine both the threats and opportunities facing projects from both a top-down and bottom-up perspective using industry best-practice risk management methodology
- Understand best how to evaluate and respond to risk at project as well as task levels
- Achieve the skills to anticipate possible causes of cost and schedule overruns, together with poor quality of work at the earliest possible opportunity in order to take timely corrective action to minimise or mitigate the impact
- Understand the importance of compliance; both for internal corporate policy and government regulations or legislative bodies, thus avoiding costly schedule or budget headaches
Training Outline
DAY 1: Risk Management Framework and Planning
- Key Definitions
- Purpose & Benefits of Project Risk Management in Offshore Projects
- Integrating Risk Management into the Project Management Process
- 6 Steps to Managing Project Risks Successfully in Challenging Conditions
- Plan the Approach to Offshore Project Risk Management
DAY 2: Project Risk Identification Process
- Risk Behaviours
- Recommended Risk Behaviours Suitable for Offshore or Marine Projects
- Strengths of Collaboration within a Complex and Struggling Industry
- Stepping-up as an SME and Supporting Project Delivery
- Risk Identification Processes
- Risk Identification Guidelines
- Identify Cost Estimating Methods
- Learn Accuracy, Allowances, Contingency & Management Reserve
- Measuring Schedule against Risk – crucial in uncertain conditions
- Considering Tools for Optimum Offshore Resource Management
- Identifying and Categorising Risks against Offshore Case Study
DAY 3: Project Risk Assessment and Quantification Processes
- Risk Analysis Tools & Techniques
- Risk Analysis Qualitative & Quantitative Approaches
- Carry-out Qualitative and Semi-quantitative Analysis on Offshore Scenarios
- Using Decision Trees when Multiple Options are Available
- Project Risk Rating & Prioritising
DAY 4: Project Risk Response Plan Development
- Stepping-up as a Risk Leader
- Decision-Making Skills & Techniques Crucial when Managing Offshore Projects
- Negotiation Skills to Aid Conflict Management in this Challenging Environment
- Risk Response Plan Development
- Appropriate Tools & Techniques to be Used for Offshore Projects
- Risk Response Strategy Guidelines
- Develop Appropriate Industry-based Response Strategies
- Risk Response Analysis
- Identify Residual Risk and Design Alternative Responses (if required)
DAY 5: Risk Response Control
- Risk Management Plan Execution
- Appropriate Offshore Risk Response Control Tools
- Risk Response Control Guidelines
- Executing against the Approved Offshore Risk Strategy
- Evaluating Risk Response Results
- Creating Example Risk Documentation
Certificates
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Accreditation
GLOMACS is proud to be an Authorized Training Partner (ATP No. 2759) with PMI®. As an ATP, GLOMACS is authorized to issue applicable Professional Development Units (PDUs) and Educational Contact Hours to participants of any of its PMI® approved training courses for PMI® Certification and Re-Certification.
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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