Ekton Project Analytics ->Training Course
Enhance Your Expertise in Risk Management & Decision-Making for Complex Oil & Gas Projects
Ekton Project Analytics ->Training Course
Become a Certified Project Leader in Oil and Gas – Tailored PMP Prep for Industry Success
About The Training Course
- Risk Management Experts
- Project Managers & Engineers
- Decision-Makers & Executives
- Consultants and Contractors
- Project Controls and Cost Engineers
All our instructors are certified by PMI as Risk Management Professionals (PMI-RMP) and have extensive experience managing complexity and uncertainty in oil and gas projects. We offer training in English, French, and Portuguese.
Training hours packages available:
- 20 hours
- 40 hours
- 80 hours
Training Plan Summary
Session 1: Course Introduction and Overview
- Overview of the DRMP credential and its importance.
- Certification requirements (experience, education)
- Exam structure and scoring.
- AACE Code of Ethics and professional responsibilities.
- Study resources and key references (AACE’s Total Cost Management Framework, Recommended Practices).
Session 1: Risk Management Planning and Governance
- Introduction to risk management and its importance in projects
- Risk management frameworks and policies.
- Risk governance, roles, and responsibilities.
- Risk management planning in oil and gas project environments.
- Risk management strategies and objectives.
Session 2: Risk Identification
- Tools and techniques for risk identification (e.g., brainstorming, checklists, SWOT analysis).
- Categories of risk (internal, external, technical, financial, etc.).
- Documentation of identified risks.
- Using historical data and lessons learned for risk identification.
Exercise: Risk Identification Workshop.
- Risk probability and impact assessments,
- Risk ranking
- Monte Carlo simulation
- Sensitivity analysis
- Decision trees.
- Risk modeling and software applications using Safran Risk.
- Interdependencies and correlation of risks
Exercises: Practice With Monte Carlo Simulations and Risk Matrix Development.
Session 1: Risk Response and Mitigation
- Risk response strategies (avoidance, mitigation, transfer, acceptance).
- Contingency planning and reserve analysis.
- Risk allocation and contractual considerations.
- Implementing risk responses and tracking progress.
- Strategies for managing residual and secondary risks
Session 2: Risk Control and Monitoring
- Techniques for tracking identified risks.
- Risk performance measurement.
- Risk reporting and documentation.
- Change management and risk re-assessment.
- Use of risk registers and tracking tools.
Session 1: Decision-Making in Complex Projects.
- Decision theory and decision-making under uncertainty.
- Decision trees and influence diagrams.
- Multi-criteria decision analysis (MCDA).
- Expected monetary value (EMV) analysis.
- Cost-benefit analysis and decision evaluation.
Exercises: Developing Decision Trees, Performing EMV Calculations.
Session 1: Intergrated Cost and Schedule Risk Analysis
- Cost risk analysis methods (e.g., probabilistic cost estimating).
- Schedule risk analysis methods (e.g., critical path risk analysis).
- Integration of cost and schedule risk analysis.
- Contingency allocation using quantitative risk analysis.
- Cost-benefit analysis and decision evaluation.
Exercises: Cost-risk analysis using and oil platform construction case study, Monte Carlo simulation for schedule risk.
Session 2: Risk Communication and Documentation
- Methods for effective risk communication (internal and external).
- Tailoring communication to different stakeholders.
- Risk documentation best practices.
- Building and maintaining a risk register.
Exercises: Developing risk reports and stakeholder communication plans.
Session 1: Exam Preparation
- Review of key exam topics and AACE Recommended Practices.
- Practice with mock exam questions.
- Time management and strategies for passing the DRMP exam.
- Contingency allocation using quantitative risk analysis.
- Review of decision and risk management tools.
Exercises: Exercises: Full-length practice exams, post-exam review.
Resources: AACE study guide and sample exams.
Why Choose this Training Course?
Real-World Case Studies
The course includes industry-specific case studies and risk scenarios from oil exploration, drilling, pipeline construction, and refinery operations. These examples help bridge the gap between theory and practice, ensuring immediate application to your role.
Expert Instructors with Oil & Gas Experience
The course is led by certified PMI-RMP professionals who have extensive experience working in the oil and gas sector. They bring practical insights into the training, ensuring students learn proven strategies from real oil and gas projects.
Customized Mock Exams
The mock exams are designed to mimic the PMI-RMP exam, but with a focus on oil and gas-related scenarios. This helps you prepare more effectively, as the questions and case studies reflect the unique risks and decisions you’ll face in the industry.
Flexible Learning Options
The course is designed with the demanding schedules of oil and gas professionals in mind. Whether you’re offshore or managing multiple projects, the course offers flexible learning options, including live virtual sessions and self paced modules.
Pricing Plan
Standard User Proficiency
- Blended learning
- Customized to your needs
- Training materials
- 2 x (PMI-RMP mock exams)
- Monte Carlo simulation exercise
Advanced Consultant Training
- Blended learning
- Customized to your needs
- Training materials
- 4 x (PMI-RMP mock exams)
- Decision and risk management templates
- 2 Monte Carlo simulation exercises
Fundamentals Overview
- Blended learning
- Customized to your needs
- Training materials
- PMI-RMP mock exams