Risk Reduction Workshop (RRW)
Introduction
A Risk Workshop provides a collaborative online forum where people from different departments can discuss and score risks.
The Oil & Gas industry is inherently risky, and for any organization to succeed in today’s fast paced, globally interlinked Oil & Gas industry environment, the ability to proactively identify, assess and reduce risk and uncertainty is essential, but is not always managed effectively. Unfortunately, in recent years, the industry has seen many high impacts, but avoidable, incidents that, as well as representing high cost and loss of life have a major impact on reputation. It is apparent that all responsible organizations today need to give increased prominence to Risk Reduction and Management.
This workshop provides both a structured approach to managing risks efficiently and effectively, and the opportunity to study the management lessons that can be learnt from Oil and Gas industry experiences.
Objectives
- Understand the role of Risk Management in contributing to performance and competitiveness in Oil & Gas
- Evaluate & select appropriate concepts, approaches, international standards, methods, and techniques for the effective implementation of Risk Management
- Assess current Oil & Gas Risk Management practice & develop mechanisms to support application across the organization
- Learn how to utilize risk management tools in strategic decision-making
Methodology
