QHD 32 - 6 (Bohai Bay)OIL FIELD RE-DEVELOPMENT
TECOP CORPORATE RISKS (SCOPE / COST / SCHEDULE)
RISK TREATMENT METHODOLOGY
Prepared by Angus Macleod MAPM. : conforming to ISO.IEC 31010:2009
Upstream Field Development - Risk Areas in Life-Cyclefor Capital Value Assurance (example only)
Risk Management – Business Risk Strategy for Project Execution Define Risk Management Business Level Strategy as below
Risk Management – Business Risk Tactical Strategy for Project Execution Define Risk Management Tactical Strategy as below
Risk Management – Business Risk Execution Strategy for Project Execution
Define Risk Management Execution Strategy as below
Risk Management – Business Management Strategy for Project Execution
Risk Management – Business Risk Response Strategy for Project Execution
Risk Management – Assessment Process for Project Execution
Define Project Risk Management an integral part of the Project Management Process
Proposed Risk Management Process – Introduction
Define Project Risk Management Process as below
Proposed Risk Management Process – Introduction
Identify some key elements to obtain Risk Parameters and implement the results for Upstream Project Management Decision Making
Proposed Risk Management Process – Key Elements
Identified Project Risk Management Process as a Six Stage Cycle
Proposed Risk Management Process – Life Cycle
Identify the relationships between 6 stage Project Risk Management Process
Total Cost / Schedule Effect of Risk
Proposed Risk Management Process – Relationship
Consolidate Risks and collect p10,p50,p90 estimates
Develop a flowchart to map the Risk Process & Methodologies
Proposed Risk Management Process – Flowchart
Mitigated Risks"Responsibility " by
Business Function & Project OBS RACI Chart
Methodology – Qualitative Risk Categories – Develop
RiskCategory
Supply ChainPerformance
Supply ChainDisuption
Methodology – Qualitative Scoring System – Develop
Methodology – Qualitative Risk Scoring Index – Develop
consequences
Methodology Qualitative Risk Analysis
Develop “Boston Square Matrix ” technique to model Qualitative Risk Probability / Impact
LEGEND
Quantative Risk Analysis
calculated output fromMONTE CARLO SIMULATIONMONTE CARLO SIMULATIONSS will indicate which COST / SCHEDULE ELEMENTSCOST / SCHEDULE ELEMENTS contribute to contingency creation and which RISK CATEGORIESRISK CATEGORIES contribute to contingency inflation
Definition : Monte-Carlo Simulation
Establish Risk Management as a “Continuous” Management Process
Methodology Continuous Improvement Cycle
INSERT RISK OUTPUTS FROM WORKED EXAMPLES.
CONFIDENTIALCONFIDENTIALIPR ACCESS IPR ACCESS
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