Risk Management in the Supply Chain for the Oil, Gas and Petrochemicals industry
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Risk Management in the Supply Chain for the Oil, Gas and Petrochemicals industry Course
Introduction:
The oil and gas industry faces various risks, including external factors like the global economy and emerging technologies, as well as internal risks such as environmental compliance and project delays. Additionally, risks associated with suppliers, such as availability, quality, and pricing of goods and services, are also significant. To safeguard against potential disruptions in the supply chain, it is crucial for the industry to accurately identify risks across all areas. This proactive approach helps protect the oil and gas industry from potential vulnerabilities that may arise in the supply chain.
Course Objectives:
Upon successful completion of this course participants will be able to:
- Provide an understanding of how risk arises along the supply chain
- Use different methods of identifying and assessing risk
- Review the impacts of different approaches to risk allocation
- Implement different Contract types to transfer risks
- Continually review risk management techniques during the life of a contract
Who Should Attend?
This training course is suitable for a wide range of professionals but will greatly benefit:
- Supply Chain Professionals
- Contracts, Tendering, Purchasing, Procurement, and Project personnel
- Contract Administration, Engineering, Operational, and Maintenance personnel
- Risk, Claims, Financial, and Audit personnel
- And all others who are involved in the planning, evaluation, preparation, and management of tenders, specifications, awards, and contracts that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
Course Outlines:
The Supply chain
- Defining the Supply Chain
- Segmenting the Oil & Gas Supply chain and Procurement
- Defining Risk in process industries
- Risk Assessment Process
- Proportionality of control
Managing and Transferring Risk
- Nature of contracts
- Stakeholders in Risk
- Risk management tools
- Relationships and risk ownership
- Insurance
Contractual Risk Management
- Types of Contracts
- Indemnities
- Insurance
- Contract breach
- Contractual Remedies
Dealing with Risk
- Ethics and Fraud
- Financial and Economics risks
- Political and international risk
- Environmental risks arising from the oil and gas supply chain
- Labor disputes and other personnel risks
Planning for Risk Management
- Risk registers
- Force Majeure
- Disaster Recovery
- Action planning
- Case Studies