Training Certificate

Prolific Consultants FZE Certificate of Course Completion will be issued to all attendees.

Course Introduction

The Oil, Gas & Petrochemicals Industry are subject to a wide range of risks. These range from external factors impacting on demand such as the world economy, and the rise of competing technologies, to internal risks such as environmental compliance and project over run, back down to the risks associated with Suppliers such as availability, quality and pricing of goods and services.

Only by correctly identifying the risks in all areas of the supply chain can the Oil, Gas & Petrochemicals Industry protect itself when the supply chain threatens to break at a weak link.

This training course on Supply Chain Risk Management for the Oil, Gas & Petrochemicals Industry will highlight:

•   Critical understanding of the internal and external risks in the Supply chain

•   Planning and risk management

•   Ability to manage risks as they arise

•   Supplier relationship and risk management

•   Examples of the use of Contractual Terms and Conditions to allocate risk

Course Objective

At the end of this training course, you will learn 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

Suitable For

This training course on Supply Chain Risk Management 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.

Training Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions, and motivate everybody find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

Course Content

DAY 1

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

DAY 2

Managing and Transferring Risk 

• Nature of Contracts
• Stakeholders in Risk
• Risk Management Tools
• Relationships and Risk Ownership
• Insurance

DAY 3

Contractual Risk Management 

• Types of Contracts
• Indemnities
• Insurance
• Contract Breach
• Contractual Remedies

DAY 4

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

DAY 5

Planning for Risk Management

• Risk Registers
• Force Majeure
• Disaster Recovery
• Action Planning

Case Studies, Last Day Review, Discussions & Pre & Post Assessments will be carried out.