Training Risk Management in the Supply Chain for the Oil, Gas and Petrochemicals Industry
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 Risk Management in the Supply Chain 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
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 Risk Management in the Supply Chain 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
PROGRAMME OBJECTIVES
- 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?
- 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
PROGRAM OUTLINE
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
- Labour Disputes and other Personnel Risks
Planning for Risk Management
- Risk Registers
- Force Majeure
- Disaster Recovery
- Action Planning
