Protecting project interests from possible risks of major financial liabilities has always been a major business concern. Projects must properly been managed by qualitative risk assessment to minimize or to avoid risk occur in a project planning.
PetroSync - Cost Engineering Risk Management-Earned Value ManagementPetroSync
Will cover the latest techniques and practical methodologies of project cost engineering and risk management to successfully manage project cost and risk, in order to maximize business ROI in the long run.
Cost Engineering Financing and Risk Management in Upstream Oil & Gas ProjectspetroEDGE
The two elements which consistently remain at the forefront of every project or an assignment are “Cost” and “Time”. The mechanics of capturing cost can be a challenging task. Project leaders are expected to provide a realistic, reliable and risks adjusted projection of a project’s performance.
This 3 day training course with in-built workshops is developed to assist you walk-through the engineering formulas and equations to become a “professional” in managing estimates, projections, risks, uncertainties and secure financing for high value, high risk projects for both On-shore and Offshore Oil & Gas industry segments.
Objectives
This course is developed for the participants to gain comprehensive understanding of the field of Cost Engineering and its impact on the project financing and risk management. The underlying objectives are:
Enhance familiarization with mechanics of cost engineering in developing Project Cost Models;
Gain understanding of diversity in cost modelling in context of Offshore and Onshore Oil & Gas projects;
Identify risks associated with cost estimates and costing elements, with an objective of minimizing the exposure;
Appreciate the correlation between cost and schedule, resulting in the delivery of contractual obligations; and
Develop competency to manage risks of costs and time overrun, by implementing appropriate cost control mechanism.
Expected Learning Outcomes
It is expected that the participants through coursework, lectures and sharing of experiences by hands-on workshop, would have learnt:
How to create cost management models with built-in, measurable, real-time progress monitoring transmitters;
Ability to fine-tune cost and schedule for mitigating contract risks;
Able to use various tools in getting the most optimum cost and schedule mix through simulations and iterations;
Capability to produce well supported propositions to arrange external financing and satisfying the requirements of Banks and Financial Institutions;
How to implement the cost control strategies and allow for variations and manage unscheduled events or geopolitical developments;
Good understanding of key aspects which provide differentiation between offshore and onshore projects, so as to modify the cost models accordingly; and
Good understanding of the underlying cost engineering concepts, principles and methodologies being adopted in Oil & Gas projects.
PetroSync - Cost Engineering Risk Management-Earned Value ManagementPetroSync
Will cover the latest techniques and practical methodologies of project cost engineering and risk management to successfully manage project cost and risk, in order to maximize business ROI in the long run.
Cost Engineering Financing and Risk Management in Upstream Oil & Gas ProjectspetroEDGE
The two elements which consistently remain at the forefront of every project or an assignment are “Cost” and “Time”. The mechanics of capturing cost can be a challenging task. Project leaders are expected to provide a realistic, reliable and risks adjusted projection of a project’s performance.
This 3 day training course with in-built workshops is developed to assist you walk-through the engineering formulas and equations to become a “professional” in managing estimates, projections, risks, uncertainties and secure financing for high value, high risk projects for both On-shore and Offshore Oil & Gas industry segments.
Objectives
This course is developed for the participants to gain comprehensive understanding of the field of Cost Engineering and its impact on the project financing and risk management. The underlying objectives are:
Enhance familiarization with mechanics of cost engineering in developing Project Cost Models;
Gain understanding of diversity in cost modelling in context of Offshore and Onshore Oil & Gas projects;
Identify risks associated with cost estimates and costing elements, with an objective of minimizing the exposure;
Appreciate the correlation between cost and schedule, resulting in the delivery of contractual obligations; and
Develop competency to manage risks of costs and time overrun, by implementing appropriate cost control mechanism.
Expected Learning Outcomes
It is expected that the participants through coursework, lectures and sharing of experiences by hands-on workshop, would have learnt:
How to create cost management models with built-in, measurable, real-time progress monitoring transmitters;
Ability to fine-tune cost and schedule for mitigating contract risks;
Able to use various tools in getting the most optimum cost and schedule mix through simulations and iterations;
Capability to produce well supported propositions to arrange external financing and satisfying the requirements of Banks and Financial Institutions;
How to implement the cost control strategies and allow for variations and manage unscheduled events or geopolitical developments;
Good understanding of key aspects which provide differentiation between offshore and onshore projects, so as to modify the cost models accordingly; and
Good understanding of the underlying cost engineering concepts, principles and methodologies being adopted in Oil & Gas projects.
Risk Management & Contingency Guideline Training WorkshopPedram Danesh-Mand
Through real case studies and by training the key elements of new Contingency Guideline released by Risk Engineering Society (RES), this highly-interactive workshop will enhance your project risk management skills enabling you to:
Understand an integrated approach to schedule, cost and risk to assess and manage optimum contingency
Understand quantitative risk analysis methodologies and common sources of risks in major engineering projects
Obtain a good knowledge of quantification of project estimate uncertainties, schedules, allowances and their confidence level
Learn about accurate assessment, allocation and management of optimum and competitive contingency (both time and cost) for desired confidence level
Assess certainty for having a competitive bid and a successful project
Hear about some lessons learned in practical applications of RES Contingency Guideline in few recent major projects across Australia.
The presentation about Project Risk Management conducted by Mr. Mohamad Boukhari for the project management community in Lebanon during PMI Lebanon Chapter monthly lecture.
Using Risk Analysis and Simulation in Project ManagementMike Tulkoff
An overview of risk management techniques that can be incorporated into project plans and schedules. Learn how to use tools such as @RISK for Excel and Microsoft project to run Monte Carlo simulations on project plans. Model uncertain inputs under several scenarios to view the effect on project outputs like duration, dates, and cost.
Risk analysis for project decision-making
Presented by Keith Gray
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
03.stakeholders and communication PMI-RMP Risk Management Professionalnanacyrah
PMI- RMP Risk Management Professional. Self-paced Learning with more than 500 Exam questions. For more details and sample questions, visit http://www.pmvision.ca/shop/pmi-rmp-certification-course/
PMVISION Training
World of Affordable Training
WWW.PMVISION.CA
As compared with the standard Fishing Course, we spend more time studying the downhole “mechanics” of the fishing tools we use to catch the differing varieties of fish in oil wells and why fishing is not often successful first time.
Advanced Basin Analysis is key to understanding and identification major basin settings for petroleum prospectivity. It evaluates the potential successful basins in exploration for hydrocarbons.
Risk Management & Contingency Guideline Training WorkshopPedram Danesh-Mand
Through real case studies and by training the key elements of new Contingency Guideline released by Risk Engineering Society (RES), this highly-interactive workshop will enhance your project risk management skills enabling you to:
Understand an integrated approach to schedule, cost and risk to assess and manage optimum contingency
Understand quantitative risk analysis methodologies and common sources of risks in major engineering projects
Obtain a good knowledge of quantification of project estimate uncertainties, schedules, allowances and their confidence level
Learn about accurate assessment, allocation and management of optimum and competitive contingency (both time and cost) for desired confidence level
Assess certainty for having a competitive bid and a successful project
Hear about some lessons learned in practical applications of RES Contingency Guideline in few recent major projects across Australia.
The presentation about Project Risk Management conducted by Mr. Mohamad Boukhari for the project management community in Lebanon during PMI Lebanon Chapter monthly lecture.
Using Risk Analysis and Simulation in Project ManagementMike Tulkoff
An overview of risk management techniques that can be incorporated into project plans and schedules. Learn how to use tools such as @RISK for Excel and Microsoft project to run Monte Carlo simulations on project plans. Model uncertain inputs under several scenarios to view the effect on project outputs like duration, dates, and cost.
Risk analysis for project decision-making
Presented by Keith Gray
Monday 10th October 2016
APM North West branch and Risk SIG conference
Alderley Park, Macclesfield
03.stakeholders and communication PMI-RMP Risk Management Professionalnanacyrah
PMI- RMP Risk Management Professional. Self-paced Learning with more than 500 Exam questions. For more details and sample questions, visit http://www.pmvision.ca/shop/pmi-rmp-certification-course/
PMVISION Training
World of Affordable Training
WWW.PMVISION.CA
As compared with the standard Fishing Course, we spend more time studying the downhole “mechanics” of the fishing tools we use to catch the differing varieties of fish in oil wells and why fishing is not often successful first time.
Advanced Basin Analysis is key to understanding and identification major basin settings for petroleum prospectivity. It evaluates the potential successful basins in exploration for hydrocarbons.
The over-riding aim of the pump and system training course is to reduce the costs associate with owning and running pumps. Organizations spend millions running and repairing pumps. Nine out of ten pumps fails early.
PetroSync - Incident Investigation for Upstream Drilling and Well OperationPetroSync
Incident management starts when the initial emergency response activities are over. Then we must secure the site, secure perishable information, inform stakeholders, and consider quarantine of the site and equipment, maybe issue Stop Work-order and a Safety Alerts.
PetroSync - IWCF Certification Drilling Well Control Level 2PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
PetroSync - Crude Oil Trading and Price Risk ManagementPetroSync
Crude Oil Trading & Price Risk Management provides the knowledge and understanding of the workings of the world of crude oil trading and introduce the complicated concept of hedging, to identify price risk and learn how to manage that risk through the different financial instruments available.
PetroSync - IWCF Well Intervention Pressure Control Level 2PetroSync
The compulsory examinations are : Principles & Producers, Completion Operations, and additional minimum of 1 examination is required from Coil Tubing Operation, Wireline Operations or Hydraulic Workover Snubbing) Operations.
PetroSync - Pre-Commissioning, Commissioning and Start-UpPetroSync
Successful commissioning new or starting-up revised equipment and systems requires meticulous planning, organizing and controlling. Careful methodical, detailed planning – early – is the key to the success of any commissioning.
Oil and gas companies handle the most dangerous chemicals and processes across all industries. Catastrophic incidents and casualties are products of the failure to manage process safety. The danger present in everyday operations is evolving thus it is essential to always improve in handling risk and hazard.
PetroSync with Mr. Mandar Mulay organizing a 5 days training on ASME VIII Division 1 & 2 - Pressure Vessel Series. ASME VIII Div. 1 is the most commonly adopted code which is simple and used friendly, where as, ASME VIII Div 2 is an alternative code which provides a better engineered vessel with detailed stresses calculations and more rigorous testing, and allows for savings in material costs (thinner parts may be used).
PetroSync - IWCF Certification Drilling Well Control Level 3 & 4PetroSync
This course is designed for people in critical well control positions on drilling installation as well as onshore roles. The candidates will complete an IWCF accredited training course, taught according to IWCF syllabus, in order to prepare them for assessment.
PetroSync - API 510 Pressure Vessel Inspector coursePetroSync
The API 510 Certification Preparation is designed to equip the professional with such information and understand the exam format. The course will prepare the professional with both parts of the exam, the closed and open book portion.
PetroSync - Applied Carbonate Sedimentology and GeomorphologyPetroSync
In many carbonate reservoirs, the depositional and facies patterns strongly influence reservoir geometry and continuity. This program will enable you understand the key competencies in carbonate sedimentology which will be key to enhanced interpretation of reservoir systems.
PetroSync - API 570 Piping Inspector coursePetroSync
Piping Inspection Code 570 Inspection, Repair, Alteration, and Rerating of In-Service Piping Systems is recognized and used with confidence worldwide. The Piping Inspector Certification Program (PICP) is developed for the continual high level of efficiency and safety through emphasizing professional credibility and process integrity.
This course has been written for Operators, Drilling Contractors and Service personnel who require an in-depth detailed understanding of the causes of stuck pipe (which includes drill pipe, BHA’s, casing, liners and logging tools) and how sticking can be prevented.
PetroSync - Sand Control Completion PracticesPetroSync
One of the objectives of well completion is to maximize productivity with reliable equipment. These objectives are difficult to attain in unconsolidated sand formations due to sand production as a result of stress concentration
PetroSync - ASME B31.3 Process Piping Code Design RequirementsPetroSync
Important code requirements will be explained in a simple, straight forward manner, including the short-cut methods in designing of Pipes, Pipe fitting and Flanges. The participants would be explained in detail the mechanics of adopting and applying the code rules for day-to-day use in their professional work.
Seismic interpretation is a critical step in evaluating the subsurface, as it turns the large investments in seismic data to tangible value to base all E&P decisions. It is essential for explorationists to learn to execute this key skill in their career.
PetroSync - Emotional Intelligence for Effective Work PerformancePetroSync
In order for your organization to tap the potential of its human resources, developing the employees’ capability to think effectively and creatively will be the ultimate goal. They will be able to plan, generate new ideas, make decisions, solve problems etc. with clarity and confidence if given the right fundamental thinking tools. Mind Mapping is a revolutionary method of assessing intelligence developed during 40 years of research by TONY BUZAN. His startlingly innovative MIND MAPS along with his concepts of MENTAL LITERACY have altered the way millions of people approach thinking today. Employees who are able to innovate corporate improvements are those who have learned how to harness the awesome capacity of the human brains.
PetroSync - Technical Report Writing and Presentation Skills for Oil & Gas En...PetroSync
This Technical Report Writing & Presentation Skills three-day course will teach Oil and Gas professionals how to write professional technical reports in a way that will be clearly understood by technical and non-technical readers alike, to ensure the maximum impact for them and their businesses.
The course starts off by building up from the ‘foundations’ of language, in terms of how to improve ‘readability’ and understanding by the readers for the best results. It teaches how to write good sentences and paragraphs.
PetroSync - Risk and Simulation Modelling for Oil and Gas ApplicationsPetroSync
Uncertainty is inherent in many aspects of the oil and gas sector, and major investments are made in upstream and downstream areas in the presence of risk and uncertainties. Decisions involving asset acquisitions, exploration, appraisal, drilling, field development, equipment purchases, fiscal negotiations, cost estimation, capital investment planning and general business case analysis all require quantitative support.
The course is extremely hands-on and focusses on the direct implementation of the techniques. Dozens of models will be built from scratch across a range of applications, and using a range of approaches
Effective measures for auditing project performance and controlling projects is the key to any project’s success. In this course, you will discover proven ways to work within your identified constraints, without letting predefined limits curtail creativity and innovation.
Our Auditing Project Performance & Project Control course is developed to help you learn the required skillsets to validate your project through auditing the limits of time, human resources, materials, budget, and specifications to ensure project success.
This course focuses on the hands-on training and experience, practicing art of auditing your project against the project requirements documents, risk management plans, and budget estimates.
You will also learn the best industry practices used to measure the triple constraints of project management and risk that ensure project success and techniques for estimating and forecasting future performance of your project.
Episode 25 : Project Risk Management
Understand what risk is and the importance of good project risk management.
Discuss the elements involved in risk management planning and the contents of a risk management plan.
List common sources of risks in engineering and information technology projects.
Describe the risk identification process, tools, and techniques to help identify project risks, and the main output of risk identification, a risk register.
SAJJAD KHUDHUR ABBAS
Chemical Engineering , Al-Muthanna University, Iraq
Oil & Gas Safety and Health Professional – OSHACADEMY
Trainer of Trainers (TOT) - Canadian Center of Human
Development
Project Controls Expo, 18th Nov 2014 - "Schedule Risk Analysis for Complex Pr...Project Controls Expo
Schedule Risk Analysis is used on a wide range of projects as an established technique for identifying the uncertainties that threaten (or enhance) project success. However, applying the technique effectively to produce valid results on large and complex projects poses more of a challenge. This presentation summarises an approach to conducting schedule risk modelling for complex, long-term engineering projects, avoiding common pitfalls, and ensuring that outputs can be used to actively influence the project’s outcome.
Get to know What is PMI - RMP Certification? and The PMI - RMP certification training that will teach you how to manage risk, which is a structured and objective approach to managing uncertainty in projects. Learn the steps involved in managing risk, including identification, analysis, and responses, and controlling both known as well as unknown risks in projects. Click here to read in Detail.
How to Prioritize Risks with Qualitative
and Quantitative Risk analysis based on PMBOK6. Difference between Quantitative Risk analysis and Qualitative Risk Analysis.
PetroSync - API Specification Q1 9th Edition Quality Management System Traini...PetroSync
This four-days course will provide an informative look at the requirements, interpretations, and practical applications of the quality management principles as based on the 9th Edition of API Specification Q1, Specification for Quality Management System Requirements for Manufacturing Organizations for the Petroleum and Natural Gas Industry.
PetroSync - API 580 & API 581 Risk Based Inspection & Base Resource DocumentPetroSync
The course is based on API RP 580 Risk-Based Inspection and API Publication 581, Base Resource Document. The course first explains feasible means and alternatives for achieving a successful RBI program without undue complications. This course deals with RBI framework and methodology in a simple straight forward manner to establish and implement a risk-based inspection program best suited for the company objectives.
PetroSync - Surface Geochemical Exploration for Oil and GasPetroSync
The great majority of oil and gas pools and mature source rocks have recognizable surface geochemical expression. The O&G industry devotes significant time and resources in finding and defining traps, but little or none in establishing the likely presence of hydrocarbon in those traps, especially for older onshore basins.
PetroSync - Geological Interpretation of Well LogsPetroSync
The richness and immediacy of wireline log data have advanced immensely in recent year — more data, more curves, more acronyms, and are available sooner. There is vital qualitative and quantitative data in the logs.
PetroSync - Chemically Enhanced Water Alternating GasPetroSync
It is know that two-third of the original oil in place are still in the ground. Petroleum companies are looking for techniques to improve sweep efficiency and increase recovery factors. As a result, Enhanced Oil Recovery (EOR) processes need to be carried out. Successful WAG floods can yield 5-20% additional oil recovery over waterflood because of improved microscopic displacement efficiency by the solvent coupled with improving areal and vertical sweep efficiency.
PetroSync - Budgeting and Forecasting in Oil & Gas IndustryPetroSync
Our Budgeting & Forecasting in Oil & Gas Industry shares insight of budgeting and forecasting process, enables fit-for-purpose budgets and business plans to be developed that robustly model complex, but realistic situations in a flexible and auditable manner.
PetroSync - Practical Accounting in Joint Ventures & Production Sharing Contr...PetroSync
Joint ventures allow companies to preserve autonomy, share investment risk and enhance competitiveness. The financial statements of many oil & gas companies can be different in future as a
result of the changes to the accounting for joint ventures, which raises the question of how such changes should be communicated to the investors and other stakeholders.
PetroSync - Exploration & Production AccountingPetroSync
This course provides an overview through the fundamentals of accounting in the O&G industry with focus on different methods for the expenditure capitalization, depreciation & depletion together with fundamentals for accounting for international operations represented by JVs and PSCs.
PetroSync - Drilling Engineering for Non-Drilling EngineerPetroSync
During the first day of this course, the entire drilling process will be discussed. The language of drillers - understanding their terminology. Understanding the abbreviations and acronyms associated with drilling.
Failure investigations are tough rigorous challenges form the best in engineering. This course will teach delegates the range of thinking and subjects, which need to be considered in driving to find the real root cause of a failure.
PetroSync - Acoustic and Flow Induced VibrationPetroSync
Failures of piping systems in the oil, gas and petrochemical industries can lead to damage of assets, personal injury and loss of life. Piping failure can be caused by excessive vibration, in the form of high levels of acoustic energy (AIV), or by flow turbulence (FIV) created by shear forces within the piping system.
The course introduces the participants to modern carbonate environments and explain how the constituents of a carbonate sediment become lithified and changed after deposition to provide potential reservoir rocks.
The course focuses on the practical applications of various techniques and methodologies in well completion --- from the selection of completion type, perforating strategies, fluid selection, and installation of production heads.
This course will concentrate on Offshore Marine Operations and will cover Operational and Managerial requirements for Loadout; Barge Transportation; Towing of Offshore Facilities; Lifting; Steel Jackets; Gravity-Based Structures; Lift-Off, Transportation and Inshore Mating of Topsides; Offshore Pipelines; Marine Operations Overview; Special Topics, and other essential topics related to Export/Import Oil & Gas.
This course examines the difficulties, challenges and problems facing today’s deepwater drilling programme designers and personnel where wells are being drilled in increasingly difficult downhole and environmental conditions with ever increasing cost and legislation further contributing to design and operational pressures.
This training course is a comprehensive course to the technology of shell and tube heat exchangers as these robust type of heat exchangers are the most commonly used in the process and refinery industries, where they provide flexibility and are easy to maintain.
Fitness-For-Service (FFS) assessments are quantitative engineering evaluations that are performed to demonstrate the structural integrity of an in-service component that may contain a flaw or damage.
PetroSync - Applied Petrophysics for Low Resistivity Thin-Bedded FormationsPetroSync
Thin bedded reservoirs are increasingly common exploration targets. However, evaluating such formations is difficult due to challenging and sometimes misleading data.
This is an in-depth course that is designed to provide the participants with a solid understanding of reservoir engineering and associated modern theories in order to manage and maximize hydrocarbon recovery. Hands-on examples and exercises are used throughout the course to help participants with understanding key performance concepts. Participants are encouraged to bring their own laptop computer to class.
PetroSync - Fractured Reservoir Modeling with Application to Fractured BasementPetroSync
This course provides a unique opportunity to learn all the aspects related to the understanding and modeling of fractured reservoirs. Participants will gain knowledge of how fractured reservoirs differ from conventional reservoirs, and how to approach their fractured reservoir projects in a systematic manner.
TECHNICAL TRAINING MANUAL GENERAL FAMILIARIZATION COURSEDuvanRamosGarzon1
AIRCRAFT GENERAL
The Single Aisle is the most advanced family aircraft in service today, with fly-by-wire flight controls.
The A318, A319, A320 and A321 are twin-engine subsonic medium range aircraft.
The family offers a choice of engines
Hybrid optimization of pumped hydro system and solar- Engr. Abdul-Azeez.pdffxintegritypublishin
Advancements in technology unveil a myriad of electrical and electronic breakthroughs geared towards efficiently harnessing limited resources to meet human energy demands. The optimization of hybrid solar PV panels and pumped hydro energy supply systems plays a pivotal role in utilizing natural resources effectively. This initiative not only benefits humanity but also fosters environmental sustainability. The study investigated the design optimization of these hybrid systems, focusing on understanding solar radiation patterns, identifying geographical influences on solar radiation, formulating a mathematical model for system optimization, and determining the optimal configuration of PV panels and pumped hydro storage. Through a comparative analysis approach and eight weeks of data collection, the study addressed key research questions related to solar radiation patterns and optimal system design. The findings highlighted regions with heightened solar radiation levels, showcasing substantial potential for power generation and emphasizing the system's efficiency. Optimizing system design significantly boosted power generation, promoted renewable energy utilization, and enhanced energy storage capacity. The study underscored the benefits of optimizing hybrid solar PV panels and pumped hydro energy supply systems for sustainable energy usage. Optimizing the design of solar PV panels and pumped hydro energy supply systems as examined across diverse climatic conditions in a developing country, not only enhances power generation but also improves the integration of renewable energy sources and boosts energy storage capacities, particularly beneficial for less economically prosperous regions. Additionally, the study provides valuable insights for advancing energy research in economically viable areas. Recommendations included conducting site-specific assessments, utilizing advanced modeling tools, implementing regular maintenance protocols, and enhancing communication among system components.
Overview of the fundamental roles in Hydropower generation and the components involved in wider Electrical Engineering.
This paper presents the design and construction of hydroelectric dams from the hydrologist’s survey of the valley before construction, all aspects and involved disciplines, fluid dynamics, structural engineering, generation and mains frequency regulation to the very transmission of power through the network in the United Kingdom.
Author: Robbie Edward Sayers
Collaborators and co editors: Charlie Sims and Connor Healey.
(C) 2024 Robbie E. Sayers
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Welcome to WIPAC Monthly the magazine brought to you by the LinkedIn Group Water Industry Process Automation & Control.
In this month's edition, along with this month's industry news to celebrate the 13 years since the group was created we have articles including
A case study of the used of Advanced Process Control at the Wastewater Treatment works at Lleida in Spain
A look back on an article on smart wastewater networks in order to see how the industry has measured up in the interim around the adoption of Digital Transformation in the Water Industry.
Event Management System Vb Net Project Report.pdfKamal Acharya
In present era, the scopes of information technology growing with a very fast .We do not see any are untouched from this industry. The scope of information technology has become wider includes: Business and industry. Household Business, Communication, Education, Entertainment, Science, Medicine, Engineering, Distance Learning, Weather Forecasting. Carrier Searching and so on.
My project named “Event Management System” is software that store and maintained all events coordinated in college. It also helpful to print related reports. My project will help to record the events coordinated by faculties with their Name, Event subject, date & details in an efficient & effective ways.
In my system we have to make a system by which a user can record all events coordinated by a particular faculty. In our proposed system some more featured are added which differs it from the existing system such as security.
Industrial Training at Shahjalal Fertilizer Company Limited (SFCL)MdTanvirMahtab2
This presentation is about the working procedure of Shahjalal Fertilizer Company Limited (SFCL). A Govt. owned Company of Bangladesh Chemical Industries Corporation under Ministry of Industries.
About
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Technical Specifications
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
Key Features
Indigenized remote control interface card suitable for MAFI system CCR equipment. Compatible for IDM8000 CCR. Backplane mounted serial and TCP/Ethernet communication module for CCR remote access. IDM 8000 CCR remote control on serial and TCP protocol.
• Remote control: Parallel or serial interface
• Compatible with MAFI CCR system
• Copatiable with IDM8000 CCR
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
Application
• Remote control: Parallel or serial interface.
• Compatible with MAFI CCR system.
• Compatible with IDM8000 CCR.
• Compatible with Backplane mount serial communication.
• Compatible with commercial and Defence aviation CCR system.
• Remote control system for accessing CCR and allied system over serial or TCP.
• Indigenized local Support/presence in India.
• Easy in configuration using DIP switches.
Democratizing Fuzzing at Scale by Abhishek Aryaabh.arya
Presented at NUS: Fuzzing and Software Security Summer School 2024
This keynote talks about the democratization of fuzzing at scale, highlighting the collaboration between open source communities, academia, and industry to advance the field of fuzzing. It delves into the history of fuzzing, the development of scalable fuzzing platforms, and the empowerment of community-driven research. The talk will further discuss recent advancements leveraging AI/ML and offer insights into the future evolution of the fuzzing landscape.
1. Supported By
PETROSYNC’S PROJECT MANAGEMENT SERIES
Your Key To Analyse & Identify Risk In Project Risk Management
1 March—4 March 2016
Bali, Indonesia
PROJECTRISKASSESSMENT
&MANAGEMENT
3. 3
PROJECT MANAGEMENT | PROJECT RISK ASSESSMENT & MANAGEMENT
PetroSync Distinguished Instructor
Who Needs This Program
Practical & Consulting
Over 25 years of experience in quantitative schedule risk
analysis, integrated cost-schedule risk & analysis & project
scheduling best practices
Training
Provides proprietary training in project risk management,
quantitative cost and schedule risk analysis and project
scheduling to various multinational oil & gas companies.
Regional
Clientele base is from Asia Pacific, US, Europe, South America &
Middle East
Awards
Championed Risk Driver method
Publications
Authored Practical Schedule Risk Analysis (Gower, 2009)
Authored the Recommended Practice 57R-09 on Integrated
Cost-Schedule Risk Analysis
Published Integrated Cost-Schedule Risk Analysis
David T. Hulett
Project Management &
Risk Analysis Consultant
People who are dealing with project selection & strategy, planning and scheduling. This
course covers the Project Risk Management knowledge area of the PMBOK® Guide.
Job Titles Include:
Project Managers
Project Team Leaders
Project Team Members
XXX
Project Risk Managers
Project Controllers
PetroSync Inhouse Solutions
PetroSync can tailor our courses to meet your specific
needs at your preferred location and schedule. Contact us
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08:00—09:00 Registration (Day 1) 13:00—14:00 Lunch
09:00—11:00 Session I 14:00—15:30 Session III
11:00—11.15 Refreshment Session I 15:30—15:45 Refreshment Session II
11:15—13:00 Session II 15:45—17:00 Session Iv (Last Session)
Course Schedule
4. 4
PROJECT MANAGEMENT | PROJECT RISK ASSESSMENT & MANAGEMENT
Course Agenda — 4 Days
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DAY 1
Introduction to Risk Analysis and Management
Definitions of risk and uncertainty, opportunities and
threats
Risk of interrelated project objectives
Risk analysis and risk management
Sources of project risk
Company and personal attitudes toward risk
Alternative responses to project risk
Attributes of successful risk analysis
Discussion: enablers and inhibitors in your company to
risk management?
Risk Management Planning
Developing the approach to risk management to be used
Determining the type of risk analysis, e.g. qualitative
assessment or quantification of risk (or both)
Budgeting and Scheduling the risk management activities
Discussion: how important is risk management planning
in your projects? Is it practiced in the planning stage of
the project?
Risk Identification
Using Risk Breakdown Structure (RBS) with categories of
risk – technical, external, organizational and project
management
Brainstorming the project risks
Structure of the Risk Statement (cause, risk, effect)
Risk Quantification – Simple Concepts in Probability
Expected value, standard deviation calculations
Likelihood of two events occurring together
Discussion: How is risk quantification, different from
qualitative risk analysis, used in your company?
Project Cost Risk – Using Probability Distributions in Risk
Analysis
The purpose of a cost risk analysis
Inputs – the baseline cost estimate without embedded or
below-the-line contingency
3-point ranges of uncertainty in cost estimates
Select the cost elements worth risk ranging
The Method of Moments analytical method for combining
uncertain costs
-Monte Carlo Simulation approach explained,
demonstrated
Results:
-Total program cost risk results from the simulation
-Cost contingency calculation
-Identify elements of highest cost risk – tornado
Diagrams
Cost Risk Case Study – Offshore Gas Production Platform
(small groups, report back)
Project cost estimate provided
Determine the risk ranges for the selected cost elements
Find the likelihood of overrun using the MOM and pocket
calculator
Compute the needed contingency amount and percentage
Discussion: The risks in a typical refinery upgrading
project
Case study – Introduce the Offshore Gas Production
Platform for Risk Identification (in small groups)
-Develop a risk breakdown structure (RBS) of the
usual risks experienced in projects appropriate to the
case
-Identify risks in each category (small groups)
Qualitative Risk Assessment
Ranking risk into Low, Moderate and High categories
Defining the terms for probability and impact
Using the Probability – Impact (PxI) Matrix approach
Questions that elicit probability and impact scale results
Combining probability and impact of risk events
Risk registers are always incomplete, but why, how
to complete them?
Case study –Implementing the (P-I) approach for the
Offshore Gas Production Platform (small groups, report
back results)
-Develop definitions for different levels of
probability and impact
-Use those definitions on the risks identified at Point
4 above, in small groups to develop likelihood and
impact scores
-Combine P-I scores and identify low, moderate and
high risks
-Report back to the group
Decision Tree Analysis for Risk Neutral and Risk Averse
Organizations
Types of decisions for which decision trees are helpful
Setting up the Decision Tree structure
Adding cost, reward and probability data
Rolling forward to calculate path values
Folding back to calculate the event nodes and select the
decision node alternatives
Risk Aversion-Utility function illustrated
Key data indicated by sensitivity analysis
Case study –Decision Tree (Building decision in an
Earthquake Zone)
Risk Data Collection
Steps in collecting high-quality risk data
Who should be interviewed? What other data sources do
we have?
Motivational and organizational bias in collecting risk data
Combating these biases
-Interviews vs. workshops, the value of confidentiality
-Risk-range the important cost risk elements only – the
Pareto concept
-The risk interview – rules and expectations
Discussion: what are the inhibitors and enablers to
collecting unbiased risk data in your company?
DAY 2
Register For This Course Now!
Kindly fill up your particulars in the
registration form placed at the end of this
brochure, and send it to us or email to
registration@petrosync.com
5. 5
PROJECT MANAGEMENT | PROJECT RISK ASSESSMENT & MANAGEMENT
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DAY 3
Modern quantitative risk analysis - using Risk Drivers in
cost risk analysis
Identifying risks from the risk register
Setting up the spreadsheet
Assigning the risks to cost elements
Monte Carlo simulation of the cost model
How to consider the impact of schedule uncertainty on
project cost
The Monte Carlo simulation method
Creating a synthetic sample of similar projects
Making probabilistic statements from the synthetic
sample
What is simulation? How does it work?
Demonstration of @RISK Simulation Software with
Microsoft Excel using Risk Drivers
-Discuss the risks that you would put in for a Refinery
Upgrade Project
-Discuss the results compared to your company’s
experience-Benchmarking against experience, or the
“outside view”
Project Schedule Risk Analysis
Why conduct a schedule risk analysis?
Importance of best practice CPM project scheduling
Using best practices Critical Path Method to develop the
project schedule
Purpose of CPM scheduling as a basis of the quantitative
project schedule Monte Carlo simulation
Schedule risk analysis basics
Risk in activity duration
Use the uncertainty concepts or “Reference Ranges” to
help manage risk range data collection and uncertainty
modeling
Risk along a path in critical path method network schedule
Risk at convergence points of parallel paths – the “Merge
Bias”
Identify the high risk elements – the “Highest Risk Path”
Constraint dates in schedule risk – testing important dates
Scarce resources in schedule risk – resource leveling
Probabilistic branching
Schedule Risk Case Study (small groups, report back
results)
Simple oil & gas project schedule network
Identify Reference Ranges or important risk elements
Use supplied risk ranges for selected elements
Compute likelihood of overrun, contingency needed
Use pocket calculators and the Method of Moments to
derive the total schedule finish date probability
distribution
Demonstrate Primavera Risk Analysis (Pertmaster) on
simple schedule
Using the project example in the case study
Compute probability of schedule overrun and schedule
contingency
Identify the highest risk activities / paths
Discussion: Questions about the Monte Carlo Simulation
method
DAY 4
Risk Driver Method Focus on risks rather than activities
Uncertainty representing inherent variation, estimating
error/bias
Risk Drivers applied to several or many activities
Some activities have several Risk Drivers assigned
Capture entire impact of individual risks including the
impact of the schedule’s structure
Discussion: Use example of risks and uncertainties in the
resource-loaded offshore gas production platform
Calculate correlation (rather than guess coefficients)
Discussion: The concept of correlation and why it is
important
Risk Prioritization to prepare for risk mitigation
Prioritize schedule risks leading to Risk Response
Management and post-mitigated results
Demonstrate Polaris and automated risk prioritization
on Offshore Gas Production Platform Project
Demonstrate the risk mitigation methods
See how risk mitigation workshops help mitigate Risk
Drivers
Model risk mitigation and compare with pre-mitigated
results
What is a mitigation? Different from before, committed to,
funded, resourced, monitored
Integrate cost and schedule risk
Use the schedule, assigned and costed summary resources
Simulation captures schedule risk impact on the cost and
Risk Drivers’ impact on the burn rate of time-dependent
resources
Scatter diagram, probabilistic cash flow
Demonstrate these using Pertmaster software
Discuss how oil & gas company budgets and schedules to
risk-adjusted cost and time targets
Project Risk Response Strategy examples for opportunities
and threats
Threat avoidance
Threat mitigation
Contingency planning
Opportunity acceptance
Opportunity sharing
Opportunity exploit
Opportunity enhance
Case study – Identify effective risk management actions
for pipeline construction project
-Take the top 5 risks identified earlier
-Develop a list of primary and backup strategies to
effectively mitigate risk
Risk Monitoring and Control
Risk reviews
Audit of the Risk Management Processes
Cycle through risk processes during the Project Life Cycle
Characteristics of a Mature Project Risk Management
Organization
Discussion – is our company a risk mature organization?
What could be done to make it more mature?
Summary of Risk Analysis and Management
6. 6
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Title : Project Risk Assessment & Management
Date : 1—4 March, 2016
Location : Bali, Indonesia
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INVESTMENT PACKAGE DEADLINE FULL MASTERCLASS
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