CNOOC / Chevron (China) - QHD_FIELD REDEVELOPMENT RISK TREATMENT METHODOLOGY
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Transcript of CNOOC / Chevron (China) - QHD_FIELD REDEVELOPMENT RISK TREATMENT METHODOLOGY
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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
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Upstream Field Development - Risk Areas in Life-Cyclefor Capital Value Assurance (example only)
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Risk Management – Business Risk Strategy for Project Execution Define Risk Management Business Level Strategy as below
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Risk Management – Business Risk Tactical Strategy for Project Execution Define Risk Management Tactical Strategy as below
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Risk Management – Business Risk Execution Strategy for Project Execution
Define Risk Management Execution Strategy as below
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Risk Management – Business Management Strategy for Project Execution
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Risk Management – Business Risk Response Strategy for Project Execution
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Risk Management – Assessment Process for Project Execution
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Define Project Risk Management an integral part of the Project Management Process
Proposed Risk Management Process – Introduction
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Define Project Risk Management Process as below
Proposed Risk Management Process – Introduction
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Identify some key elements to obtain Risk Parameters and implement the results for Upstream Project Management Decision Making
Proposed Risk Management Process – Key Elements
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Identified Project Risk Management Process as a Six Stage Cycle
Proposed Risk Management Process – Life Cycle
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Identify the relationships between 6 stage Project Risk Management Process
Total Cost / Schedule Effect of Risk
Proposed Risk Management Process – Relationship
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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
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Methodology – Qualitative Risk Categories – Develop
RiskCategory
Supply ChainPerformance
Supply ChainDisuption
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Methodology – Qualitative Scoring System – Develop
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Methodology – Qualitative Risk Scoring Index – Develop
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consequences
Methodology Qualitative Risk Analysis
Develop “Boston Square Matrix ” technique to model Qualitative Risk Probability / Impact
LEGEND
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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
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Definition : Monte-Carlo Simulation
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Establish Risk Management as a “Continuous” Management Process
Methodology Continuous Improvement Cycle
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INSERT RISK OUTPUTS FROM WORKED EXAMPLES.
CONFIDENTIALCONFIDENTIALIPR ACCESS IPR ACCESS
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