Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Project management must involve detailed evaluation, assessment and mitigation of a wide range of risks in order to make the right decisions at the appropriate times. By managing risk, a company can greatly reduce project costs, improve the project schedule and ultimately increase stakeholder returns without stumbling over unexpected events. A definitive process is required in order to systematically and appropriately identify, assess, control and reduce risk (and/or exploit uncertainty and opportunity in some cases) during all phases of a project.
There are three main areas of project risk:
Pre-FEED or conceptual risks
Technical (engineering and design) risks
Execution (construction, installation, start-up and commissioning, operations) risks.
If project risks, particularly project execution risks, are not managed through comprehensive assessment and measured responses, the consequences frequently come back to haunt all of the project stakeholders, and can lead to human and financial catastrophes.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Aberdeen - December 2-3
Calgary - December 8-8
Mangaf - December 8-10
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.