Project Risk Management (Oil & Gas)
PSCM (Procurement and Supply Chain Management) department
manages risk rather than crisis thanks to JBA
A FTSE 10 Oil and Gas Exploration organisation appointed JBA to develop a Risk Management System. Furthermore, JBA were selected to assist in the management of the risk register for a large transformation programme, geared at turning the Procurement & Supply Chain directorate around proactively and more cost effectively.
Working with the PCSM Programme Manager, JBA were tasked with the development of a proactive Risk Management System and support in the tracking, monitoring and management of risk.
The JBA solution
The JBA team implemented a robust Risk Management System, in line with the Association of Project Managers PRAM (Project Risk and Analysis Method).
This involved initiating the Risk Management process; identifying the risks; assessing the risks for probability and impact, and planning an appropriate response.
The solution was implemented in a controlled and robust way and due diligence was paid to the continued monitoring of risks.
JBA successfully delivered the programme on time, within budget and to desired quality standards. Its input meant that PSCM could mitigate and transfer risks that occurred in a timely manner, and no longer had to 'fire fight' its way out of risk occurrences.
JBA left PSCM staff confident that they could successfully manage risks associated with projects in the future.
The PSCM Project Manager said,