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  • Job reference: RMS0106659

Capital Projects Risk Specialist

  • Sector: Oil & Gas
  • Location: Aberdeen
  • Job type: Contract
  • Date posted: 17/02/2012
  • Time left:
    d h m s
    (17/03/12)
This vacancy has now expired.
The Company:
Our Client uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of the clients operations. The Company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates. With more than 30,000 employees, our Client works worldwide to consistently deliver top performance, value and to maintain the company’s global market

The Role:
The UK Capital Projects consists of major capital projects in early stages of FEED through early execution. There are both onshore and offshore projects in a variety of challenging environments with application of unique technology. The portfolio represents several billion dollars of capital over the next few years.
The UK Capital Projects Risk Specialist will support of all projects in the portfolio as described below.
Will be regular travel.

Accountabilities and End Results:
The Capital Projects Risk Specialist will support the project in applying company risk management standards and procedures to the portfolio projects in all project phases (FEL 0 – 3 and Execution). The Project Risk Specialist will assist project teams to develop a risk register, including mitigation strategies and contingency plans. The risk specialist conducts the quantitative risk analysis (QRA) and prepares the contingency breakdown report (CBR), a summary description of project risks and impacts.

For projects in FEL stages, the Risk Specialist works with the Project Management Team to prepare a project risk assessment. The contingency breakdown report is the basis of project contingency recommendations and sets the Total Installed Cost (TIC) for the project. Quantitative risk analyses conducted during engineering, procurement and construction [EPC] will identify the likelihood of projects achieving their original AFE or supplement funding targets.

Ensure processes are conducted in accordance with the Capital Projects Management System.

Primary Functions:
• Manage and facilitate the Risk Management Process.
• Facilitate project teams with risk identification (Risk Register) and risk mitigation planning and reviews.
• Provide specialist project capital expenditure (CAPEX) and schedule risk analysis services. Risk specialists apply QRA services to projects in all phases.
• Support to the projects in developing cost and schedule contingency levels for projects to management, based on the risk profile of the project.
• Identify the P10, P50, and P90 cost and schedule project outcomes for input to business economic models and investment decision making.
• Identify the likelihood of projects achieving their original AFE or supplemented funding or schedule targets, for risk analyses conducted on projects in execution.
• Assist teams in presenting project risk profiles to management.
• Act as an advisor, to project management, on issues regarding the risk analysis
• Implement project documentation and data preservation routines.

Essential Skills / Qualifications:
• Advanced decision and risk analysis experience.
• Advanced project risking expertise.
• Knowledge of probability analysis and statistics.
• Strong working knowledge of Pertmaster.
• Strong working knowledge of Excel (Visual Basic programming skills a plus). Also good working knowledge of Primavera.
• Training and mentoring skills.
• Established Opportunity Risk Management network.
• Self starter with strong analytical and leadership abilities.
• Bachelor degree (B.Sc.) or equivalent education. Less formal education may be compensated with documented relevant experience.
• Relevant experience in an Oil and Gas related industry.
• Understanding of the sources of project uncertainty, including technical engineering issues, project scope definition, construction, productivity, commercial, and contracts.
• Good knowledge of key capital project management processes.
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