TAFAWOQ Delivers Risk Managment Workshop to Industry Professionals

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TAFAWOQ, recently hosted a Risk Management Workshop for Decision Makers in Doha, as part of its commitment to develop the competencies of project management professionals to help deliver Qatar’s capital investment projects.

More than 50 project management professionals from 16 major Qatari organizations such as Qatar Petroleum, Qatargas, Rasgas, Oryx GTL and Qatar Foundation, attended the ‘Designing and Implementing Risk Management Capabilities – Practical Applications’ workshop. The session was delivered by Cyril Salibi, Corporate Risk Director at ASTAD Project Management, a seasoned risk professional, with more than 25 years of international multi-disciplinary corporate and operational risk experience.

IMG_6063During the interactive seminar, a case study was presented to the participants who then worked in teams to develop risk assessment matrices, to be able to manage and report any risks early on in the project development phase. Many aspects such as Strategic, Operational, Financial, Safety and Health, Legal and Compliance risks were also addressed.

Mr Salibi believes that  effective risk management holds the key to developing an economy that is operationally sound and able to meet the challenges of building iconic projects that are complex and unique in nature.

The workshop offered an opportunity for the participants to share knowledge with Qatar’s project management professionals and provide first-hand conceptual and practical project risk management tools and techniques that will enable them to achieve their project objectives and add value in their business processes. This will undoubtedly create a stronger risk management culture across projects and organisations in Qatar,

Risk Management is fundamental in my line of business. Risks affect every stage of planning and implementation, and the principles learnt in the workshop will help to build a strong national culture of risk management.