Quantifying Risk and Making Decisions Without Bias
Training Course

1 Days

$995 CAD

Upcoming Sessions
Calgary, Alberta

Thursday, April 18, 2024
8:30 AM - 4:30 PM
Register before March 28 and receive $50 off! Use the discount code EarlyBird.

Course Description
This highly interactive one-day course is designed for leaders, team members, and anyone who needs to assess risk and make decisions. Too often these two activities are based on subjective bias and not objective facts. This course will discuss the bias that we all have and present methods to assess risk and make decisions as a team with minimal bias to obtain the best possible results.

The methods of facilitated risk assessment using risk matrices and fault tree analysis will be explained and both methods practiced in the classroom.

Methods to mitigate risks will also be discussed including Independent Protection Layers (IPL) and the LOPA process. In addition, this will cover Safety Instrumented Function (SIF) and Safety Integrity Levels (SIL).

The Hazard and Operability (HAZOP) methodology will also be covered.

A structured and quantified method of making decisions will be taught and practiced based on the Kepner Tregoe Method.

A complete set of course materials is included in the Quantifying Risk and Making Decisions Without Bias course.

Who Should Attend
Anyone who must identify, quantify and mitigate risks or help to make important decisions but lack the tools and knowledge to do so.

  • What are hazards and risks?
  • Introduction to our own biases – risk perception in people
  • The risk matrix
  • Iso risks
  • The risk assessment process
  • The risk assessment facilitator
  • Practice a risk assessment
  • What is a Fault Tree Analysis?
  • The initiating Event
  • Enablers
  • What are probabilities?
  • Practice several Fault Tree Analyses
  • Mitigating risks
  • Layers of protection
  • LOPA
  • SIFs and SILs
  • The HAZOP
  • What are decisions?
  • When do we make decisions?
  • The Formal Decision Process structure
  • Options
  • Musts
  • Wants and weighting
  • Practice making a decision
  • Risk assessing the decision
  • Conclusions and summary

Keith Timms, P.Eng.
Keith Timms has been a Process Engineer for 46 years and has worked in the chemical, petrochemical, oil and gas and oil sands industries in both the UK and Canada. Half of his career has been in Operations and he therefore has a good understanding of what actually works and what does not and how to troubleshoot problems. Keith is very practical and hands-on but also has a very deep understanding of engineering fundamentals which he likes to apply to all problems.

Keith has worked in many areas of Operations such as Utilities, Upgraders, Refineries, Tailings, Chemical Units, etc.

Working in Operations has given Keith a keen understanding of safety and this has resulted in Keith developing expertise in overpressure protection, relief scenario identification, HAZOPS and LOPAs. Keith has facilitated hundreds of HAZOPS and LOPAs as well as Risk Assessments and Event Tree Analysis.

Keith is a hands-on facilitator that draws out risks and hazards and also tries to make the sessions enjoyable. Clients include Shell, Syncrude, Suncor, Husky Energy, Nexen, IOL, BP, ConocoPhillips and Enbridge Pipelines.

Keith has also developed particular expertise in the hydraulics of many types of fluids in many types of applications including pipelines and networks.

Keith is a funny, energetic, positive instructor that enjoys working closely with clients to deliver innovative solutions. He believes in developing good rapport by listening and understanding goals and interests.

Keith is currently an independent consultant and has been a P.Eng. with APEGA since 1984.

Read More about Keith Timms, P.Eng.