Participants attending the QP Enterprise Risk Management Forum.
DOHA: Qatar Petroleum held its first ‘QP Enterprise Risk Management (ERM) Forum’ recently. The one-day event discussed the common risk management practices, their practical applications as well as the lessons learned and the challenges faced in implementing a corporate-wide ERM programme, said a statement issued by the energy giant, yesterday.
The forum, held on October 28, was attended by over 100 ERM focal points representing QP’s various directorates and departments from all its operational areas. The event was a follow-up to the completion of QP’s first Corporate Enterprise Risk Management Report (CERMR), which was published in August 2013.
Director of QP’s Strategic Planning & Policy Directorate, Issa Shahin Al Ghanim, in his opening address stressed that risk management was something that the corporation has been engaged in for a long time now and he also explained that the current ERM programme primarily intends to provide structured framework to facilitate a proactive and systematic management of risks on a consistent basis.