On the afternoon of September 3, 2025, PTSC Quang Ngai Joint Stock Company (PTSC Quang Ngai) held the August 2025 Risk Management review meeting with the participation of Ms. Bui Thi Huong – Head of Risk Management & Insurance; Health, Safety, Environment & Quality Division (HSEQ Division) of Petrovietnam Technical Services Corporation (PTSC), and representatives from the staff of PTSC’s HSEQ Department; the PTSC Quang Ngai Risk Management Steering Committee along with coordinators from the company’s departments. The meeting not only recognized the initial positive results achieved by PTSC Quang Ngai but also served as an opportunity to review the contents of the Risk Register documents, propose solutions/action plans for the coming period, and ensure Risk Management work is carried out more deeply and effectively in the remaining months of the year.
At the meeting, the HSEQ Department reported and presented an overview of Risk Management at PTSC Quang Ngai through the issuance of Risk Management documents, training activities, and communication bulletins. A highlight of the Risk Management system was clearly shown: 100% of high and very high risks had been identified by departments and project management teams, and effective control measures were applied to reduce residual risks to safe levels (medium, low). This demonstrated the efforts and coordination of departments in gradually making Risk Management an effective management tool.
In addition, valuable lessons from real case studies on quality, maritime safety, and project schedule were thoroughly analyzed, emphasizing the importance of detailed planning and enhanced on-site supervision.
Speaking at the meeting, the representative of PTSC HSEQ Division acknowledged PTSC Quang Ngai’s efforts in Risk Management work and provided professional feedback to further improve the Risk Management system of the company. PTSC emphasized that for Risk Management to be truly effective, risks must be described specifically, risks in projects should be reviewed and categorized, root causes must be analyzed, and proposed solutions must be feasible and measurable.
Taking the directives into account, the company’s Risk Management Steering Committee issued strict requirements and solutions to improve the progress and quality of Risk Management documents, while emphasizing the importance of the following factors: information coordination and regularly proactively identifying newly emerging risks.
With close guidance from PTSC headquarters and the company’s Steering Committee, together with the efforts of all departments, PTSC Quang Ngai is confident that Risk Management will continue to be enhanced, becoming an effective tool contributing to the company’s sustainable development in the coming period.
Pham Thanh Ngan
