Introduction:

Anyone working within the oil & gas industry knows that it is a complex project environment that throws up its own particular challenges. This detailed and integrated course will assist anyone in the industry to make better decisions on projects, whether they are responsible for project selection, management, or leading aspects of projects through any point of the project life cycle.

This course provides participants with the advanced skills required to execute business strategies effectively, from decision-making models for commercial departments, through to feed and into planning and delivery. Using industry best practice examples merged into practical instruction, with tried and tested processes and tools, is designed as a roadmap to provide the skills for planning, organizing, execution and closing out of a project. This course will feature:

• How oil & gas organizations  ascertain the strategic fit and relevant options for project delivery
• The need to undertake Front End Design & Survey in an oil & gas environment
• How to establish the key requirements necessary to support oil & gas project approval
• The route to successful project integration and delivery
• The importance of leading and managing a successful project team

Course Objectives:

By the end of this course, delegates will be able to:

• Understand the importance of integrating scope, time, resources and cost management into a dynamic, manageable project management plan
• Systematically define, design, and integrate end-user requirements in the project
• Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
• Identify with and manage stakeholders and communication needs in the oil & gas industry
• Maintain continuous project performance and delivery control
• Accurately estimate and allocate project costs and resources
• Compress or accelerate the schedule when required by adverse circumstances
• Develop a project close-out plan in line with expected success criteria
• Develop project network diagrams for CPM and advanced PERT calculations to identify schedule and cost risks
• Develop a project recovery plan for budget and schedule overruns
• Produce clear and concise project progress reports
• Measure, forecast and control project performance by employing earned value techniques

Who Should Attend?

Construction Engineers, Senior Construction Engineers, Construction Supervisors, Construction General Supervisors, Construction Project Managers, Engineering Technologists, Supervision Engineer, Inspection Engineers, Civil Inspectors, Foremen, Design Structural Engineers, Planners, Structural Engineers, Material Specialists, Quality Control and Quality Assurance Experts, Architects, Supervision Engineers, Team Leaders, Site Officers and Managers, Mechanical Engineers, Technical Professionals, Field Production Supervisor, Operation Engineers, Clients Representatives, Team Leaders, Supervisors, Section Heads and Managers, Professionals who have an interest in a management position, anyone who wants to become a leader in their work role, Project, Purchasing, Finance & Production Officers and personnel, technical professionals including those in Maintenance, Engineering & Production, Secretaries, clerks, administrative and support staff

Course Outline:

Project Decision Making in the Oil and Gas Industry: Concepts of Project Management

• Projects and courses
• Project life cycles and stage gates

Details of Project Approval in the Oil & Gas Industry

• Project Sanctioning and Approval Process (PSAP) for the oil & gas Industry
• Development of the Strategic Project Business Case
• Project Identification, Awareness of accountability of Project Ideas
• Exploration survey
• Exploration drilling 

Project Context in the Oil & Gas Industry

• Appreciation of macro-environment in relation to project choice
• Understand who stakeholders are and how they may impact upon the project
• Regulatory framework, institutional factors and infrastructure

Strategic Decision Making through the Project Life Cycle

• Project feasibility decision makers
• Project preparation & planning responsibilities
• Project execution techniques
• Delegating as the project closes

Project Leadership Skills

• Build an executive leadership style that creates trust, sets a clear vision, and guides your entire team toward greater performance and profit
• Understand the project organization in a typical oil & gas project
• Project manager, unique requirements
• Consider implications of unclear roles and responsibilities to project success

Project Financing and Financial Modelling for Oil & Gas Projects

• Project finance: Limited and non-recourse project finance
• Structuring project finance deals
• Project finance estimation: a dynamic process
• Financing/credit risk considerations for the oil & gas project

Evaluation Mathematics in Project Finance

• The time value of money, how it applies to project finance
• Yields and rate of return
• Discounted cash flow (DCF) analysis for project finance

Identify Reasons for Project Failures and Successes

• Understand why some projects fail
• Gain an understanding of successful projects and analyze reasons for success

Starting with the End in Mind

• Define success criteria and KPI’s of an example oil & gas project
• Capture project requirements
• Development of the project charter

Project Management Integration

• Understand the need for a project team approach
• Importance of communication in an oil & gas project
• Project Systems and Processes for procurement, award of contracts, workforce management and reviews
• Project management issues and their resolution

Project Stakeholder Engagement

• Identify and plan to engage with the project’s key stakeholders
• Centralized vs. participatory monitoring

Project Reporting Techniques

• Optimal project review types and intervals
• Control decision-making
• Project evaluation criteria

Preparing for Project Decommissioning

• Decommissioning and rehabilitation considerations

Delivering Successful Projects within the Oil and Gas Industry: Stakeholder Management

• Understand who the key stakeholders are and how they may impact upon the project
• Consider implications of unclear needs and expectations

Preparing for Project Delivery

• Be clear about the project success criteria and how the project will be measured as successful
• Define the project requirements
• Develop the scope, using product and work breakdown structures

Project Estimating

• Utilize relevant techniques for project estimating
• Understand the associated activities, their relationships and personnel required
• Learn about the differing levels of accuracy for estimating methods

Project Schedule Planning

• Utilize relevant techniques for project estimating
• Gantt chart, developing the schedule baseline

Project Planning: Critical Path and Network Scheduling

• Developing the precedence network diagram
• Carry out total and free float calculations
• Develop a Gantt Chart –the schedule baseline

Developing Project Budget & Schedule Control

• Project management inputs to cost budgeting
• Understand how to estimate cost & schedule
• Prepare to manage or control project costs

Managing the Project Supply Chain

• Familiarize yourself with different contract types according to risk distribution
• Learn the difference between fixed price & cost-plus contracts

Project Resource Management, Typical Challenges for an Oil & Gas Project

• Resource allocation algorithms for resource prioritization
• Planning and scheduling limited resources
• Options for accelerating the schedule and how to deliver

Project Risk and Contingency Analysis

• Risk management process & model
• Identifying potential risk events typical in an oil & gas project
• Understand qualitative and quantitative analysis techniques
• Evaluate expected monetary value
• Design appropriate risk response planning strategies

Selecting and Developing an Oil & Gas Project Team

• Challenges of an oil & gas project team
• Learn about different leadership models
• Dynamics of team development & motivation

Project Monitoring & Controlling a Project in an Unstable Environment

• Tracking the project, ensuring it’s still on track
• Earned value management (EVM) - translating earned value information to reporting
• Managing variable conditions - managing the tensions
• Learn about the critical chain and its growing popularity in the oil & gas industry

Managing Project Change

• Managing change in projects
• Understanding the best-practice change processes used in projects

Project Communication & Support

• Knowledge transfer and its importance in the oil & gas industry
• The benefits of utilizing a project support office
• Understanding legal requirements around delivery in the oil & gas industry
• Project reviews
• Engaging with oil & gas partners and key stakeholders

Project Quality Management

• Learn about project quality management
• Differentiate between quality planning, assurance & control
• Understand how quality tools can be used
• Recognize the costs of quality and non-quality in projects

Project Operational Considerations

• What are the operational considerations that need to be met and prepared for?
• What are the environment protection measures?

Project Cost and Schedule Recovery

• Project cost and schedule recovery techniques relevant to the oil & gas industry
• The implications of late recovery practices

Staying Focused, Delivering and Closing Your Project

• Project management reporting
• Project handover
• Project closure

COURSE LOCATIONS