Introduction:

Project Management is an emerging profession operating in an increasing range of industries. As projects become more complex, and as more organizations move to management by projects, there is an increasing demand for competent project managers. Surprisingly, many small and large projects go wrong. The question is: why do they go wrong? Most of the answer has little to do with project size or degree of complexity, but a lot to do with project planning and control. The cause of project failures can often be traced back to poor project definition, planning or control. 

Project success is the key outcome in project management. Actually, there is nothing more important to the success of a project than making good informed decisions. This technical skill is certainly crucial, yet few managers have had formal training in decision-making and project management. This course provides you with the training you need to manage your projects more efficiently. The course adopts a managerial perspective with an analytic rather than prescriptive emphasis. It also takes into account both the human and technical sides of management. This course will feature: 

• Translating goals into a schedule
• Understanding planning
• Development of project goals
• Knowledge of Project Economic Evaluation
• Understanding and handling project risk

Course Objectives:

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

• Techniques for project control
• Project evaluation
• Project estimating and budgeting
• Appropriate knowledge of the concepts of project planning
• Elements of successful control systems
• Project reporting
• Ability to plan a project balancing competing objectives
• Proactive identification of risk sources and minimization of their impact
• Understanding the relationship between cost & time
• Knowledge of mathematical techniques used in resource planning and control
• Evaluating project progress and modifying project plans accordingly
• Ability to make decisions and to select choices with greater knowledge of facts to optimize outputs

Who Should Attend?

Project Managers, Team Leaders, Managers, Line Managers, Superintendents, Senior Personnel, Civil Engineers, Construction Managers, Construction Engineers, Portfolio Managers, Project Coordinators, IT Personnel, Assistant Superintendents, Assistant Project Managers, M&E Coordinators, LEED & BIM Coordinators, Architects and Designers, Estimators, Process Engineers & Managers, Field Engineers, Consultants and Contractors, Sub-Contractors, Project Planners. Schedulers, Project Administrators, IT & Oil & gas Key Personnel, Finance Managers, Senior Engineers, Engineering Managers, Project Management Office (PMO) Staff, Procurement Managers, Risk Managers, Project Controls Managers, QA & QC Managers, Project Management Professionals, Senior managers and functional managers at large owner and contractor organizations whose primary responsibilities are in planning and executing major projects will gain insights into the nature and challenges of managing oil and gas projects

Course Outline:

Overview of Project Management

• Projects in contemporary organizations
• The nature and context of project management
• Benefits of project management
• Possible sources of variance
• Project selection and evaluation techniques
• Benefit/cost analysis
• Break-even analysis
• The project control cycle

Project Planning

• Fundamentals of project planning
• Network analysis techniques
• Critical path scheduling
• Course evaluation and review technique
• Resource allocation
• Resource leveling
• Compressing schedules
• Monitoring and control using networks

Budgetary and Cost Control

• Cost fundamentals
• Cost estimation: approximate and detailed estimates
• Direct and indirect costs
• Time-cost trade off
• Budgeting
• Cash flow analysis
• The concept of variance
• Earned value management

Risk Management in Projects

• Risk vs. uncertainty
• Risk terminology
• Objective and subjective risk assessment
• Risk analysis and management
• Basic techniques for handling risk
• Decision-making and expected monetary value
• Personal attitudes towards risk

Managing Project Staff, Information and Quality

• Team life-cycle
• Staff allocation and optimization
• Principles of quality management
• Data, information, and knowledge management
• Lean project management: concept and applications

COURSE LOCATIONS