Running a successful petroleum operation requires a blend of technology, business savvy, and people skills. If you already have a firm grasp of exploration or production technology, learn to amplify its effectiveness with applied project management techniques. This course is aimed at helping technical personnel make the best business decisions – decisions that Lead to lowest project cost while still meeting all production or exploration goals.

Project and resource management covers the principles and application of project Management to the upstream oil and gas business. Participants may choose a case study from a number of real-life exploration, production, facilities, and general management Situations or they may bring the details of one of their own current projects. Because of this Experience with practical situations, participants can use this project management Principles their first day back on the job.

This interactive training provides participants with the skills required to deliver projects effectively, from decision-making concepts used by business development and commercial departments, through to FEED and into planning & delivery.

This training focuses on industry best practice Project Management examples merged into practical instruction. Digging deep into tried and tested processes and tools, in order to best support the likelihood of future projects achieving their desired results and benefits delivered by the project.

Developing Project Strategy in the Oil & Gas Industry

Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry

• Projects and Programmes
• Project Life Cycles and Stage Gates
• 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
• Exploratory Decision-analysis

Project Context for Oil & Gas Projects

• 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
• Project Feasibility Decision Makers
• Project Preparation & Planning Responsibilities

Project Financial Modelling and Project Leadership Skills

• Structuring Project Finance Deals
• Financing / Credit Risk Considerations for the Oil & Gas Project
• The Time Value of Money – How it applies to project finance?
• Yields and Rate of Return – Discounted Cash Flow (DCF) Analysis
• Build an Executive Leadership Style that guides the project toward greater performance and profit
• Understand the Project Organisation in a typical Oil & Gas project
• Project Manager – Unique Requirements

Identify Reasons for Project Failures & Prepare for Successful Delivery and Integration

• Understand Why some projects fail
• Gain an Understanding of Successful Projects and Analyse Reasons for Success
• Development of the Project Charter
• Define Success Criteria and KPI’s of an example Oil & Gas Project
• Capture Project Requirements
• Understand the Need for a Project Team Approach
• Importance of Communication in an Oil & Gas project
• Working Collaboratively

Development Project Stakeholder Relationships & Project Communication

• Identify and Plan to engage with the Project’s Key Stakeholders
• Creating Project Dashboards
• Presenting Decisions to the Project Board
• Recognising need for Project Recovery
• Control Decision-making

Delivering Successful Projects within the Oil and Gas Industry

Preparing for Project Delivery

• Understand who the key stakeholders are and how they may impact upon the project
• Consider implications of unclear needs and expectations
• Understand 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
• Utilise Relevant Techniques for Project Estimating

Project Planning – Schedule, Cost & Resources

• Develop a Network Diagram
• Developing the Precedence Network Diagram with Total and Free Float Calculations
• Develop a Gantt Chart –The Schedule Baseline
• Understand How to Estimate Project Cost Baseline
• Familiarise Yourself with Different Contract Types according to Risk Distribution
• Learn the Difference between Fixed Price & Cost-Plus Contracts
• Resource Allocation Algorithms for Resource Prioritisation
• Planning and Scheduling Limited Resources
• Options for Accelerating the Schedule and How to Deliver

Manage Risks & Resources

• Risk Management Process & Model
• Identifying Potential Risk Events Typical in an Oil & Gas project
• Understand Qualitative and Quantitative Analysis Techniques
• Design Appropriate Risk Response Planning Strategies
• Challenges of an Oil & Gas Project Team
• Learn about Different Leadership Models
• Dynamics of Team Development & Motivation

Managing Project Changes while Maintaining Quality

• Managing Change in Projects
• Understanding the Best Practice Change Processes used in Projects
• Tracking the Project – Using Earned Value Management (EVM)
• Managing Variable Conditions – managing the tensions
• Learn about the Critical Chain and its Growing Popularity in the Oil & Gas Industry
• The Benefits of Utilising a Project Support Office
• Project Reviews
• Learn about Project Quality Management
• Differentiate between Quality Planning, Assurance & Control
• Understand How Quality Tools can be Used

Staying Focused, Delivering and Closing your Project

• Recognising the Operational Considerations that need to be Met and Prepared For
• Learn about Project Cost and Schedule Recovery Techniques Relevant to the Oil & Gas Industry
• The Implications of Late Recovery Practices
• Project Management Reporting
• Project Handover & Closure
• Lessons Learned

This training seminar is suitable to a wide range of professionals but will greatly benefit:

• Programme and Project Managers
• Project Management Professionals
• Senior related Project Support Managers and supervisors
• Senior Management Decision Makers
• Commercial Management Personnel
• Project Lead Engineers
• Project Control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies

Accra: TBA

Dubai: TBA

Texas: On Request