INTRODUCTION:
The oil and gas business is infamous for being unsteady and vulnerable to sudden changes in the price of these commodities. Planning and executing projects and programs in this unstable market requires enormous flexibility, resilience, and good risk management. Even though exploration and production (E & P) are crucial to the oil and gas business, without a well implemented project/programme management technique, these projects/programmes experience setbacks, delays, and additional costs.
OBJECTIVES:
This course which focuses in the oil and gas industry as context will benefit and help you to increase/improve your:
- Ability to more accurately define scope of work and costs
- Commercial and Project Management (PM) awareness
- Handling smaller Projects vs. larger projects
- Communication and reporting skills
- Problem avoidance and solving skills
- Risk analysis and management skills
- Leadership and motivation skills for work force
- Dealings with vendors, inspectors and contractors
- Dealings with changes, variation orders and claims
- Handling of ‘scope of work creep’ and going over time and budget
- Knowhow – how to avoid costly mistakes
- Knowhow – how to deliver on time and budget
- Knowhow – how to save your company 6-figure sums
- Knowhow and resume and get promoted
WHO SHOULD ATTEND?
Technical/discipline engineers,
Project engineers,
Team leaders,
Project office staff,
Project coordinators,
Project estimators,
Project planners,
Project managers,
Programme managers,
IT managers,
Risk managers,
Compliance managers,
Change managers,
Chief executive officers,
Chief marketing officers,
Chief operation officers,
Chief financial officers,
Finance managers,
Facilities’ managers,
Health & safety managers,
quality and reliability managers,
Production managers,
Accountants and auditors.
Course Outline:
Module 1: Project Decision Making in the Oil and Gas Industry
Day One: Concepts of Project Management
- Projects and Programmes
- Project Life Cycles and Stage Gates
Intricacies 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
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Day Two: 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 Organisation in a typical Oil & Gas project
- Project Manager–Unique Requirements
- Consider implications of unclear roles and responsibilities to project success
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Day Three: 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
Day Four: Identify Reasons for Project Failures and Successes
- Understand why some projects fail
- Gain an understanding of successful projects and analyse 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
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Day Five: Project Stakeholder Engagement
- Identify and plan to engage with the project’s key stakeholders
- Centralised 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
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Module 2: Delivering Successful Projects within the Oil & Gas Industry
Day Six: 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
- Utilise 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
- Utilise relevant techniques for project estimating
- Gantt Chart – developing the schedule baseline
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Day Seven: 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 (Crucial in Oil & Gas Projects)
- Familiarise 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 Prioritisation
- Planning and Scheduling Limited Resources
- Options for accelerating the schedule and how to deliver
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Day Eight: 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
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Day Nine: 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 utilising 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
- Recognise the costs of quality and non-quality in projects
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Day Ten: 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
- Lessons Learned
Method of Instruction:
 Online
Course Duration:
10 days
 Type of Certificate Issued:
On a successful completion of this training, participants will be issued
 Certificate in Petroleum Project Management
You can choose any of the three options below:
- Digital Certificate(Downloadable( PDF)
- Physical Certificate with security marking shipped to your location with a price
- Framed Certificate with security markings shipped to your location with a price.
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