Designed and built with care, filled with creative elements

Oil & Gas Project Management
Week 1
Design Research
4 videos, 1 reading
Video: The Interaction Design Specialization
20 m
Video: Introducing Elizabeth Gerber
40 m
Video: Who, What, Where, When and How People Work
35 m
Video: Michael Chapman of IDEO on Interviewing
20 m
Reading: Slides
30 m
Graded: Final Quiz: Design Research
5 Questions
Week 2
Ideation
2 videos
Video: The Interaction Design Specialization
20 m
Video: Introducing Elizabeth Gerber
40 m
Graded: Cumulative Quiz
4 Questions
Top
Image Alt

Oil & Gas Project Management

  /  Project Management  /  Oil & Gas Project Management

Oil & Gas Project Management

About this course

Introduction

In today’s Oil & Gas industry, essential skills are required to survive the challenges the industry  provides given the complex project environment that throws up its own particular project management challenges.  Our detailed and integrated training course will assist players in the industry to make better decisions on projects, whether they are involved in project selection, management, or leading aspects of projects.   The Project Management for the Oil & Gas Industry course provides the opportunity for hands-on experience using industry project case studies.

This interactive training course 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.

Our methodology for the course has been structured in line with the current project management guidelines, (PMbok) issued by the Project Management Institute.

Who will benefit from this course?

The training course assumes prior knowledge of the fundamentals of the topics covered in the course, but they will be covered briefly to ascertain general understanding. New concepts and tools are introduced throughout the course to enable delegates to progress from the fundamental to the more advanced concepts and tools used within project management.

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

  • Business development managers
  • Programme and Project Managers
  • Senior related Project Support Managers
  • 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

The audience should be positioned to pursue and maintain competitive operational and business efficiency, revenue maximisation and profitability for the organisation.

Key areas covered include:

  • Understand the contextual considerations for project delivery within the Oil & Gas industry
  • Learn about the Project Approval Process (PAP)
  • Understand structural and systematic aspects of project planning and execution that can be used
  • Identify with and understand reasons for project failures and successes
  • Relate to best practice project management philosophies and how they support project delivery
  • Comprehend how project success is measured with emphasis on: time, cost , benefit, value addition
  • Gain familiarisation with project financing methods & Financial modelling
  • Perform analytical techniques of project management using best-practice techniques
  • Understand the need for the project manager to be leading and managing project teams

This training course will highlight:

  • 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
  • How Oil & Gas organisations ascertain the strategic fit and relevant options for project delivery
  • The route to successful project integration and delivery
  • The importance of leading and managing a successful project team

By the end of this training course, participants will learn 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
  • 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

Course outlines

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
  • 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
Reference

Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Sixth Edition, Project Management Institute, Inc. 2017