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INTRODUCTION
This Project Management for the Oil and Gas Industry training course provides participants the advanced skills required to execute business strategies effectively. We will commence with the Project Sanctioning and Approval Process (PSAP), the process which allows the viability of a project to be measured with emphasis to time, cost benefit and value addition.
Through the use of industry best practice Project Management examples and practical instruction on the processes, organisational structures, and tools used, the course will be delivered in an effort to support best decision making and delivery of future projects yielding those desired results via a comprehensive introduction to project sanctioning, detailed planning, organising and execution leading to monitoring and control activities and finally closing out and measuring the benefits delivered.
This GLOMACS 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
Objectives
At the end of this training course, attendees will learn to:
- Learn 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
- Understand how to develop a project recovery plan for budget and schedule overruns
- Learn techniques for producing clear and concise project progress reports
- Measure, forecast and control project performance by employing earned value techniques
Training Methodology
Participants to this Project Management for the Oil and Gas Industry training course will receive a thorough training on the subjects covered by the training course outline with the instructor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology includes an insight into organisational decision methods and short and long-term strategy considerations. In addition, industry best practice project management performance and delivery tools and processes will be introduced and used as practice examples. This training course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.
This training course assumes prior knowledge of the fundamentals of the topics covered in this 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.
Organisational Impact
The opportunity for project or senior management to work and learn together helps ensure the organisation make better decisions for the future. To the organisation it means:
- Projects are clearly understood at all levels, allowing them to stay:
- In budget
- On time
- On spec
- Organisations can remain competitive and manage change in a multi-dimensional environment
- Have the ability to improve productivity and profitability
- Resulting in:
- More project success = profitability for the organisation
Personal Impact
Your staff will gain:
- Enhanced leadership skills
- An understanding of the critical relationship between strategy and execution
- Empowerment to put into practice what they have learnt
- Lead cross-functional teams in a global context
- The ability to make good decisions
- An awareness of their own responsibilities
- A drive to succeed
WHO SHOULD ATTEND?
The audience should be positioned to pursue and maintain competitive operational and business efficiency, revenue maximisation and profitability for the organisation.
This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:
- Programme and Project Managers
- Financial Management
- Project Support Managers
- Project Management Professionals
- Project Control and Business Services Professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies
DAY 1
Concepts of Project Management
- Project–Definitions, Attributes
- Project Life Cycle and Stage Gates
- Project Identification–Awareness of accountability of Project Ideas
- Appreciation of macro-environment in relation to project choice
- Identify who stakeholders are and how they may impact upon the project
- Project Sanctioning and approval Process. (PSAP) for the Oil & Gas Industry
- Development of the Strategic Project Business Case
DAY 2
Strategic Decision Making through the Project Life Cycle
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
- Project Execution techniques required for managing project changes and delivery
DAY 3
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
DAY 4
Starting with the End in Mind
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
DAY 5
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
DAY 6
Project Stakeholder Engagement
- Understand the context of an Oil & Gas project and measurement models
- Identify and plan to engage with the project’s key stakeholders
- Centralised vs. Participatory Monitoring
- Optimal Project Review Intervals
- Control Decisions based on monitoring inputs
- Project Evaluation
DAY 7
Project Financing and Financial Modelling for Oil & Gas Projects
- Project finance: definition
- Limited and non-recourse project finance
- The role of the feasibility study
- Financing structures
- Project finance estimation: a dynamic process
DAY 8
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 9
Financing/Credit Considerations for the Oil & Gas Project
- Implementation risk
- Supply/Resources
- Technological risk
- Sale/Off take risk
- Operating company risk
- Project vs. promoter risk
- Cross defaults
- Currency risk
- Completion risk
- Market risk
DAY 10
Project Schedule Planning
- Understanding project requirements
- Development of the work breakdown structures (WBS)
- Understanding relevant techniques for project estimating
DAY 11
Critical Path and Network Scheduling
- Developing the precedence Network Diagram
- Building schedule logic
- Activity development
- Network calculations
- Lead and Lag Scheduling
- Program Evaluation and Review Technique (PERT)
- Time-Cost-Scope Trade-off
DAY 12
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
- Crashing the Schedule - How?
DAY 13
Developing Project Budget & Schedule Control
- Cost & Schedule Estimation, cost Budgeting & Control
- Contract types according to risk distribution in the Oil & Gas industry
- Fixed Price Contracts, Cost-Plus Contracts
- Project cost management, Cost Control
DAY 14
Project Monitoring & Controlling
- Tracking the project – ensuring it’s still on track
- Critical Chain and its use in the Oil & Gas industry
- Measuring Planned Progress versus Schedule
- Earned Value Management (EVM)
- Project Reviews
DAY 15
Managing Project Change
- Managing change in projects
- Understanding the best-practice change processes used in projects
DAY 16
Project Risk and Contingency Analysis
- Risk Management Process & Model
- Identifying Potential Risk Events typical in an Oil & Gas project
- Qualitative and Semi-Quantitative Risk Analysis Techniques
- Risk Matrices and Risk Ranking
- Progressive Risk Management Plan Development
- Detailed Risk Quantification and Prioritisation
- Use of the project risk register
- Risk response planning strategies
- Containment v Contingent Strategies
DAY 17
Project Quality Management
- What is Project Quality Management
- Quality Planning
- Perform Quality Assurance
- Perform Quality Control
- Quality Tools
- The Cost of Quality
DAY 18
Project Cost and Schedule Recovery
- Project Cost and Schedule Recovery Techniques relevant to the Oil & Gas industry
DAY 19
Staying Focused, Delivering and Closing Your Project
- Project Management Reporting
- Project Reviews
- Project Handover
- Project Closure
- Lessons Learned
- On successful completion of this training course, GLOMACS Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor and Professional Development Units (PDUs) / Contact Hours from Project Management Institute (PMI®), will be awarded to the delegates
Endorsed Education Provider
A PMI registered mark
GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
In Association With
Oxford Management Centre
A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.
GLOMACS Training & Consultancy
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