An intensive professional development training course on
Project Management for the Oil and Gas Industry
Modules
This training course is split into two modules:
Module I - Project Decision Making in the Oil and Gas Industry
Module II - Delivering Successful Projects within the Oil & Gas Industry
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.
Why Choose Project Management for the Oil and Gas Industry Training Course?
The oil and gas industry operates in a highly intricate environment, facing distinct challenges at every phase of the project life cycle. This Project Management for the Oil and Gas Industry training course provides participants with the advanced skills needed to navigate these challenges, ensuring effective project selection, planning, execution, and completion. Whether overseeing, managing, or leading teams, this course offers practical tools and proven strategies tailored to the industry's specific demands.
Participants will explore industry-specific best practices, from Front End Engineering Design (FEED) to project delivery, through real-world examples and interactive learning. This all-encompassing course is designed to cultivate strategic thinking, improve decision-making, and optimize resource and cost management, ultimately ensuring project success in dynamic conditions.
This Training Course Will Highlight:
- The importance of Front End Design & Survey in an oil and gas context.
- Establishing essential requirements to secure project approval.
- Evaluating strategic fit and exploring viable options for project delivery.
- Integrating and delivering projects successfully within complex environments.
- Leading and managing high-performing project teams effectively.
The Structure
This comprehensive course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses.
Module 1 - Project Decision Making in the Oil and Gas Industry
Module 2 - Delivering Successful Projects within the Oil and Gas Industry
What are the Goals?
By the end of this training course, participants will be able to:
- Engage stakeholders and managing communication needs specific to oil and gas projects.
- Maintain consistent performance and delivery control across project phases.
- Accurately estimate and allocate costs and resources for optimal project execution.
- Manage adverse circumstances by compressing or accelerating schedules as needed.
- Develop comprehensive project close-out plans aligned with success criteria.
Who is this Training Course for?
This training course is ideal for professionals tasked with managing or supporting projects in the industry. It is particularly beneficial for:
- Project Management Professionals seeking advanced skills in industry-specific applications.
- Commercial Management Professionals involved in decision-making and strategy.
- Contracts Management Professionals managing project delivery contracts.
- Financial Management Professionals responsible for budget allocation and cost control.
- Business services professionals responsible for planning, scheduling, and cost control.
How will this Training Course be Presented?
This training course employs proven adult learning methodologies to ensure participants gain a thorough understanding of the material. Learning methods include:
- Interactive Presentations: Covering organizational decision-making and strategic considerations.
- Best Practices: Introduction of industry-standard project management tools and processes.
- Team Exercises: Practical teamwork on case studies to apply learned concepts.
- Critical Analysis: Discussions and evaluations of real-world projects to build analytical skills.
Participants will advance from foundational knowledge to more advanced tools and concepts, enabling them to manage complex projects confidently and efficiently. This course bridges the gap between theory and practice, equipping delegates with actionable skills to excel in their roles.
The Course Content
Module 1: Project Decision Making in the Oil and Gas Industry
- 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 & Drilling
- 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 Leadership Skills
- 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
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- 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
- 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
- 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
Module 2: Delivering Successful Projects within the Oil & Gas Industry
- 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
- 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
Project Estimating
- Utilise relevant techniques for project estimating
- Understand the associated activities – their relationships and personnel required
Project Schedule Planning
- Utilise relevant techniques for project scheduling
- Develop a network diagram
- Gantt Chart – developing the schedule baseline
- Developing the precedence Network Diagram with Total and Free Float calculations
- Develop a Gantt Chart –the schedule baseline
Developing Project Budget & Schedule Control
- 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
- 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
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 – 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
- 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
- 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
- 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 & closure
- Lessons Learned
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the course
Do you want to learn more about this course?
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