Project Management
for 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

• 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