Petroknowledge

An Intensive 2 - Week Training Course

Project Management
for the Oil and Gas Industry

Understanding the Key Requirements
to Deliver Projects Successfully

Print this Course

Code Date Venue Fee($)
PM101 13 - 24 Jul 2020 New York - USA 13,900
PM101 02 - 13 Nov 2020 London - UK 11,900

*All fees are exclusive of VAT


Why Choose this Training Course?

Working within the Oil & Gas industry provides a complex project environment that throws up its own particular project management challenges.  This detailed and integrated training course will assist anyone 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 – and follows one current offshore project example from the cradle to the grave.

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.

This PetroKnowledge course focuses on industry best practice Project Management examples merged into practical instruction.  Digging deep into tried and tested processes and tools, in order to best support the likelihood of future projects achieving their desired results and benefits delivered by the project.

This 10-day course has been designed as a roadmap to ensure that the reasoning behind project selection is understood.  When we combine that with the development of skills in detailed planning, organising and execution delivery, and closing out the project successfully, we really are looking to progress our project management career with confidence.

Key areas covered include:

This training course will highlight:

The Structure

This comprehensive training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses.

Module 1 - Developing Project Strategy in the Oil & Gas Industry

Module 2 - Delivering Successful Projects within the Oil and Gas Industry


Training Objectives

What are the Goals?

This training intends to guide successful project selection and delivery.

Criteria to be observed in generating the objectives:

  • Identify with and manage stakeholders and communication needs in the Oil & Gas industry
  • Maintain continuous project performance and delivery control
  • Accurately estimate and allocate project costs and resources
  • Compress or accelerate the schedule when required by adverse circumstances
  • Develop a project close-out plan in line with expected success criteria

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

Target Audience

Who is this Training Course for?

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:

  • 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.

Training Methods

How will this Training Course be Presented?

Participants to this training course will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training 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 PetroKnowledge course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.

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.

Daily Agenda

Module I - Developing Project Strategy in the Oil & Gas Industry

Day One: 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

Day Two: 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

Day Three: 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

Day Four: 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

Day Five: 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

Module II - Delivering Successful Projects within the Oil and Gas Industry

Day Six: Preparing for Project Delivery

  • 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

Day Seven: 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

Day Eight: 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

Day Nine: 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

Day Ten: 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

Accreditation

PMI Registered Education Provider

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

Related Courses

Reference

Project Management Institute, A Guide to the Project Management Body of Knowledge (PMBOK® Guide), Fifth Edition, Project Management Institute, Inc. 2013


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Home » Courses » Project Management » Project Management for the Oil and Gas Industry
PetroKnowledge Training


Project Management
for the Oil and Gas Industry

Understanding the Key Requirements
to Deliver Projects Successfully


Code Date Venue Fees
PM101 13 - 24 Jul 2020 New York - USA $13,900
PM101 02 - 13 Nov 2020 London - UK $11,900



Why Choose this Training Course?

Working within the Oil & Gas industry provides a complex project environment that throws up its own particular project management challenges.  This detailed and integrated training course will assist anyone 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 – and follows one current offshore project example from the cradle to the grave.

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.

This PetroKnowledge course focuses on industry best practice Project Management examples merged into practical instruction.  Digging deep into tried and tested processes and tools, in order to best support the likelihood of future projects achieving their desired results and benefits delivered by the project.

This 10-day course has been designed as a roadmap to ensure that the reasoning behind project selection is understood.  When we combine that with the development of skills in detailed planning, organising and execution delivery, and closing out the project successfully, we really are looking to progress our project management career with confidence.

Key areas covered include:

This training course will highlight:

The Structure

This comprehensive training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses.

Module 1 - Developing Project Strategy in the Oil & Gas Industry

Module 2 - Delivering Successful Projects within the Oil and Gas Industry


Training Objectives

What are the Goals?

This training intends to guide successful project selection and delivery.

Criteria to be observed in generating the objectives:

By the end of this training course, participants will learn to:

Target Audience

Who is this Training Course for?

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:

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

Training Methods

How will this Training Course be Presented?

Participants to this training course will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training 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 PetroKnowledge course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.

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.

Daily Agenda

Module I - Developing Project Strategy in the Oil & Gas Industry

Day One: Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry

Day Two: Project Context for Oil & Gas Projects

Day Three: Project Financial Modelling and Project Leadership Skills

Day Four: Identify Reasons for Project Failures & Prepare for Successful Delivery and Integration

Day Five: Development Project Stakeholder Relationships & Project Communication

Module II - Delivering Successful Projects within the Oil and Gas Industry

Day Six: Preparing for Project Delivery

Day Seven: Project Planning - Schedule, Cost & Resources

Day Eight: Manage Risks & Resources

Day Nine: Managing Project Changes while Maintaining Quality

Day Ten: Staying Focused, Delivering and Closing your Project

Accreditation

PMI Registered Education Provider

The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI®) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on our Project Management oriented training courses, to help them achieve or maintain PMI® professional credentials.

The PMI® Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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© 2020. Material published by Petroknowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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