Share This
Home » Seminars » Project Management » Project Management for the Oil and Gas Industry

Project Management
for the Oil and Gas Industry

Project Management for the Oil and Gas Industry

Code Date Venue Fees
PM059 17 - 28 Jul 2017 Vienna - Austria $11,000 Register
PM059 06 - 17 Nov 2017 London - United Kingdom $11,000 Register

Project Management Institute (PMI)® has reviewed and approved GLOMACS as a Global Provider of project management training. This is a PMI Approved/Registered seminar and hence attendance to this seminar will enable those credentialed with PMI to receive applicable PDUs upon updating their status with PMI.

Introduction

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 seminar 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 seminar 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 seminar 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 seminar 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 seminar 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:

  • Understand the contextual considerations for project delivery within the Oil & Gas industry
  • Learn about the Project Sanctioning and approval Process (PSAP)
  • 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 seminar 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

The seminar is split into two modules:

MODULE I - Developing Project Strategy
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 course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week seminar.

Objectives

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 seminar, 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

Training Methodology

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

The training seminar assumes prior knowledge of the fundamentals of the topics covered in the seminar, 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

In the current challenging economic climate for the Oil and Gas Industry, the need to select appropriately and deliver projects successfully is immense and the ability to make correct decisions is a key skill to allow us to deliver within the given constraints, thus delivering profitable results to our organisation.

Personal Impact

The ability to deliver successful projects in such a complex environment is a core skill for project managers and all involved in delivering or leading packages of work. When carried out properly projects are more predictable, value delivery is enhanced and client satisfaction is increased.  Understanding how and when key decisions can be made or particular activities support delivery is immense for anyone working in Oil & Gas projects.

Who Should Attend?

This training seminar 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.


SEMINAR OUTLINE

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

DAY 1

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 2

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 3

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 4

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 5

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 6

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 7

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 8

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 9

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 10

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

  • Quality Logo
  • Quality Logo

(The PMI Registered Education Provider logo and PMI are registered marks of the Project Management Institute, Inc.)



Project Management
for the Oil and Gas Industry


Upcoming Dates

Code Date Venue Fees
PM059 17 - 28 Jul 2017 Vienna - Austria $11,000
PM059 06 - 17 Nov 2017 London - United Kingdom $11,000

Project Management Institute (PMI)® has reviewed and approved GLOMACS as a Global Provider of project management training. This is a PMI Approved/Registered seminar and hence attendance to this seminar will enable those credentialed with PMI to receive applicable PDUs upon updating their status with PMI.

Introduction

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 seminar 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 seminar 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 seminar 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 seminar 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 seminar 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:

  • Understand the contextual considerations for project delivery within the Oil & Gas industry
  • Learn about the Project Sanctioning and approval Process (PSAP)
  • 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 seminar 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

The seminar is split into two modules:

MODULE I - Developing Project Strategy
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 course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week seminar.

Objectives

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 seminar, 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

Training Methodology

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

The training seminar assumes prior knowledge of the fundamentals of the topics covered in the seminar, 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

In the current challenging economic climate for the Oil and Gas Industry, the need to select appropriately and deliver projects successfully is immense and the ability to make correct decisions is a key skill to allow us to deliver within the given constraints, thus delivering profitable results to our organisation.

Personal Impact

The ability to deliver successful projects in such a complex environment is a core skill for project managers and all involved in delivering or leading packages of work. When carried out properly projects are more predictable, value delivery is enhanced and client satisfaction is increased.  Understanding how and when key decisions can be made or particular activities support delivery is immense for anyone working in Oil & Gas projects.

Who Should Attend?

This training seminar 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.

SEMINAR OUTLINE

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

DAY 1

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 2

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 3

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 4

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 5

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 6

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 7

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 8

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 9

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 10

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

Quality Logo

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA 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.learningmarket.org.

 

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

Quality Logo

GLOMACS is proud to be an approved Registered Education Provider (R.E.P.) with PMI. As an R.E.P. GLOMACS is qualified to issue applicable Professional Development Units (PDUs) to participants of any of its PMI registered/approved seminars where one (1) PDU is equivalent to one (1) contact hour of training.

(The PMI Registered Education Provider logo and PMI are registered marks of the Project Management Institute, Inc.)



© 2017. Material published by GLOMACS 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.

Print Logo
P.O. Box 74653, Dubai, United Arab Emirates
Tel : +971 - 04 - 425 0700, Fax : +971 (04) 425 0701, Email : info@glomacs.ae


© 2017. Material published by GLOMACS 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.

DMCA.com Protection Status

Send to Colleague

© 2017. Material published by GLOMACS 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.





Sending your message. Please wait...

Send Successfully

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Print Page

© 2017. Material published by GLOMACS 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.






Sending your message. Please wait...

Close

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download PDF

© 2017. Material published by GLOMACS 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.






Sending your message. Please wait...

There was a problem sending your message. Please try again.

Please complete all the fields in the form before sending.

Download Training Calendar


Trusted by

ABDUL LATIF
ADCO
ADDAX
ADDC
ADIA
ADMA
AL KHAFJI
CHEVRON
CMA
LLOYD REGISTER
MARIF
MOBILY
OMIFCO
PDO
PETRO RABIGH
Qatar Foundation
qatargas
RasGas
Riyad Bank
SAUDI FOOD & DRUG
SHELL
STC
TADAWUL
TOTAL
TRANSCO
BAPCO
Qatar Petroleum

View all Clients

Want to stay in touch with what's happening in Glomacs?
Join the conversation on our social media channels:

Facebook Twitter LinkedinYouTube