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

Anyone working within the Oil & Gas industry knows that it is a complex project environment that throws up its own particular challenges. This detailed and integrated course will assist anyone in the industry to make better decisions on projects, whether they are responsible for project selection, management, or leading aspects of projects through any point of the project life cycle.

This interactive course provides participants with the advanced skills required to execute business strategies effectively, from decision-making models for commercial departments, through to FEED and into planning and delivery. Using industry best practice examples merged into practical instruction, with tried and tested processes and tools, this 10-day course is designed as a roadmap to provide the skills for planning, organising, execution and closing out of a project.

This 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

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

Objectives

This course 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

At the end of this course, you 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 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. 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. The course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.

The 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.

Who Should Attend?

This course is suitable to a wide range of professionals but will greatly benefit:

  • Project Management Professionals
  • Commercial Management Professionals
  • Contracts Management Professionals
  • Financial Management Professionals
  • All other business services professionals who have the responsibility for planning, decision-making 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 - Project Decision Making in the Oil and Gas Industry

DAY 1

Concepts of Project Management

  • 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
  • Exploration Drilling

DAY 2

Project Context in the Oil & Gas Industry

  • 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 Execution techniques
  • Delegating as the Project closes

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
  • Understand the Project Organisation in a typical Oil & Gas project
  • Project Manager–Unique Requirements
  • Consider implications of unclear roles and responsibilities to project success

DAY 3

Project Financing and Financial Modelling for Oil & Gas Projects

  • Project finance: Limited and non-recourse project finance
  • Structuring project finance deals
  • Project finance estimation: a dynamic process
  • 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 for project finance

DAY 4

Identify Reasons for Project Failures and Successes

  • 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 and reviews
  • Project management issues and their resolution

DAY 5

Project Stakeholder Engagement

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

DAY 6

Stakeholder Management

  • 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

  • Be clear about 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
  • Learn about the differing levels of accuracy for estimating methods

Project Schedule Planning

  • Utilise relevant techniques for project estimating
  • Gantt Chart – developing the schedule baseline

DAY 7

Project Planning: Critical Path and Network Scheduling

  • Developing the precedence Network Diagram
  • Carry out Total and Free Float calculations
  • Develop a Gantt Chart –the schedule baseline

Developing Project Budget & Schedule Control

  • Project management inputs to cost budgeting
  • 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

DAY 8

Project Risk and Contingency Analysis

  • Risk Management Process & Model
  • Identifying Potential Risk Events typical in an Oil & Gas project
  • Understand qualitative and quantitative analysis techniques
  • Evaluate Expected Monetary Value
  • 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 – ensuring it’s still on track
  • Earned Value Management (EVM) - Translating Earned Value Information to reporting
  • Managing Variable Conditions - managing the tensions
  • Learn about the critical chain and its growing popularity in the Oil & Gas industry

DAY 9

Managing Project Change

  • 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
  • Understanding legal requirements around delivery in the Oil & Gas Industry
  • 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
  • Recognise the costs of quality and non-quality in projects

DAY 10

Project Operational Considerations

  • 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
  • Project closure
  • Lessons Learned

Reference

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

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

Anyone working within the Oil & Gas industry knows that it is a complex project environment that throws up its own particular challenges. This detailed and integrated course will assist anyone in the industry to make better decisions on projects, whether they are responsible for project selection, management, or leading aspects of projects through any point of the project life cycle.

This interactive course provides participants with the advanced skills required to execute business strategies effectively, from decision-making models for commercial departments, through to FEED and into planning and delivery. Using industry best practice examples merged into practical instruction, with tried and tested processes and tools, this 10-day course is designed as a roadmap to provide the skills for planning, organising, execution and closing out of a project.

This 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

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

Objectives

This course 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

At the end of this course, you 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 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. 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. The course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.

The 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.

Who Should Attend?

This course is suitable to a wide range of professionals but will greatly benefit:

  • Project Management Professionals
  • Commercial Management Professionals
  • Contracts Management Professionals
  • Financial Management Professionals
  • All other business services professionals who have the responsibility for planning, decision-making 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 - Project Decision Making in the Oil and Gas Industry

DAY 1

Concepts of Project Management

  • 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
  • Exploration Drilling

DAY 2

Project Context in the Oil & Gas Industry

  • 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 Execution techniques
  • Delegating as the Project closes

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
  • Understand the Project Organisation in a typical Oil & Gas project
  • Project Manager–Unique Requirements
  • Consider implications of unclear roles and responsibilities to project success

DAY 3

Project Financing and Financial Modelling for Oil & Gas Projects

  • Project finance: Limited and non-recourse project finance
  • Structuring project finance deals
  • Project finance estimation: a dynamic process
  • 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 for project finance

DAY 4

Identify Reasons for Project Failures and Successes

  • 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 and reviews
  • Project management issues and their resolution

DAY 5

Project Stakeholder Engagement

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

DAY 6

Stakeholder Management

  • 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

  • Be clear about 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
  • Learn about the differing levels of accuracy for estimating methods

Project Schedule Planning

  • Utilise relevant techniques for project estimating
  • Gantt Chart – developing the schedule baseline

DAY 7

Project Planning: Critical Path and Network Scheduling

  • Developing the precedence Network Diagram
  • Carry out Total and Free Float calculations
  • Develop a Gantt Chart –the schedule baseline

Developing Project Budget & Schedule Control

  • Project management inputs to cost budgeting
  • 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

DAY 8

Project Risk and Contingency Analysis

  • Risk Management Process & Model
  • Identifying Potential Risk Events typical in an Oil & Gas project
  • Understand qualitative and quantitative analysis techniques
  • Evaluate Expected Monetary Value
  • 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 – ensuring it’s still on track
  • Earned Value Management (EVM) - Translating Earned Value Information to reporting
  • Managing Variable Conditions - managing the tensions
  • Learn about the critical chain and its growing popularity in the Oil & Gas industry

DAY 9

Managing Project Change

  • 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
  • Understanding legal requirements around delivery in the Oil & Gas Industry
  • 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
  • Recognise the costs of quality and non-quality in projects

DAY 10

Project Operational Considerations

  • 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
  • Project closure
  • Lessons Learned

Reference

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


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.)

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.



© 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