Project management plays a crucial role in the success of oil & gas industry, the complexity and scale of projects in the oil & gas industry present significant risks to project participants and stakeholders and delivering complex large scale projects on time, within budget and to high quality are core requirements for those operating in the industry.
Major projects too frequently suffer distress in the form of contract and project mismanagement, cost and time overruns, performance failings and ensuing disputes between project participants. With projects being under constant growing global scrutiny, the need for soundly structured and well managed projects is greater than ever.
This course focuses on the practical skills and methods needed to improve project and operating performance across the oil and gas industry. The skills taught are industry specific and can be widely applied at upstream, downstream and corporate levels. Integrating knowledge of projects and operations along oil and gas supply chains provides valuable management insight.
The difference between this course and most other project and operations management courses is that it is focused specifically on the oil and gas industry and provides a diverse, and interactive perspective.
This program covers key project management techniques in the oil and gas sector through a series of dynamic presentations, cutting edge videos, exciting group activities, and real-world applicable case studies. Delegates will learn about the practical skills required to manage projects successfully and at the same time gain insight into how such skills can be applied within the Oil and Gas Industry.
Upon completion of this training course you will recieve your assessment based certificate of completion which has been fully accredited by an official UK government recognized awarding body.
Who Should Attend This Program
This course is designed for a multi-disciplined audience from the project and operations sectors of the oil and gas industry, including both professional and support staff. The skills and industry insight provided are also of value to corporate staff involved in project management and planning.
Managers, supervisors and project team members involved in planning, implementing, supervising and directing projects. Upstream professionals, such as: engineers, geoscientists and planners. Downstream professionals, such as: facility engineers and plant operators. Corporate and asset managers involved in oil and gas asset management.
Topics That Will Be Covered
Project Management Overview
- Project Management Overview
- Characteristics of a Project and Understanding
- What is a Project
- Typical Reasons Why Oil and Gas Companies Need Project Management
- Project Life Cycles
- Key Knowledge Areas of project management
- Why projects fail
Project Scheduling and Project planning: an essential requirement
- Estimating under conditions of uncertainty
- Cost estimating and approval
- Developing Gantt charts and PERT Charts
- Scheduling and Planning (Work breakdown structures)
- Critical Path of project activities
- Project Scope Management
- Estimation techniques: Earned Value Analysis
Project budgeting and methods to evaluate cash flows
- Factors affecting discount rates
- Capital budgeting
- Weighted average cost of capital (WACC)
- Payback period
- Net present value (NPV)
- Internal rate of return (IRR)
Case Study: Syngenta
- Quantifying risks and opportunities
- Evaluating extreme risks and contingencies
- Strategies to reduce risk and enhance opportunities
- Decision tree analysis for evaluating risks
Case Study: BG Group
The Change Management in the Oil and Gas Sector
- Emotional Cycle of Change
- John Kotter’s 8 step process for leading change
- Project Scope: Change request
Case Study: Chevron
Stakeholder Analysis and Management
- Stakeholder Analysis: Importance vs. Influence
- Sorting the stakeholders
- The stakeholders engagement pyramid
Case Study: Kellogg’s
Project Performance and problem solving
- Project team organization, teamwork and motivation
- Group Activity: Johari Window Self- Awareness Activity
- Form, Storm, Norm, Perform, Adjourn
- Team Building
- Leadership styles, direction and management skills
- Group Activity: Emotional Intelligence
- Delegating and assigning responsibilities effectively – What really motivates us?
- Hershey-Blanchard Model of Situational Leadership
- Managing International Teams – Hofstede’s Dimensions of Cultural Awareness
Case Study: Management styles in the oil and gas industry from OPITO