• Class and Course

    Applied Project Management - Oil and Gas

    This intensive course will be about the application of Project Management techniques and knowledge for the effective estimating, planning, managing, and control of a project.  This course will extend to the identification, assessment, and control of qualitative risks in the project-based enterprise.  

    Uncertainty will be inherent in all projects and particularly in the aspects of technical, financial, schedule, legal, and quality (the latter includes safety, health, environment, and facility integrity) of performance.  In addition, this course will explore quantitative risk analysis using the basics of probability.  

    The course will be delivered in a workshop style using a combination of review lectures and case studies focused on supporting the development of estimates, plans, and risk analysis of the case study project.

    1. Overview of Project Management Concepts and Definitions

    2. Project Management principles and performance domains

    3. From strategy to project definition, planning and execution

    4. Project Lifecycle

    5. Value creation and delivery through projects

    6. The Business Case for project approval

    7. Financial appraisal review (NPV, IRR, PBP)

    a. A financial appraisal study case

    8. Scope management review

    9. Project Definition through a Project Canvas

    a. Definition of teams’ projects to work throughout the course 

    b. Project Definition exercise

    10. About the elements of the initial definition

    11. About the Project Team

    The learning objectives of day one will be for participants to understand the application of the Capital Value Process in relation to a case study, including the financial appraisal of selected options.  Then, the participants working in teams, will apply other elements of the project management process starting with the definition of the scope, using a project from their work environment, which will serve as a case study throughout the remainder of the course.

    1. Stakeholder Management

    a. Stakeholder matrix exercise

    2. Requirements gathering and definition

    3. WBS tools overview

    a. WBS exercise

    4. Roles and Responsibilities Matrix

    5. Estimating techniques review 

    6. Review network planning and scheduling

    a. Critical path exercise

    b. Schedule exercise

    7. Scheduling with Microsoft Project (demo)

    8. Advanced scheduling techniques

    9. Three Horizons scheduling model

    By the end of day two participants should be capable of decomposing the scope of the project using a WBS and applying network planning techniques to the case study project. This will involve manual methods but will also cover a demonstration on the use of Microsoft Project.                  

    1. Review resource management

    2. Review Resource leveling techniques

    a. Resource assignment exercise

    3. Budgeting and Cost Planning

    4. Cost Estimating Techniques

    5. Budgeting techniques

    a. Parametric estimating exercise

    6. Risk management process review

    7. Identifying risks

    8. Review qualitative risk analysis

    9. Review quantitative risk analysis

    10. Review decision tree analysis

    11. Contingency fund calculation

    12. Risk response planning

    a. Risk Register exercise

    13. Review risk monitoring

    14. Overview of @Risk™ for Project

    On day three participants will review cost estimating and budgeting techniques, having the opportunity to produce a Parametric Estimate of their projects. Additionally, the course will cover a thorough review of the risk management process including identification, qualitative and quantitative risk analysis, prioritization, risk response planning and risk monitoring and control, applying the whole qualitative cycle to the case study project.  Learning objectives will also include moving into the quantitative aspect of risk and using software to quantitatively assess the budget risks for the case study.

    1. Communication planning

    2. Quality planning

    3. Procurement planning

    4. Integrated Baseline review

    5. Project Execution

    a. Team interactions on project execution exercise

    6. Review of project monitoring and control process

    7. Main elements to monitor and control

    8. Scope monitor and control

    9. Schedule monitor and control

    10. Cash flow and cost control

    11. Earned Value Management

    a. Earned value management exercise

    12. Project reports and dashboards

    a. Project Dashboard exercise

    13. Other monitoring and controlling techniques

    14. Change control process

    15. Project Closing review

    The learning objectives of day four will include the understanding of key techniques for monitoring and controlling both the schedule and budget during the execution phase of the project, as well as understanding the need to effectively manage cash flow.

    1. Principles of project reviews

    2. Projects’ case study presentations

    By the end of day five participants should be able to effectively carry out a review of a project and then present the results of those reviews to senior management. 

    PMs new to the oil and gas industry, and oil and gas PMs who are looking to expand their PM knowledge and skills to apply them to more complex projects.

    • Project Life Cycle
    • Scope and Time Planning 
    • Budgeting and Risk Analysis
    • Project Monitoring and Control
    • Project Reviews

    Previous general project management experience

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