Drilling Project and Risk Management

Drilling Project and Risk Management

• Overview of drilling project and risk management
• Cost vs Value
• Contract models
• Project planning and design

On the first day, while learning about drilling project and risk management concepts, participants will discover the difference between cost and value, as well as the different styles and uses of contract forms. The day will conclude with important aspects of project planning and design for the well planner.

Drilling Software and Programming

• Planning software
• Drilling programming and analysis
• Tendering and contracting strategy
• Project finance and administration      

The second day of this course will focus on drilling software and programming.  Participants will learn the use of planning software, the importance of drilling programming and analysis, as well as tendering and contracting strategy.  Project finance and administration and how it affects the value and cost of projects will also be discussed. 

Supply Chain Management and Reporting Systems

• Supply chain management
• Reporting systems
• Communications and knowledge management
• Project closeout

On the third day, participants will learn the function and importance of supply chain management and reporting systems.  Elements of and types of communications and knowledge management are discussed so that their importance in project management can be well appreciated. Finally the elements and purpose of project closeout will be covered.                

Management

• Management systems
• HSEQ management systems
• Introduction to risk management

The focus of day four will be management and concepts of risk.  Different styles and types of management systems, their functions and use will be covered this day. These management systems will include both the project, as well as important subsystems such as HSEQ. The concept of risk, how it is characterized and an introduction to how it is managed will finish the day.

Risk Management

• Risk management process
• Levels of risk management
• Operational risk assessments

The last day of this course will tie together the elements covered in this course so participants will better understand how to identify, quantify, and manage risk. This will include the administration, operational, and management aspects of risk.  Participants will be able to better understand how risk management is integrated into project management and apply this knowledge to their job.