Best Practices for Project Management in Oil and Gas

Equip yourself with the fundamentals of good practice of designing, planning and delivering successful projects in the high risk sector

This highly practical and interactive three-day course will help you to:

  • Gain understanding of the main principles of project management
  • Examine the life cycle and structure of projects
  • Understand the importance of setting any project into the context of the organisation and aligning the project’s strategy with the strategic objectives of the company
  • Evaluate the work breakdown structure and prepare network diagrams of projects and determine the critical path activities
  • Understand the critical importance of stakeholder management to successful project management
  • Analyse and prioritise risks facing all project managers and capture opportunities that arise in projects
  • Apply methods and tools to improve project planning and delivery
  • Evaluate the most appropriate organisational structure for projects

What is the programme about?

Project management is the process of managing, allocating and scheduling of constrained resources to achieve a specific goal or objective in the most efficient methodology.  Projects in the oil industry are becoming increasingly complex, and can add significant value when correctly applied in technological and engineering disciplines within the oil sector.  Every organisation seeks to gain competitive advantage – good project management has become increasingly relevant to deliver that advantage.

Although a relatively new management discipline, formerly the sole province of the construction industry, many senior and middle managers in the oil industry will be placed in charge of projects and expected to deliver good project management performance without any degree of formal training in this management discipline.This course will deliver an intense introduction to the various aspects of project management, illustrated with practical examples and interpretation.

  • Oil industry executives without any formal training or experience in project management
  • Those looking to specialise in projects and project management
  • Existing project managers, sponsors and project team members who wish to understand a more rounded view of project management in the oil industry
  • Those who intend to pursue a career in oil industry projects
  • Consultants and advisors to suppliers to the oil industry

DAY 1

The Project And Its Content 

Introduction

  • Definitions of a project

  • Key terms

  • Differences with operational management


Structures and Frameworks

  • High-level frameworks

  • Activity models

  • Measures of project complexity


Renewables/Alternative Fuels

  • Aligning project strategy with organisational strategy

  • Portfolios and programmes

  • The role of the Project Management Office


Defining the Project 

Stakeholders, strategy and success

  • Stakeholder identification and management

  • Strategic choices – time, cost and quality

  • Business Case support for projects


Initial Planning

  • Scope definition and management
  • Planning processes
  • The ICOM model
  • Project Initiation Document
  • Stage-gate models, activities and phases

Practical Workshop: Managing Stakeholders
Participants will work in groups to review the identified groups of stakeholders plotted on a stakeholder map. Groups will then make recommendations to change certain stakeholders mapping position and formulate a strategy for doing so.


DAY 2

Designing the Project

Planning the tasks

  • Work Breakdown Structure
  • Time plans
  • Network Diagrams, precedence and dependence
  • Critical Path Activities – definition and identification
  • Gantt charts

Practical Exercise: Network Planning
Participants will complete individually the construction of a network diagram from a given list of activities, precedents and dependencies.Calculations of earliest and latest start time, total float per activity will lead to the identification of the critical path activities.


Cost and benefit planning

  • Costing approaches – “top-down” and “bottom-up”

  • Elements of costing

  • Financial appraisal methods – Payback, DCF, Net Present Value, Internal Rate of Return


Quality

  • Stakeholder satisfaction

  • Performance vs. Conformance


Risk Management

  • Risk and uncertainty
  • Frameworks for risk management
  • Qualitative risk assessments 

Practical Exercise: Financial Appraisal Methods
Participants will complete individually class exercises which reinforce the taught theory of methodology on Payback Period calculations, evaluating the relevant cash flows of a business case and calculating present values of those cash flows to arrive at a Net Present Value.Competing projects will be ranked on the basis of Payback and NPV to provide the optimal choice.
 

Day 3

Delivering the Project

  • Control
  • Project organisation and structure
  • Defining control systems
  • Corrective action
  • Techniques of control


Problem-solving and decision-making

  • Structuring problems
  • Problem analysis
  • Pareto analysis
  • Fishbone diagrams
  • Decision trees


Developing the project

Project completion and review

  • Completion and handover
  • Reviews and learning from projects


Improving project performance

  • Benchmarking
  • Lean and agile systems
  • Securing improvements for future projects

Practical Workshop: Class Discussion on Haradh Gas Project
The trainer will lead a discussion seminar after participants have studied a paper on this very successful, but complex project.  The objective will be for participants to “learn before doing” from the successes of this project, in terms of initial planning and control during the delivery phases.
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Course Testimonials

“The practical experience and stories shared by the facilitator were highly insightful.”


 

Carsten Pielke, Head of Project Management Office RWE Dea AG

Delivered by

James has spent the last 35 years in the downstream sector of the oil industry.  Experience was g

Dates & Locations



This course is only available as a custom course tailored for your business, contact us to discuss your requirements.