Project Management Skills for Oil and Gas Professionals

The Oil & Gas industry provides a complex project environment that throws up its own particular project management challenges. This detailed and integrated DMA’S Project Management for the Oil and Gas Industry training course will assist anyone in the industry to make better decisions on projects, whether they are involved in project selection, management, or leading aspects of projects. This DMA’S training course provides the opportunity for hands-on experience using industry project case studies – and follows one current offshore project example from the cradle to the grave.

This DMA’S training course focuses on industry best practice Project Management examples merged into practical instruction. Digging deep into tried and tested processes and tools, in order to best support the likelihood of future projects achieving their desired results and benefits delivered by the project.

This 10-day DMA’S Project Management for the Oil & Gas Industry training course has been designed as a roadmap to ensure that the reasoning behind project selection is understood. When we combine that with the development of skills in detailed planning, organizing and execution delivery, and closing out the project successfully.

This DMA’S Project Management for the Oil & Gas Industry training 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

By the end of this DMA’S training course, participants 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

Module I: Developing Project Strategy in the Oil & Gas Industry

DAY 1: Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry

  • Projects and Programmes
  • Project Life Cycles and Stage Gates
  • 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
  • Exploratory Decision-analysis

DAY 2: Project Context for Oil & Gas Projects

  • 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
  • Project Feasibility Decision Makers
  • Project Preparation & Planning Responsibilities

DAY 3: Project Financial Modelling and Project Leadership Skills

  • Structuring Project Finance Deals
  • Financing / Credit Risk Considerations for the Oil & Gas Project
  • The Time Value of Money – How it applies to project finance?
  • Yields and Rate of Return – Discounted Cash Flow (DCF) Analysis
  • Build an Executive Leadership Style that guides the project toward greater performance and profit
  • Understand the Project Organization in a typical Oil & Gas project
  • Project Manager – Unique Requirements

DAY 4: Identify Reasons for Project Failures & Prepare for Successful Delivery and Integration

  • Understand Why some projects fail
  • Gain an Understanding of Successful Projects and Analyze Reasons for Success
  • Development of the Project Charter
  • Define Success Criteria and KPI’s of an example Oil & Gas Project
  • Capture Project Requirements
  • Understand the Need for a Project Team Approach
  • Importance of Communication in an Oil & Gas project
  • Working Collaboratively

DAY 5: Development Project Stakeholder Relationships & Project Communication

  • Identify and Plan to engage with the Project’s Key Stakeholders
  • Creating Project Dashboards
  • Presenting Decisions to the Project Board
  • Recognizing the need for Project Recovery
  • Control Decision-making

Module II: Delivering Successful Projects within the Oil and Gas Industry

DAY 6: Preparing for Project Delivery

  • Understand who the key stakeholders are and how they may impact upon the project
  • Consider implications of unclear needs and expectations
  • Understand 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
  • Utilize Relevant Techniques for Project Estimating

DAY 7: Project Planning – Schedule, Cost & Resources

  • Develop a Network Diagram
  • Developing the Precedence Network Diagram with Total and Free Float Calculations
  • Develop a Gantt Chart –The Schedule Baseline
  • Understand How to Estimate Project Cost Baseline
  • Familiarize Yourself with Different Contract Types according to Risk Distribution
  • Learn the Difference between Fixed Price & Cost-Plus Contracts
  • Resource Allocation Algorithms for Resource Prioritization
  • Planning and Scheduling Limited Resources
  • Options for Accelerating the Schedule and How to Deliver

DAY 8: Manage Risks & Resources

  • Risk Management Process & Model
  • Identifying Potential Risk Events Typical in an Oil & Gas project
  • Understand Qualitative and Quantitative Analysis Techniques
  • Design Appropriate Risk Response Planning Strategies
  • Challenges of an Oil & Gas Project Team
  • Learn about Different Leadership Models
  • Dynamics of Team Development & Motivation

DAY 9: Managing Project Changes while Maintaining Quality

  • Managing Change in Projects
  • Understanding the Best Practice Change Processes used in Projects
  • Tracking the Project – Using Earned Value Management (EVM)
  • Managing Variable Conditions – managing the tensions
  • Learn about the Critical Chain and its Growing Popularity in the Oil & Gas Industry
  • The Benefits of Utilising a Project Support Office
  • Project Reviews
  • Learn about Project Quality Management
  • Differentiate between Quality Planning, Assurance & Control
  • Understand How Quality Tools can be Used

DAY 10: Staying Focused, Delivering and Closing your Project

  • Recognizing the Operational Considerations that need to be Met and Prepared For
  • Learn about Project Cost and Schedule Recovery Techniques Relevant to the Oil & Gas Industry
  • The Implications of Late Recovery Practices
  • Project Management Reporting
  • Project Handover & Closure
  • Lessons Learned

Participants to this DMA’S Project Management for the Oil & Gas Industry training course will receive a thorough training on the subjects covered by the course outline with the instructor utilizing a variety of proven adult learning teaching and facilitation techniques. Course methodology includes an insight into organizational 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. This DMA’S training course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects.

This DMA’S Project Management for the Oil & Gas Industry training 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.

  • D.McKINSEY AND ASSOCIATES Ltd Certificate of Completion for individuals who attend and complete the Project Management for the Oil and Gas Industry.
  • Candidates who desire International Certifications shall be registered through our platform for such an examination as per PMI standards and cost.

3 DAYS

D.Mckinsey is licensed to train and issue certificates by the following bodies;

–           Nigerian Council for Management Education, (CMD).

–           OGTAN (Oil and Gas Trainers Association of NIGERIA).

Kindly confirm space availability by calling +234 (0) 8023192104 or +234 (0) 9062386530 or send an email to info@dmckinseyandassociates.com, dmckinseytraining@gmail.com.   For In-House training programs / on request, please contact us using above contact details.

APR 24-26

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