Course Details
Course Outline
5 days course
Concepts of Project Management
- Projects and Programmes
- Project Life Cycles and Stage Gates
Intricacies of Project Approval in the Oil & Gas Industry
- 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
- Exploration Survey & Drilling
Project Context in the Oil & Gas Industry
- 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
Strategic decision making through the Project Life Cycle
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
Project Leadership Skills
- Build an executive leadership style that guides the project toward greater performance and profit
- Understand the Project Organisation in a typical Oil & Gas project
- Project Manager–Unique Requirements
Project financing and Financial Modelling for Oil & Gas projects
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- Financing/ credit risk considerations for the Oil & Gas project
Evaluation mathematics in project finance
- The time value of money – how it applies to project finance
- Yields and rate of return - Discounted Cash Flow (DCF) analysis
Identify reasons for Project failures and successes
- Understand why some projects fail
- Gain an understanding of successful projects and analyse reasons for success
Starting with the End in Mind
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
- Development of the Project Charter
Project Management Integration
- Understand the need for a project team approach
- Importance of communication in an Oil & Gas project
- Project Systems and Processes for procurement, award of contracts, workforce management
Project Stakeholder Engagement
- Identify and plan to engage with the project’s key stakeholders
- Centralised vs. Participatory Monitoring
Project Reporting Techniques
- Optimal Project Review Types and Intervals
- Control Decision-making
- Project Evaluation criteria
Preparing for Project Decommissioning
- Decommissioning and rehabilitation considerations
