Estimating, Planning & Scheduling of Projects for Oil & Gas Production

Project Context for Oil & Gas Projects:

• Appreciation of macro-environment about 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

• 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 Organisation in a typical Oil & Gas project

• Project Manager–Unique Requirements

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

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

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

 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

• Familiarise yourself with different Contract types according to risk distribution

• Learn the difference between Fixed Price & Cost-Plus Contracts

• Resource Allocation Algorithms for Resource Prioritisation

• Planning and Scheduling Limited Resources

• Options for accelerating the schedule and how to deliver

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.

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 utilizing a Project Support Office

• Project Reviews

• Learn about Project Quality Management

• Differentiate between Quality Planning, Assurance & Control

• Understand how quality tools can be used

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