1 An Intensive 2-Week Training Course Project Management for the Oil and Gas Industry Understanding the Key Requirements to Deliver Projects Successfully Jul 2019, New York Nov 2019, London 28-NOV-18 R.E.P. ID: 4349 The Registered Education Provider (R.E.P. ID:4349) status with the Project Management Institute (PMI ) enables PetroKnowledge to issue applicable Professional Development Hours/Units (PDHs/PDUs) to participants on this training course, to help you achieve or maintain PMI professional credentials. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
2 Project Management for the Oil and Gas Industry Understanding the Key Requirements to Deliver Projects Successfully WHY CHOOSE THIS TRAINING COURSE? Working within the Oil & Gas industry provides a complex project environment that throws up its own particular project management challenges. This detailed and integrated 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. The Project Management for the Oil & Gas Industry course provides the opportunity for handson experience using industry project case studies and follows one current offshore project example from the cradle to the grave. This interactive training course provides participants with the skills required to deliver projects effectively, from decision-making concepts used by business development and commercial departments, through to FEED and into planning & delivery. This PetroKnowledge 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 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, organising and execution delivery, and closing out the project successfully, we really are looking to progress our project management career with confidence. Key areas covered include: Understand the contextual considerations for project delivery within the Oil & Gas industry Learn about the Project Sanctioning and approval Process (PSAP) Understand structural and systematic aspects of project planning and execution that can be used Identify with and understand reasons for project failures and successes Relate to best practice project management philosophies and how they support project delivery Comprehend how project success is measured with emphasis on: time, cost, benefit, value addition Gain familiarisation with project financing methods & Financial modelling Perform analytical techniques of project management using best-practice techniques Understand the need for the project manager to be leading and managing project teams This training course will highlight: The need to undertake Front End Design & Survey in an Oil & Gas environment How to establish the key requirements necessary to support Oil& Gas project approval How Oil & Gas organisations ascertain the strategic fit and relevant options for project delivery The route to successful project integration and delivery The importance of leading and managing a successful project team THE STRUCTURE This comprehensive training course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses. Module 1 - Developing Project Strategy in the Oil & Gas Industry Module 2 - Delivering Successful Projects within the Oil and Gas Industry
3 WHO IS THIS TRAINING COURSE FOR? The 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. This training course is suitable to a wide range of professionals but will greatly benefit: WHAT ARE THE GOALS? This training 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 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 enduser 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 Programme and Project Managers Senior related Project Support Managers Senior management decision makers Commercial Management Personnel Project Lead Engineers Project Control and business services professionals who have the responsibility for planning and controlling project schedules and costs in client and contracting companies The audience should be positioned to pursue and maintain competitive operational and business efficiency, revenue maximisation and profitability for the organisation. HOW WILL THIS TRAINING COURSE BE PRESENTED? Participants to this training course will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training methodology includes an insight into organisational 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 PetroKnowledge course includes teamwork around an applicable case study, group discussion and critical analysis of actual projects. The 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. Project Management for the Oil and Gas Industry
4 DAILY AGENDA MODULE I - DEVELOPING PROJECT STRATEGY IN THE OIL & GAS INDUSTRY Day One: Concepts of Project Management & Intricacies of Project Approval in Oil & Gas Industry Competency Description: The need has never been greater for projects to be approved that will deliver the greatest return on our investment; further, we need to ensure that we are appropriately prepared for the risks that come with those decisions. We will begin by recognising where to focus our time, our resources and commitment in order to sanction and deliver our projects successfully. Establishing prioritisation of projects and associated risks Developing strategic business case for project approval Developing a method to assist in catchment of project ideas 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 Two: Project Context for Oil & Gas Projects Competency Description: Understanding the environment that the project sits within is crucial to relevant decisionmaking. We use various tools to assist us in this strategic process. Establishing an understanding of the environment within which the project is delivered Develop influencing skills via influencing model Gain an understanding of project stakeholders and how to manage them and meet their expectations 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
5 Day Four: Identify Reasons for Project Failures & Prepare for Successful Delivery and Integration Competency Description: The risk of project failure is huge - one failed project may be enough to wipe out a full year s profit, so we need to ensure we commence our project aiming for success throughout the project. Establishing why projects fail Developing plans to ensure best chance of project success Developing a project team driven towards success Day Three: Project Financial Modelling and Project Leadership Skills Competency Description: Project Financing is crucial, so an understanding of how financial decisions are made will be analysed. The Project Manager and other key decisions makers are vital and we will consider the role of the project leaders and development of leadership skills where appropriate. Establishing prioritisation of projects and associated risks Developing strategic business case for project approval Developing project leadership skills to assist in decision-making Developing a method to assist in catchment of project ideas 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 Understand why some projects fail Gain an understanding of successful projects and analyse 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 Five: Development of Project Stakeholder Relationships & Project Communication Competency Description: Project Stakeholders are crucial - the likelihood of their requesting project changes are extremely high and good decision- makers need to understand the best tools to use to aim to satisfy the needs of stakeholders, or ultimately, maintaining a good relationship. Establishing stakeholders needs via engaging with them Developing positive working relationships Developing a method to report project decisionsmade Identify and plan to engage with the project s key stakeholders Creating project dashboards Presenting decisions to the project board Recognising need for Project Recovery Control Decision-making Project Management for the Oil and Gas Industry
6 Membership No.: DAILY AGENDA MODULE II - DELIVERING SUCCESSFUL PROJECTS WITHIN THE OIL AND GAS INDUSTRY Day Six: Preparing for Project Delivery Competency Description: In order to deliver projects, we need to ensure that we are appropriately prepared for the all aspects that come as part and parcel of the project. We will begin by recognising where to focus our time, our resources and commitment to delivering our projects successfully. Establishing projects requirements Developing stakeholder management plan Developing estimating methods 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 Utilise relevant techniques for project estimating Day Seven: Project Planning - Schedule, Cost & Resources Competency Description: Developing project plans are at the forefront of delivering projects successfully. We use various tools to assist us in this crucial process. Establishing an understanding of the schedule within which the project is delivered Develop detailed schedule and cost baselines Gain an understanding of project supply chains Learn the importance of resource management Understand how to manage limited resources or accelerate schedules 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 QUALITY CERTIFICATION Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.
7 Day Nine: Managing Project Changes while Maintaining Quality Competency Description: Project changes are expected and management of change is crucial. The Project quality parameters must be set and adhered to satisfy client requirements. Establishing relevant project changes Capturing monitoring information using earned value management Recognise what type of project support can be delivered by PMO Developing project quality management programme Day Eight: Manage Risks & Resources Competency Description: The risk of project failure is huge one failed project may be enough to wipe out a full year s profit, so we need to ensure we manage our project aiming for success throughout the project. We need to manage the project teams and develop them to provide them the skills to deliver. Establishing how to manage project risks Developing risk response plans to ensure best chance of project success Developing a project team driven towards success Developing project leadership skills to assist in decision-making 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 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 Ten: Staying Focused, Delivering and Closing your Project Competency Description: Projects need to be maintained throughout the project life cycle all the way to the final stages and ultimately handover. Occasionally there is a need for project recovery and we will identify when and how this should be decided upon. Establishing stakeholders needs in relation to operational considerations Developing an understanding of project recovery Preparing for project handover & closeout Recognising 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 Project Management for the Oil and Gas Industry
8 Project Management for the Oil and Gas Industry Understanding the Key Requirements to Deliver Projects Successfully 4 DATE VENUE FEE($) Jul 2019 New York - USA 13, Nov 2019 London - UK 11,900 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: BOOKING TERMS & CONDITIONS Booking Bookings for courses can be made via our website (petroknowledge.com) or by contacting our Registration Desk on or at For on-line bookings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of booking in order, enrolment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via /courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bookings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bookings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your booking, received your confirmation of enrolment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at and at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of booking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion OFFICES: Middle East: P.O. Box: , Abu Dhabi, U.A.E. Tel: Europe: AB25 1HF, 1Berry Street Aberdeen, Scotland, UK Tel: USA: Pennzoil Place 700 Milam, Suite North Tower Houston, Texas 77002, USA Tel: E: Follow us on: