The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals

Transcription

1 The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals 23 Jul - 03 Aug 2018, London

2 The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals Introduction This training seminar addresses the need for professionals in the Oil & Gas industry to manage and control projects. An in-depth treatment of project uncertainty enables delegates to tackle the economic challenges facing the petroleum industry and use effective risk planning and management techniques to support effective decision-making. This ability to control projects is further enhanced through the establishment of effective project governance systems to establish key performance indicators and measure project progress. Key highlights of the training seminar are: Identification of the stages required in the risk analysis process, i.e., preparing, modeling, and running risk analysis Development of the risk model, assessing probabilities to various variables, risk analysis, and explore the impact of uncertain variables Enable the participants to perform quantitative risk management techniques and conduct data-driven decision-making using probabilistic profitability indicators Exploration of the concept of value and value-driven project management Definition of key performance indicators, metrics and reporting dashboards Examination of effective governance mechanisms to support planning, execution (change) and performance management Application of core planning techniques The training seminar is split into two modules: MODULE I - Advanced Oil & Gas Project Economics, Risk & Decision Analysis MODULE II - Project Performance Measurement and Management Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-weeks training course. Objectives By the end of this training seminar, you will be able to: Appreciate attitudes to uncertainty and apply decision tree analysis and other risk management techniques Gain skills in the application of specific risk management simulation software package Conduct an economic study on petroleum related projects Use economic terms and concepts applied in the oil & gas industry to select appropriate projects Create Key Performance Indicators & establish additional metrics to measure the increasingly complex nature of modern projects Compose effective dashboards and scorecards to report project performance Apply generally accepted project management techniques to establish and control an integrated project plan baseline Training Methodology participants bring, as well as experimenting with novel and sometimes challenging techniques. Organisational Impact By sending delegates on this five-day training seminar your organization will benefit by: Enhanced decision-making and time and resource allocation - leading to better organisational and individual performance Use of a well proven planning process Increased recognition of key influences impacting oil & gas field developments Excelling in project management practice and increasing organizational maturity Equipping employees in refining abilities for project leadership and management Gaining confidence from customers by having project professionals capable of applying consistent project management techniques and effective progress communication processes Personal Impact By attending this training seminar, you will: Evaluate investment and design alternatives with decision tree analysis Gain operational decision making techniques Gain valuable knowledge in identifying the important uncertainties in petroleum projects Appreciating the need to recognize that value-driven approaches and a focus on outcomes rather than outputs is fast becoming the driving force of projects Familiarize yourself with the PMI PMBOK standard which will support any future endeavors in pursuing the widely recognized CAPM and PMP certifications Who Should Attend? This training seminar is suitable to a wide range of professionals but will greatly benefit: Planning managers Oil & gas engineers Project managers Analysts Commercial managers Economists Government officials Geologists Business advisors Asset managers E&P managers Other key members of oil & gas project teams The training seminar uses a range of approaches to learning, including experiential group activities, individual exercises, mini-case studies, and computer work using PCs to apply risk management approaches. A key part of the learning process is sharing the differing experiences

3 Seminar Outline MODULE I Advanced Oil & Gas Project Economics, Risk & Decision Analysis DAY 1 Development Economics A Brief History of Energy Usage Principles of Development Economics Understanding of Economic terms Inflation and its impact on Nominal & Real Cash Flows Project Financing DAY 4 Setting up Spreadsheet Calculations Using Excel Spreadsheet Calculations Cashflow Analysis Sensitivity Analysis Calculations Tornado Diagrams Introduction to Monte Carlo Simulations Class Exercises: Setting-up an oil field Project DAY 2 Uncertainty in Investments Handling uncertainty in Capital Projects Understanding Probability Concepts The Expected Value Concept: Features and Pitfalls Expected Monetary Value (EMV) Expected Profitability Index (EPI) Expected Opportunity Loss (EOL) DAY 5 Practical use of add-on: Oil Field Development Model Developing an Integrated Economic Model of an Oil Field Development Developing and using model analysis Project sensitivity analysis utilizing data model DAY 3 Training seminar final review and close Risks and Uncertainties Risk & Uncertainty Risk Eversion and Risk Premium Exploration Project Threats and Opportunities Economic Decision Criteria Decision Tree Analysis Probability Distribution Case study: Monte Carlo Simulation

4 Seminar Outline MODULE I I Project Performance Measurement and Management DAY 6 Understanding Project Success and Failure Characteristics of Projects Fundamentals of Project Management Starting a Project - the charter Starting a Project - the team DAY 9 Monitoring and Controlling Project Performance Variance Analysis using Earned Value Management Forecasting to Control Project Budgetary and Schedule Concerns Managing Change Advanced Status Reporting Techniques DAY 7 Value-Driven Project Management Value Modelling and Value Metrics Metric Characteristics, Selection, Training and Management Project Scope Planning - work breakdown structures Schedule Planning - build and optimize project timeline DAY 10 Stakeholder Management Issues Management Scope Verification - requirements traceability Management of Project Records Problem-Solving: Identification, Analysis and Generation of Solutions Decision-making Tools and Techniques Cost Planning - estimation and construction of the project budget DAY 8 Monitoring Performance through Effective Planning and Reporting Techniques Approved Centre Controlling Uncertainty - Risk Management Controlling Stakeholders - communications considerations Key Performance Indicators Status Reports and Project Dashboards REP logo, PMI & PMP are registered trademarks of Project Management Institute, Inc.

5 The 10-Day Advanced Project Economics & Performance Management for Oil & Gas Professionals Code Date Venue Fees PM Jul - 03 Aug 2018 London $11,000 REGISTRATION DETAILS LAST NAME: FIRST NAME: DESIGNATION: COMPANY: ADDRESS: CITY: COUNTRY: TELEPHONE: MOBILE: FAX: AUTHORISATION DETAILS AUTHORISED BY: DESIGNATION: COMPANY: ADDRESS: CITY: COUNTRY: TELEPHONE: MOBILE: FAX: PAYMENT DETAILS q Please invoice my company q Cheque payable to GLOMACS q Please invoice me CERTIFICATION Successful participants will receive GLOMACS Certificate of Completion 4 WAYS TO REGISTER Tel: +971 (04) Fax: +971 (04) info@glomacs.com Website: TERMS AND CONDITIONS Fees Each fee is inclusive of Documentation, Lunch and refreshments served during the entire seminar. Mode of Payment The delegate has the option to pay the course fee directly or request to send an invoice to his/her company/ sponsor. Credit card and cheque payments are both acceptable. Cancellation / Substitution Request for seminar cancellation must be made in writing & received three (3) weeks prior to the seminar date. A US$ processing fee will be charged per delegate for each cancellation. Thereafter, we regret that we are unable to refund any fees due, although in such cases we would be happy to welcome a colleague who would substitute for you. Hotel Accommodation is not included in the course fee. A reduced corporate rate and a limited number of rooms may be available for attendees wishing to stay at the hotel venue. Requests for hotel reservations should be made at least three (3) weeks prior to the commencement of the seminar. All hotel accommodation is strictly subject to availability and terms and conditions imposed by the hotel will apply. Attendance Certificate a certificate of attendance will only be awarded to those delegates who successfully completed/ attended the entire seminar including the awarding of applicable Continuing Professional Education Units/Hours. Force Majeure any circumstances beyond the control of the Company may necessitate postponement, change of seminar venue or substitution of assigned Instructor. The Company reserves the right to exercise this clause and implement such amendments. Fair Access / Equal Opportunities In the provision of its services as a world-class Training Provider, the Company is committed to provide fair access / equal opportunities throughout the delivery of its courses and assessment leading to the completion of training seminars, or 3rd party qualifications/certifications.

6 P.O. Box Dubai, U.A.E. T: +971 (04) F: +971 (04) E: W: Connect with Us On LinkedIn Scan the QR Code* to visit and connect to our LinkedIn profile. *Requires QR code reader/scanner application to be installed on your smartphone.