An Intensive 5 Day Training Course Developing Project Strategy in the Oil & Gas Industry Understand How to Make the Appropriate Decisions to Select and Support Projects 05-09 Nov 2018, London 15-19 Jul 2019, New York 03-JUL-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.
Developing Project Strategy in the Oil & Gas Industry Understand How to Make the Appropriate Decisions to Select and Support Projects WHY CHOOSE THIS TRAINING COURSE? Today, large projects in the oil and gas industry face daunting challenges as they become increasingly complex, innovative and technologically demanding. Project decision and strategy making allows the determination of the basic long-term goals and objectives of an enterprise. It is more and more important that the correct project selection is made, that the benefits are clearly set out and understood at the outset and that the project is planned appropriately to support good delivery. If you will begin with certainties, you shall end in doubts, but if you will content to begin with doubts, you shall end in almost certainties -- Francis Bacon Making good, solid project decisions is extremely important task for organisations, but not an easy thing to do. This PetroKnowledge training course offers an insight into decision-making procedures in a step-bystep manner. It presents decision-analysis, using different decision criteria, different types of information, and information of varying quality. It covers the analysis of decision alternatives and choices, as well as the goals and objectives that guide decision-making. We will take time to cover the key issues related to a decision-maker s preferences regarding alternatives, criteria for choice, and choice modes, together with relevant risk assessment tools. All key information that will make delivering projects in the oil and gas industry more successful, from the viability of a project to recognising how to measure it with emphasis on timely delivery, cost benefit and value addition, will be discussed. Key areas covered include: Project Sanctioning and approval Process (PSAP) Understand structural and systematic aspects of project planning and execution used on Oil and Gas projects Identify with and understand reasons for project failures and successes (using examples) Comprehend how project success is identified and measured Gain familiarisation with project financing methods & Financial modelling Understanding the need for continual decisionmaking through the project life cycle 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 Appropriate decision-making tools & techniques that have been tried and tested The importance of behavioural skills in a highly technical environment WHAT ARE THE GOALS? This Project Decision Making training course intends to guide successful project selection and delivery. Criteria to be observed in generating the objectives: Identify with relevant stakeholders and communication needs in the Oil & Gas industry Understand key contextual requirements within the project environment Learn how to use appropriate decision-making tools & techniques that have been tried and tested Accurately estimate and allocate project costs and associated benefits By the end of this training course, participants will learn to: Systematically define, design, and integrate enduser requirements in the project decisions Understand how the time-value of money techniques help to support decisions Identify risk sources and learn how to mitigate potential risks and deal with uncertainty Use appropriate tried and tested decision-making tools & techniques www.petroknowledge.com
Membership No.: 125094 WHO IS THIS TRAINING COURSE FOR? This PetroKnowledge course is suitable to a wide range of professionals but will greatly benefit: Project Management Professionals Senior Management Decision Makers Commercial Management Financial Management Senior business services professionals who hold responsibility for projects 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? Course participants will receive a thorough training on the subjects covered with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Project methodology includes an insight into organisational decision methods and short and long-term strategy considerations. The training course includes an evaluation of project leadership skills required and will evaluate an applicable case study, with group discussion and critical analysis of this and other actual Oil & Gas projects. DAILY AGENDA 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 QUALITY CERTIFICATION Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. Developing Project Strategy in the Oil & Gas Industry
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 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 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 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 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 Developing Project Strategy in the Oil & Gas Industry
Developing Project Strategy in the Oil & Gas Industry Understand How to Make the Appropriate Decisions to Select and Support Projects 4 DATE VENUE FEE($) 05-09 Nov 2018 London - UK 5,500 15-19 Jul 2019 New York - USA 6,950 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: Email: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: Email: IN-HOUSE TRAINING Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a public training courses & seminars. Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation? Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation
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