| Module I - Developing Project Strategy in the Oil & Gas Industry 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. Key behaviours • Establishing prioritisation of projects and associated risks • Developing strategic business case for project approval • Developing a method to assist in catchment of project ideas Topics to be covered • 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 Project Context for Oil & Gas Projects Competency Description: Understanding the environment that the project sits within is crucial to relevant decision-making. We use various tools to assist us in this strategic process. Key behaviours • 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 Topics to be covered • 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 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. Key behaviours • 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 Topics to be covered • 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 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. Key behaviours • Establishing why projects fail • Developing plans to ensure best chance of project success • Developing a project team driven towards success Topics to be covered • 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 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. Key behaviours • Establishing stakeholders’ needs via engaging with them • Developing positive working relationships • Developing a method to report project decisions-made Topics to be covered • 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 Module II - Delivering Successful Projects within the Oil and Gas Industry 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. Key behaviours • Establishing projects requirements • Developing stakeholder management plan • Developing estimating methods Topics to be covered • 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 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. Key behaviours • 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 Topics to be covered • 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 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. Key behaviours • 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 Topics to be covered • 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 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. Key behaviours • 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 Topics to be covered • 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 |