Project Estimating, Planning, and Scheduling for Oil & Gas Production

Introduction:

New and exciting work always comes with a unique set of challenges. This comprehensive course on Project Estimating, Planning, and Scheduling for Oil & Gas Production will assist global inter-industry professionals at any stage of a project: selection, management, or leadership.

The course supports project execution using real case studies and covers the lifecycle of a contemporary offshore project. Participants will learn how to tackle key aspects of projects, including strategy development by business development and commercial teams, as well as advancing the FEED, planning, and execution phases.

Incorporating existing best practices in the industry, this course familiarizes participants with practical teaching steps, interspersed with project management methodology aimed at preventing unsuccessful projects. Additionally, it explains the project selection process while cultivating the skills needed to manage planning, organization, execution, and closure—essential skills for advancing in project management careers.

Objectives:

This Project Estimating, Planning, and Scheduling for Oil & Gas Production course is designed to provide participants with the ability to:

• Deal with exposed project controls and management problems in tight schedules.
• Pinpoint essential elements for project success and their attributes.
• Explain advanced intermediary formulations using Lead/Lag schedules in construction.
• Focus on specific issues such as scheduling progress, costs, and income.
• Acquire conflict resolution ethics to manage disagreements and retain resources.
• Identify key warranty and contract issues.
• Explain the impact of new-age systems and management practices on construction projects.

Training Methodology:

• Interactive lectures
• Case studies
• Group discussions
• Industry examples
• Problem-solving activities
• Q&A sessions
• Real project situations

Course Outline:

Unit 1: General Principles of Project Management and Approval Criteria in the Oil and Gas Sector:

• Projects and Programs
• Project Life Cycles and Stage Gates
• Project Sanctioning and Approval Process (PSAP) for the Oil and Gas Sector
• Understanding the Strategic Project and the business case
• Project Identification and Accountability
• Decision Framework Navigation

Unit 2: Project Context for Oil and Gas Projects:

• Understanding the Project Environment
• Identifying Stakeholders and Their Impact
• Regulatory Framework, Institutional Factors, and Infrastructure
• Project Preparation and Planning Responsibilities
• Project Financial Modelling & Management Skills
• Financing/Credit Risk for Oil and Gas Projects
• Importance of Time Value of Money in Project Finance
• Executive Leadership Style for Project Performance
• Project Organization in Oil and Gas

Unit 3: Understanding Project Failures and Ensuring Successful Delivery:

• Learning from Project Failures
• Characteristics of Workable Projects
• Creation of the Project Charter
• Success Criteria and KPIs
• Collecting Project Requirements
• Importance of Teamwork and Communication

Unit 4: Stakeholder Relations and Project Communication:

• Identifying Key Stakeholders
• Creating Project Dashboards
• Advising the Project Board
• Justifying Project Restructuring
• Decision Control Strategies

Unit 5: Preparing for Project Delivery:

• Evaluating Stakeholder Influence
• Understanding the Consequences of Unvoiced Orders
• Determining Project Scope
• Creating Product and Work Breakdown Structures
• Applying Project Estimating Techniques

Unit 6: Project Planning – Schedule, Cost, and Resources:

• Producing Network Diagrams
• Creating Precedence Network Diagrams
• Developing Gantt Charts
• Understanding Cost Baselines
• Types of Contracts Based on Risk Allocation
• Resource Allocation Algorithms
• Schedule Acceleration Options

Unit 7: Managing Risks and Resources:

• Risk Management Processes and Models
• Recognizing Risk Events in Oil and Gas Projects
• Qualitative and Quantitative Analysis Methods
• Developing Risk Response Strategies
• Leadership Models and Team Development

Unit 8: Quality Assurance in Project Change Management:

• Implementing Project Changes
• High-Level Strategies for Change Management
• Using Earned Value Management (EVM)
• Understanding Project’s Critical Chain
• Project Support Office (PSO) Strengths
• Quality Management Practices

Unit 9: Staying Focused, Delivering, and Closing Your Project:

• Operational Aspects for Project Readiness
• Project Cost Recovery and Schedule Recovery
• Impacts of Late Recovery Practices
• Management Reporting of Projects
• Handover and Project Closure