PETROLEUM PROJECT MANAGEMENT: PRINCIPLES AND PRACTICES – PPM

Overview:
Running a successful petroleum operation requires a blend of technology, business savvy, and
people skills. If you already have a firm grasp of exploration or production technology, learn to amplify its effectiveness with applied project management techniques. This course is aimed at helping technical personnel make the best business decisions, decisions that lead to lowest project cost while still meeting all production or exploration goals. Petroleum Project Management covers the principles and application of project management to the upstream oil and gas business. Participants may choose a case study from a number of real-life exploration, production, facilities, and general management situations, or they may bring the details of one of their own current projects. Because of this experience with practical situations, participants can use these project management principles their first day back on the job. This course includes the use of computers, which are provided at additional cost for each two participants, or participants are invited to bring their own laptop.

Objectives:
How To:
• Identify the fundamental types of costs and the cost drivers
• Determine the relevant information for decision making
• Understand the different cost classifications
• Identify the objective of costs
• Trace all relevant costs to a single cost object to better manage costs
• Determine and monitor the behavior of costs
• Understand the principles of Activity Based Cost Management (ABCM) and its development and implementation
• Build your own Activity dictionary
• Use sensitivity analysis of cost behavior
• Design management control system that actually work for today’s needs
• Analyze capital projects using the proper tools and techniques
• Use and misuse the budget
• Manage and not mismanage costs
• Develop tools to use for managing costs
• Evaluate costs for effectiveness
• Properly define a project’s scope
• Use project management tools to create a project schedule to meet goals, deliverables, and resource constraints
• Use practical tools to identify and manage a project’s risks
• Manage a project team
• Organize your project to capture lessons learned
• The project management process

Activities:
• The course covers the following topics:
• Scope definition
• Scheduling tools
• Manpower resources
• Project risk management
• Learning, continuous improvement, and quality management in projects
• Project team management
• Case studies and exercises