Driving Results: Strategic Execution in Oil and Gas Project Management Training Course

Introduction

In the highly competitive and capital-intensive oil and gas industry, the successful delivery of projects is not merely about technical proficiency but about the ability to translate strategic objectives into tangible results. While robust planning is crucial, the true differentiator lies in strategic execution—the disciplined and effective implementation of project plans to achieve desired outcomes amidst dynamic market conditions, complex stakeholder landscapes, and inherent operational risks. Projects that fail in execution can lead to significant cost overruns, schedule delays, and a failure to capture intended value, underscoring the critical need for advanced execution capabilities.

This intensive training course is meticulously designed to equip participants with a comprehensive and practical understanding of strategic execution principles specifically tailored for oil and gas project management. From exploring the critical link between strategy and project delivery and various execution methodologies to mastering risk mitigation, performance monitoring, stakeholder alignment, and effective change management, you will gain the expertise to drive projects to successful completion. This empowers you to enhance project predictability, optimize resource utilization, ensure quality and safety, and strategically contribute to the realization of organizational goals and the sustained profitability of capital investments.

Target Audience

  • Project Managers and Project Directors.
  • Project Controls Professionals (Planners, Schedulers, Cost Controllers).
  • Construction Managers and Supervisors.
  • Engineering Managers and Discipline Leads.
  • Operations Managers involved in Project Handover.
  • Business Development and Commercial Directors.
  • Risk Management Specialists.
  • Senior Management responsible for Project Portfolio Performance.

Duration: 10 days

Course Objectives

Upon completion of this training course, participants will be able to:

  • Understand the critical link between corporate strategy and project execution in oil and gas.
  • Grasp various project execution models and their applicability.
  • Analyze advanced planning and scheduling techniques for complex projects.
  • Comprehend effective risk management and mitigation strategies during execution.
  • Evaluate different methods for monitoring project performance and ensuring quality.
  • Develop practical skills in leading project teams and managing stakeholders during execution.
  • Navigate the complexities of change management and contract administration.
  • Formulate robust strategies for driving disciplined project execution and achieving strategic objectives.

Course Content

  1. Connecting Strategy to Project Execution
  • Understanding the strategic objectives of oil and gas projects.
  • Translating strategic goals into project deliverables and outcomes.
  • The role of project management in achieving organizational strategy.
  • Aligning project execution with corporate vision and values.
  • Case studies of strategic projects and their execution challenges.
  1. Project Execution Models and Methodologies
  • Overview of common project delivery models: EPC (Engineering, Procurement, Construction), EPCM (Engineering, Procurement, Construction Management), Alliance, Lump Sum.
  • Selecting the appropriate execution model for different project types.
  • Agile principles and their applicability in oil and gas projects.
  • Integrated project delivery concepts.
  • Best practices in execution model selection.
  1. Advanced Planning and Scheduling for Execution
  • Detailed execution planning: breakdown to work packages and activities.
  • Advanced scheduling techniques: critical path method (CPM), resource-loaded schedules.
  • Baseline management and progress measurement.
  • Schedule acceleration techniques: crashing, fast-tracking.
  • Utilizing project management software for execution planning.
  1. Risk Management During Execution
  • Continuous risk identification and assessment during project execution.
  • Developing and implementing risk mitigation plans.
  • Contingency management and reserve allocation.
  • Managing emerging risks and unforeseen events.
  • Risk reporting and communication to stakeholders.
  1. Performance Monitoring and Control
  • Key performance indicators (KPIs) for project execution: cost, schedule, quality, safety.
  • Earned Value Management (EVM) for integrated performance measurement.
  • Progress reporting and forecasting (EAC, ETC).
  • Variance analysis and corrective actions.
  • Utilizing project control systems for real-time monitoring.
  1. Quality Management and Assurance in Execution
  • Implementing project quality plans.
  • Quality assurance vs. quality control during construction and fabrication.
  • Inspection and testing plans.
  • Non-conformance management and corrective actions.
  • Handover and commissioning quality requirements.
  1. Contract Management and Administration
  • Understanding different contract types and their implications for execution.
  • Contract administration: managing claims, variations, and disputes.
  • Contractor performance management and monitoring.
  • Legal and commercial aspects of project execution.
  • Close-out of contracts.
  1. Leading Project Teams and Stakeholder Engagement
  • Building and motivating high-performing project execution teams.
  • Leadership styles for effective execution.
  • Managing conflicts and fostering collaboration.
  • Identifying and engaging key stakeholders during execution.
  • Effective communication with internal and external parties.
  1. Change Management During Execution
  • Importance of a robust change management process.
  • Identifying, evaluating, and approving project changes.
  • Impact of changes on scope, schedule, cost, and quality.
  • Implementing approved changes effectively.
  • Communicating changes to all relevant parties.
  1. Project Close-out, Lessons Learned, and Future Trends
  • Formal project close-out procedures.
  • Performance review and final reporting.
  • Capturing lessons learned for future projects.
  • Knowledge management and continuous improvement.
  • Digitalization and AI in strategic execution: predictive analytics, automation, digital twins.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Driving Results: Strategic Execution In Oil And Gas Project Management Training Course in Dominican Republic
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