Inquiry

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-by-step 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 decision-making 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

This PetroKnowledge training 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