Course description
Decision-making support systems (DMSS) methods are widely used for technical, economic, social and environmental assessments within different energy sectors, including upstream oil and gas, refining and distribution, petrochemical, power generation, nuclear power, solar, biofuels, and wind.
Decision Support Systems for Oil and Gas Projects programme provides participants the advanced skills required to execute effective business strategies. Looking at the Project Sanctioning and Approval Process (PSAP), which allows the viability of a project to be measured with emphasis to time, cost benefit and value addition.
Practical instruction will be provided on the relevant project processes and tools as well as consider the organisational structures to support the likelihood of future projects yielding desired result. This introduction to project sanctioning will lead into detailed planning and execution leading benefits being delivered.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Decision Support Systems for Oil and Gas Projects course is suitable to a wide range of professionals but will greatly benefit:
- Senior management decision makers
- Commercial management
- Financial management
- Senior business services professionals who have the responsibility for projects and costs in client and contracting companies
Outcome / Qualification etc.
At the end of this Decision Support Systems for Oil and Gas Projects course, you will learn to:
- Systematically define, design, and integrate end-user requirements in the project decisions
- Examine & understand key contextual requirements within the project environment
- Identify risk sources and learn how to mitigate potential risks and deal with uncertainty
- Accurately estimate and allocate project costs and associated benefits
- Analyse & understand how the time-value of money techniques help to support decisions
Training Course Content
Day 1
Concepts of Project Management
- Projects and Programmes
- Project Life Cycles and Stage Gates
Intricacies of Project Approval in the Oil & Gas Industry
- 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
- Exploration Survey & Drilling
Day 2
Project Context in the Oil & Gas Industry
- 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
Strategic decision making through the Project Life Cycle
- Project Feasibility Decision makers
- Project Preparation & Planning responsibilities
Project Leadership Skills
- 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
Day 3
Project financing and Financial Modelling for Oil & Gas projects
- Project finance: Limited and non-recourse project finance
- Structuring project finance deals
- Financing/ credit risk considerations for the Oil & Gas project
Evaluation mathematics in project finance
- The time value of money – how it applies to project finance
- Yields and rate of return - Discounted Cash Flow (DCF) analysis
Day 4
Identify reasons for Project failures and successes
- Understand why some projects fail
- Gain an understanding of successful projects and analyse reasons for success
Starting with the End in Mind
- Define success criteria and KPI’s of an example Oil & Gas project
- Capture Project Requirements
- Development of the Project Charter
Day 5
Project Stakeholder Engagement
- Identify and plan to engage with the project’s key stakeholders
- Centralised vs. Participatory Monitoring
Project Reporting Techniques
- Optimal Project Review Types and Intervals
- Control Decision-making
- Project Evaluation criteria
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London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...