Effective Project Management for Oil and Gas Industry

Project Management is a well-established approach to managing and controlling the introduction of new initiatives or organizational changes. Projects are finite in length, usually one-time pieces of work involving a number of activities that must be completed within a given time frame, and often on a fixed budget. Common examples of projects are construction of a building, introduction of a new product, installation of a new piece of machinery in a manufacturing plant, creation of a new software tool, or the design and launch of a new advertising campaign.

While the very simplest projects can be managed easily by applying common sense and just getting on with things, projects that are more complex need a great deal of planning, and benefit from a formal, disciplined management approach. From making sure that activities will actually meet the specified need, to devising a workable schedule, developing systems for reporting progress, and managing requests for changes – all of these issues require thoughtful consideration.

Managing projects well requires a great deal of time, skill, and finesse. There are many sides to project management and this is what makes it so interesting and demanding. Project managers are expected to take an uncertain event and make a certain promise to deliver. They are also expected to do this within a specified time and within a limited budget.

Objective

  • Understand the relationship between the budgeting process and resource management
  • Initiate a project
  • Plan project work
  • Develop project schedules, cost estimates and budgets
  • Plan project quality, staffing and communications
  • Analyze project risks
  • Plan project procurement
  • Execute project work
  • Monitor and control project work
  • Monitor and control project schedule and costs
  • Monitor and control project quality, staffing and communications
  • Monitor and control project risks and contracts
  • Close projects.

What Behavioural Competencies it covers:

Planning and Organizing, Results Orientation/Achievement, Delegation, Work Standards, Building Partnerships, Attention to Detail, Contributing to Team Success

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