Decision making Support Systems in Gas & Oil
Course Info
Code IND01-129
Duration 5 Days
Format Classroom
Course Summary
To execute a powerful business strategy in the gas and oil industry, it’s important to assess the full picture, understand the environmental effects, competitor motivations, and economic risks.
Decision-making Support Systems (DMSS) are collated systems and techniques which help businesses within the energy sector to make sensible and beneficial decisions in regard to processes, sales, and developments in the energy industry.
Utilising these support systems will give you the tools to analyse trending data and risk areas and create an accurate cost-benefit analysis for your future projects.
Your decision-making tools and systems can also help you to back your changes with data and support your change processes to increase your chances of securing beneficial partnerships and future investors. Your energy business will massively benefit from structured decision-making processes which can develop a clear plan of action for your future.
- To define your decision-making requirements.
- To integrate end-user requirements to support project design decisions.
- To identify sources of safety and financial risks.
- To assign project costs and develop effective cost-benefit analyses to aid decision-making.
- To understand how to deal with uncertainty.
- To utilise your decision-making skills to create a quality product and productive workforce.
- To estimate the project’s change costs and benefits to your supply chain.
- To understand how your decision can be affected by environmental change.
This course is designed for anyone responsible for designing projects and developing an accurate outcome analysis in the oil and gas industry. It would be most beneficial for:
- Business Owners
- Senior Partners
- Project Planners
- Finance Managers
- Supply Chain Managers
- Change & Control Managers
- Risk Assessors
- Commercial Managers
This course uses a variety of adult learning techniques to aid full understanding and comprehension. Participants will review best practice examples of project management within the oil and gas industry and will be presented with a variety of tools, techniques, and technology to implement a project management and change structure.
They will hold group discussions to highlight the main risk areas and work together to understand the best mitigation techniques based on accurate data analysis. Together, they will work to create a project plan that involves insightful changes which will improve the productivity or quality of their service and workplace utilising their background knowledge. They will then present potential changes to the group and understand how their developments could appeal to future partners and investors based on the clear benefits and solid framework of the planned changes.
Course Content & Outline
- Projects and programs that work.
- Reviewing your competitors.
- Your project lifecycle.
- Change management and team alignment.
- Gate changes and understanding the consequences of change.
- Your environmental responsibilities.
- Understanding safety procedures.
- Sanctioning and approvals processes and what to look out for.
- Developing your base project framework.
- Identify the need for your project.
- Presenting a clear business case.
- Awareness and accountability.
- Assigning responsibilities.
- Surveys and exploration.
- The macro-environmental responsibilities and concerns.
- Understanding and dealing with stakeholders.
- Your impact on other organisations and the wider industry.
- Where you sit on the regulatory framework.
- Securing your infrastructure during change.
- Feasibility of your decisions.
- Developing a decision-making team.
- Assigning responsibilities based on the area of expertise.
- Testing and re-testing.
- Preparation and planning responsibilities.
- Record keeping.
- Effective communication with your team.
- Work together toward continuous improvement.
- The inner workings of a typical gas and oil project.
- Who needs to know what?
- The unique requirements of a good project manager.
- How to use communication to benefit you.
- Financing your project responsibly.
- Securing the best finance deals.
- Using data to obtain funding.
- Credit risk considerations.
- The time value of money.
- How the value of money applies to your project.
- Your yield and returns rates.
- Discounted cash-flow considerations.
- Analysis and data utilisation.
- Why do some projects fail?
- What makes a successful project?
- What can you learn from past projects?
- Analyse and gain feedback from previous experiences.
- KPIs and success criteria definitions.
- Capturing your requirements in data form.
- Your project charter.
- Developing and supporting a team approach.
- The importance of communication.
- Workforce management and contract awarding.
- Decommissioning and rehabilitation.
- Controlled decision-making.
- Types and intervals of change.
- Centralised vs. participatory monitoring methods.
- Speaking to your key stakeholders.
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