This course is designed to provide participants with a detailed and up-to-date overview of Best Practices for Site and Sustaining Capital Projects. It covers the types of capital projects in the oil and gas industry; sustaining capital projects and their roles in maintaining and enhancing operational capacity; the capital project lifecycle management; the guidelines for conducting feasibility studies including economic, technical and environmental considerations and techniques for justifying projects through business case development; the best practices in budgeting and cost estimation for capital projects; and the methodologies for accurate cost forecasting and contingency planning.
Further, the course will also discuss the project scheduling techniques and planning tools like Gantt charts, critical path method (CPM) and project management software applications; the strategies for effective stakeholder engagement including identification, analysis and development of communication plans to ensure project alignment and support; and the project execution strategies for site and sustaining capital projects including contracting strategies, procurement and logistics planning.
During this interactive course, participants will learn the risk management in capital projects; the HSE considerations into project planning and execution; the techniques for ensuring quality in project delivery; the strategies for managing changes during project execution; the sustainability and social responsibility into capital projects; the methods for monitoring project progress and performance; the project performance including post-project reviews, lessons learned sessions and knowledge sharing to improve future project execution; the best practices for closing out capital projects including documentation, asset handover and closure reports ensuring a smooth transition to operations; the financial closure and ROI analysis; and the role of technology in enhancing project management.