The energy sector is currently experiencing a surge in growth, driven by increasing global demand and the urgent need for sustainable energy solutions. This expansion presents significant opportunities for investment and development but also poses complex challenges in managing capital projects effectively. This Managing Capital Projects in the Energy Sector training course is designed to equip industry professionals with the knowledge and tools necessary to navigate this dynamic landscape and provides you the tools to manage the assess and select stages of new opportunities, as well as managing the define and execute of authorized projects.
This Energy Training Centre training course will highlight:
- The role of stage gate process in the governance of energy projects.
- Feasibility studies and assessing the NPV, IRR and other metrics.
- Value improvement practices (VIP) to improve value and reduce risk.
- Scope, schedule and cost management techniques.
- Manage the different stages: assess, select, define, and execute (EPC)
By the end of this Managing Capital Projects in the Energy Sector training course, participants will learn how to:
- Learn the objectives and activities in each of the Energy development stages.
- Assess the available opportunities and select the best option based on feasibility analysis
- Develop the Statement of Requirement (SOR), FEED and similar documents required to manage the execution
- Understand the governance and stage gate concepts as applied to the energy sector
- Apply risk management best practices to reduce threats and elevate opportunities
- Conduct value engineering, design reviews and constructability studies.
Participants to this training course will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Seminar methodology includes presentations combined with interactive practical case studies, supported by video materials, and group activities that encouraged active participation of the delegates.
This training course will benefit the organization, through the accumulation of knowledge and practices by its employees to manage the Energy capital projects more effectively through:
- Exploring how the Energy sector is governing its projects throughout its project life cycle.
- More realistic and comprehensive financial modeling to prove the feasibility of new opportunities.
- Increase the portfolio of Value improvement practices (VIP) applied in your organization.
- Manage Scope, schedule and cost effectively.
Participants will benefit personally from attending this course by improving their competencies related to managing the projects in the Energy sector. They will specifically:
- Advance your career in the Energy sector by adding more competencies to your career profile
- Master the different Energy development stages and what, who and when of each task within the project life cycle.
- Link the technical scope document to the schedule, cost and other management artifacts required to manage the execution
- Master risk management, Value Engineering and other VIPs to deliver your projects successfully
This training course is designed for professionals involved in managing capital projects in the energy sector from the assessment till the execute stages of the project life cycle.
This Managing Capital Projects in the Energy Sector training course is suitable to a wide range of professionals but will greatly benefit:
- Project managers
- Engineers
- Finance professionals
- Executives
- Investors
- Consultants
Day One: Stage-Gates, Governance and Project Appraisal
- Concepts of Project Management
- Stage-Gates and Governance in the Energy Sector
- The Appraise / Assess Stage: Objectives and Activities
- The Select Stage: Objectives and Activities
- Using the financial metrics in “Select stage”: NPV, IRR, Payback Period
- Feasibility Studies and Development of Financial Model
Day Two: Define Technical Scope, Cost and Schedule
- Managing the project stakeholders
- The Define Stage: Objectives and Activities
- The SOR, BOD and FEED
- Define the scope and the WBS
- Project Definition Rating Index (PDRI)
- Schedule levels and developing the project schedule
- Define the project execution strategy and Plan
Day Three: Value Improvement Practices (VIP)
- Cost Classes applied to each project stage
- Developing the project cost model
- Project Control using Earned Value Management
- Value Improvement Practices and its implementations in project stages
- Value Engineering
- Design Reviews and Constructability Reviews
- Other Value Improvement Practices
Day Four: Risk Assessment in the Energy Sector
- Purpose & Benefits of Project Risk Management in Energy Projects
- Overview of Different Risk Management Approaches in Energy Projects
- Risk Identification and Categorization in Energy Projects
- Risk Analysis and Risk Simulation in Energy Projects
- Risk treatment / response to risks in Energy Projects
- Risk Monitoring and Risk Governance in Energy Projects
Day Five: Execute Stage – Engineering, Procurement and Construction
- The Execute Stage: Objectives and Activities
- Overview of the Detailed Engineering Process
- Overview of the Procurement Process
- Overview of the construction Process
- Overview of the commissioning and start-up Processes
