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Energy Project Management (PBM25)


    It is estimated that two thirds of $1 billion projects and a third of projects under $500 million around the world are neither delivered on time, nor under budget, nor within scope. Studies reveal that the biggest contributor to poor project delivery is ineffective communication. This course introduces project management techniques that are equally applicable to small scale oil & gas upstream studies as they are to large scale geothermal developments. Topics covered include project definition, measurement of progress vs. scope and deliverables, time and cost estimation and awareness of bias, risk management, procurement and outsourcing, project planning and quality management, and team building. Participants will become familiar with the pros and cons of project management tools via detailed case studies and worked classroom examples. Throughout the course the emphasis is on pragmatism and effective communication.

    Course Level: Skill
    Instructor: Bob Harrison

    Designed for you, if you are...

    • An industry or finance professional requiring a fundamental understanding of energy project management

    How we build your confidence

    The course is taught using a combination of instruction, facilitated discussion and hands-on exercises, on an individual and group basis.

    The benefits from attending

    By the end of the course you will be able to:

    • Understand the fundamentals of project management in the energy sector
    • Appreciate the inherent features of projects, their cyclical nature and why they often fail
    • Perform project stakeholder analysis
    • Measure project performance
    • Define project objectives and scope, and relate them to work based structures
    • Estimate time, resource and cost schedules according to project scope
    • Be aware of cognitive biases in estimates and how to counteract them
    • Manage and register project risks
    • Appreciate the challenges of procurement and outsourcing of services
    • Plan projects better and ensure quality of delivery
    • Build better project teams using the Belbin method


    • The inherent features of projects
    • Measuring project performance - the various evolutions of the Iron Triangle
    • Why most projects fail
    • The project life cycle
    • Project team building
    • Stakeholder analysis
    • Tools for effective project management
    • Project objectives: what they are and why they are crucially important
    • Project scope: what must be delivered, and what is actually not required
    • Work breakdown structures; organising project work into manageable portions
    • How to estimate time and resources required to deliver the project
    • Cost estimation and control
    • Recognising bias in estimates
    • Risk management in energy projects; different risk profiles for different energy sectors
    • Procurement and outsourcing; doing things in-house vs. using external contractors
    • The project plan
    • Project quality management




    HOT Engineering GmbH

    Parkstrasse 6
    8700 Leoben, Austria

    HOT Engineering Vienna Office

    Herrengasse 1-3, Floor 2
    1010 Vienna, Austria
    Tel.: +43 3842 43053-0
    Fax: +43 3842 43053-1
    E-Mail: hot@hoteng.com

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    Am Stollen 19
    38640 Goslar, Germany

    Tel.: +49 151 42440 739
    Fax: +43 3842 430 53-1
    E-Mail: hotrs@reservoirsolutions.com
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    138 Fatimah Bint Mubarak Street
    Al Yasat Tower, P.O. Box: 97
    Abu Dhabi, UAE

    Tel.: +971 2 672 0730
    Fax: +971 2 674 2422
    E-Mail: me@hoteng.com

    HOT Engineering Libyan Branch

    Essyahia City
    Tripoli, Libya

    E-Mail: libya@hoteng.com

    HOT Engineering GmbH   Tel: +43 3842 43 0 53-0   Fax +43 3842 43 0 53-1   hot@hoteng.com