Troubled Petroleum Projects - TPP

Discipline: Project Management
Level: Intermediate
Instructors who teach this course:

Related courses
About the course Designed For You will learn Course Content
About the course
The course focuses on the role of the recovery manager and his/her team, and the investigative techniques and tools that can be used to assess the severity of a troubled project and develop an appropriate recovery plan. This course focuses on key trouble areas for troubled projects:

  • Inadequate coordination among project development disciplines, resulting in a poor development concept and/or inadequate technical definition
  • Inadequate resources and dysfunctional teamwork that hampers development progress
  • Poor stakeholder management
  • Inadequate execution planning that often leads to contractor disputes, cost overruns, and schedule delays

This course is taught with a combination of facilitated instruction, facilitated discussion, and hands-on exercises based on real-world project examples related to projects experiencing cost/schedule overruns and push-back from partners and internal stakeholders. The exercises include both individual and group activities that give participants the opportunity to apply the tools and methodologies presented in the course.
Designed For
This course is designed for project managers, project engineers, engineering managers, project controls leads, procurement leads, construction managers, and all discipline leads that work on teams tasked with eliminating or reducing project cost and schedule overruns while improving operability. The course focuses on projects that experience difficulties due to poorly conceived development concepts, inadequate technical definition, dysfunctional teamwork, early cost/schedule overruns, and stakeholder conflicts. The course focuses primarily on the pre-sanction phases of development.
You will learn
  • Project failure modes
  • Primary causes of early-stage project failure
  • Key recovery competencies
  • Troubled project assessment methodology
  • Assessment team roles and responsibilities
  • How to identify and address the root cause of scope, cost, schedule, and operability issues
  • How to plan for recovery
  • How to intervene to reduce losses
  • How to gain acceptance and implement a recovery plan
Course Content
  • Troubled project characteristics and indicators
  • Recovery methodology
  • Assessment techniques for development concepts and definition maturity; project teams and stakeholders; execution strategy
  • Assessment resources
  • Intervention
  • Recovery planning
  • Gaining buy-in
  • Implementation and residual issues
  • Lessons learned