Project Management Fundamentals in Oil and Gas


Corporate strategy is often cascaded through several strategic business units (SBUs) and then ends up being represented as portfolios of programs or projects. These become the vehicles for implementing the approved strategic initiatives.

Thus, project management competencies are increasingly becoming a matter of survival for organizations as organizations strive for comparative advantage and increase in market share, resulting in robust top and bottom lines. This course is designed to equip project management personnel at all levels with the requisite project management principles and best practices required to meet project objectives.


Upon completion of this course, participants will be able to:

  • Understand and use project management terms
  • Differentiate between projects and operations
  • Understand and use project management terms
  • Distinguish among projects, programs, and portfolios
  • Appreciate the strategic importance of projects to organizations
  • Understand and apply project management principles
  • Appreciate the uses of phase gates in maintaining the strategic objectives of projects
  • Identify and select appropriate phases for different project types.
  • Develop WBS and CBS
  • Identify project success factors and criteria


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