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Subsea Project Delivery

Comprehensive Subsea Project Management: From Initiation to Economic Evaluation

Acquire a comprehensive understanding of subsea project delivery through this course, which covers key aspects from project initiation to economic evaluation. Explore the project lifecycle, from pre-Front End Loading (FEL) to execution, delving into visualisation, conceptualisation, and the role of major project documents. Understand project organisation, procurement, risk management, logistics, and supply chain dynamics. The course also focuses on Value Improving Practices (VIP), project economics, and evaluation methods, providing valuable insights through case studies and practical exercises. This comprehensive curriculum equips participants with the knowledge and skills needed for effective subsea project management.

Interactive Learning

Interactive Learning
 
Engage in hands-on activities and interactive exercises that explore different project stage, from FEL to project economics.

Industry insights
Industry insights
 
Gain industry insights into different value improving practices (VIP).  

Networking Opportunities

Networking opportunities

Network with like-minded individuals and industry experts working within project management. 

Jeenius
Jeenius
 
Enjoy exclusive access to Jeenius platform, a valuable learning resource.

Practical Calculations in Action: Transforming Theory

Our tutor guides delegates through a variety of worked examples and exercises, explaining how theoretical concepts, including detailed calculations, are applied in real-life scenarios. This hands-on approach allows participants to deepen their understanding by actively engaging with practical exercises, ensuring they gain valuable insights and skills that are directly applicable to their professional roles. Opting to study with us means embarking on a journey that encourages exploration and provides a comprehensive understanding of how theoretical knowledge, accompanied by practical calculations, translates into valuable expertise.

Module Highlights

Day 1 - Project Lifecycle and Front-End Loading

The course begins with an in-depth introduction to subsea project delivery, emphasising the project lifecycle, including its various stages. Participants will learn about Pre-Front End Loading (Pre-FEL) and Front End Loading (FEL), understanding the intricacies of these processes through industry examples. The day is dedicated to imparting knowledge on the visualisation, conceptualisation, and definition stages of a project, providing a solid foundation for understanding the early phases of subsea project planning and development.

Day 2 – Organisational Structure and Execution Strategies

This day focuses on the organisational aspects of subsea projects, including the creation and management of major project documents, adherence to codes and standards, and the effective organisation of project teams. It also delves into the execution phase of the project lifecycle, covering essential elements such as project management processes, detailed project planning techniques, and comprehensive cost management and estimating strategies. This session aims to equip participants with the skills necessary to manage complex projects efficiently and effectively.

Day 3 – Procurement, Risk, and Supply Chain Management

Day three addresses critical components of project management, such as procurement and contracting strategies, different types of contracts, and the procurement process itself. Participants will engage in a practical exercise focusing on risk management, specifically the creation and management of a risk register. The day also covers logistics and supply chain management, providing insights into managing these critical aspects of subsea projects. Additionally, the concept of Value Improving Practices (VIP) and value engineering is explored, highlighting methods to enhance the value and efficiency of projects

Day 4 – Financial Management

The course's final day is dedicated to the financial aspects of project management, including project economics, pre and post-approval activities, and various economic evaluation methods such as sensitivity analysis and Monte Carlo simulation. Participants will engage with case studies, including an economic evaluation case study and a Monte Carlo simulation case study, to apply the learned concepts in real-world scenarios. This day is designed to provide a comprehensive understanding of the economic evaluation processes essential for successful subsea project delivery

 

Who should attend?

Subsea Project Managers

Enhance your expertise in the lifecycle of subsea projects, from initial planning stages to execution and completion, ideal for professionals overseeing subsea developments.

Procurement and Contracting Officers

Gain critical insights into procurement strategies, contract types, and effective supply chain management, crucial for those involved in sourcing and contractual agreements in subsea projects.


Risk and Compliance Analysts

Deepen your understanding of risk management processes and strategies, perfect for specialists tasked with identifying, assessing, and mitigating risks in subsea environments.

Financial Planners and Analysts

Acquire comprehensive knowledge in project economics, evaluation methods, and financial case studies, essential for those responsible for financial assessments and decision-making in subsea projects.

Introduction to Subsea project delivery

  • Project and project lifecycle

Introduction to pre-FEL and FEL

  • Pre-Front End Loading
  • Front End Loading (FEL)
  • The FEL process
  • Industry examples

FEL stages – visualization and conceptualisation

  • Visualisation stage
  • Conceptualization stage
  • Definition stage

Project organisation and documents

  • Major project documents
  • Codes and standards
  • Project team organisation

Execution phase of project lifecycle

  • Project management processes
  • Project planning
  • Cost management and estimating
  • Cost estimating exercise
  • Management of information
  • Management of change

Procurement and contracting

  • Procurement and contracting strategy
  • Types of contracts
  • Procurement

Risk management

  • Risk management
  • Risk register
  • Group exercise: risk register

Logistics and supply chain management

  • Supply chain
  • Logistics

Value Improving Practices (VIP)

  • Types of VIP
  • Value engineering

Project economics and evaluation methods

  • Project economics
  • Pre and post approval activities
  • Economic evaluation methods
  • Sensitivity analysis
  • Monte Carlo simulation

Case studies

  • Economic evaluation case study
  • Monte Carlo case study
 

Learning Outcomes

  • Describe the process of subsea project delivery
  • Define and explain all the phases of a project lifecycle
  • Define the pre-Front End Loading phase of a project lifecycle and explain the tasks involved in it
  • Define Front End Loading phase of a project lifecycle and explain the three stages– visualization, conceptualization and definition
  • Explain the need for quality assurance and health and safety assurance in a project
  • Describe how risk is identified and managed successfully in a project
Subsea ROV

Meet Your Expert Tutor

Dem Demetriou

Dem Demetriou

BEng (Hons), MSc, DIC, CEng, FIMarEst, MBA FCMI

With a rich professional journey spanning over two decades, Dem has established himself as a specialist in project management, facilities engineering, and strategic general management. His expertise encompasses Front-End Engineering Design (FEED), detailed and conceptual design, procurement, topsides, and construction. This extensive experience makes him a treasure trove of knowledge and practical insights, particularly in the dynamic field of subsea engineering. 

In his teaching role, Dem brings this wealth of experience to the classroom. His courses are a blend of theoretical knowledge backed by real-world application, offering students a comprehensive understanding of the complexities involved in subsea engineering projects. 

Start Dates

Location Start Date End Date Number of Days Timings
Virtual (Live Instruction)
15th April 2024
18th April 2024
4
09:00 to 16:30 (with regular breaks)
Virtual (Live Instruction)
15th October 2024
18th October 2024
4

09:00 to 16:30 (with regular breaks)

Your Pricing Path: Course or Course Bundle

Standard Access

Individual Course Access

£2,495

  • Live Classes: Dive into live, interactive sessions focusing on real-time learning and discussions with peers and industry experts.

  • Access to Jeenius Platform: Unlock a realm of additional resources, peer forums, and expert interactions extending your learning beyond the classroom.

  • Industry Expert Interaction: Network and learn from seasoned industry professionals throughout the course, discussing real-world challenges and solutions.

Premium Access

Integrity Management Bundle

Unlimited lifetime access to all of our Integrity programmes.

£9,995

For just £9,995, you'll unlock lifetime access to our full spectrum of integrity courses, a collection with a value exceeding £30,000.

This offer isn't just about diverse subjects like Integrity Management, Lessons Learned, Flexibles and Riser, and more; it's a gateway to limitless learning.

Enjoy the freedom to access all materials and attend live classes whenever you wish, from anywhere, at any time. Elevate your expertise on your terms and at your convenience, ensuring a dynamic and flexible educational journey

 
 

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