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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.

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.

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?

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

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)

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

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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

Subsea Project Delivery