APPLIES TO ACADEMIC YEAR 2016/2017

GRA 8508 Governance of Complex Energy Projects

Responsible for the course
Jon Lereim

Department
Department of Leadership and Organizational Behaviour

Term
According to study plan

ECTS Credits
5

Language of instruction
English

Introduction
This course is part of the Executive Master of Management in Energy in cooperation with BI Norwegian Business School and IFP School.

Development and realization of initiatives within the energy industry is frequently to be done through use of the project approach.

The characteristics of the field development projects within energy are:

· Complex
· Large
· Long lead time from feasibility to operation
· International
· Multisite
· Several partners, sponsors and contractors

A key element in project success is to achieve satisfactory project governance in which the role of the project owner is critical.

Governance of Complex Energy projects is linked to the selection and control of the right project ideas and performing the controlling function towards the respective projects. The project owner must evaluate the single project in a broader perspective in which the strategic project portfolio perspectives are important.

Learning outcome
Learning outcome

The course focuses on project management & execution of larger complex energy projects appropriate for upstream, midstream and downstream development projects. Particular attention is made on the role of the project owner and how to perform good project governance on single projects and on the project portfolios.

Acquired Knowledge

This course provides you with:
· Basic knowledge of project management and project execution models for large & complex projects
· Insights into project governance theory and its applications in projects and current project portfolios
· Knowledge of relevant project management and governance tools; relevant project execution models, project portfolio models, life cycle assessments etc.
· Enhanced knowledge for the role as project owner.

Skills

Skills developed upon completion of the course include the abilities to:
· Design and establish relevant project execution models
· Design and manage a project portfolio
· Trained in performing the project owner role

Reflection

• The participants will acquire insights and perspectives on role as project owner and the importance on project governance excellence
• The participant will achieve an understanding on the importance of prioritization of initiatives and projects in light of a project portfolio approach.

• The characteristics of major capital intensive complex projects in energy sector, upstream, midstream and downstream
• The fundamentals of project governance
• The role of the project owner and steering group
• Value creation & value control during the project life cycle
• Strategic project portfolio management
  • Strategy focus
  • Selection criteria and portfolio selection
  • Portfolio risk management
  • Portfolio resource management

Examination
The students are evaluated through an individual 72 hours home exam, counting for 5 credits.

Specific information regarding student evaluation beyond the information given in the course description will be provided in class.
Examination code(s)
GRA 85081 - Home exam; counts for 100% to pass the course GRA 8508; 5 credits.

The course is a part of a full Executive Master of Management in Energy (EMME) and examination in all courses must be passed in order to obtain a certificate.

Examination support materials


Re-sit examination
Re-takes are only possible at the next time a course will be held. When course evaluation consists of class participation or continuous assessment, the whole course must be re-evaluated when a student wants to retake a exam. Retake examinations entail an extra examination fee.

Additional information