Project Life cycle : Oil & Gas

Description

Agenda :

1.Understanding Various Broad phases of Project

2.Listing down the various stages of a Project in Oil & Gas

• Feasibility Check

• Conceptual design

• Pre-Feed (Preliminary Front End Engineering Design) Phase

• Feed (Front End Engineering Design) Phase

• Detailed design phase

• Procurement Phase

• Fabrication & Construction Phase

• Erection & Installation

• Pre-commissioning

• Commissioning Phase

• Start-up Phase

3.Identification of various Projects phases w.r.t. Project stages

4.Understanding Various Project phases covering :

• Purpose

• Various deliverables

• Activities performed By

Frequently Asked Questions:

What are the five stages of the project life cycle?

• Initiating.

• Planning.

• Executing.

• Monitoring/controlling.

• Closing.

What are the 5 P's in project management?

The 5 Ps are: 1) Plan, 2) Process, 3) People, 4) Possessions, and 5) Profits.

What are the 5 C's in project management?

These five elements; Create, Comprehend, Communicate, Collaborate and Confront

What are the 4 elements of a project?

The four basic elements of project management are:

• Resources: People, equipment, hardware/software.

• Time: Task durations, schedule management, critical path.

• Money: Costs, contingencies, profit.

• Scope: Project size, goals, requirements

What are 7 keys of success in project management?

Seven keys to successful project management

• Kickoff.

• Identifying team players.

• Escalation process.

• Tracking.

• Reporting.

• Meetings.

• Documentation.

What is project life cycle and WBS?

WBS will help the project manager set parameters around the scope of work to be done; the life cycle sets the controls in place for decisions during project execution.

What is the role of project life cycle?

The Project Life Cycle provides a framework for managing any type of project within a business.

What are types of project cycle?

There are four main life cycles in project management: predictive, iterative, incremental, and agile.

What is 5M checklist?

The 5 m checklist is the Manpower (Staffing), Materials (Production), Machinery (Equipment), method and Measurement

What is the Gantt chart?

A Gantt chart is a commonly used graphical depiction of a project schedule.

What is project design cycle?

Project design is an early phase of the project lifecycle where ideas, processes, resources, and deliverables are planned out in seven steps.

What is critical path analysis?

Description: Critical path analysis is a project-management technique that lays out all of the activities needed to complete a task, the time it will take to complete each activity and the relationships between the activities.

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