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This short course presents what we believe to be the essentials in a series of lectures and short exercises.
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Dr. Kevin Schofield explains the purpose and logistics of the practical virtual classroom: Integrated Projects: A beginner's guide or Everything you wanted to know about working on the project but were afraid to ask. The course is based on an MSc-level week-long course taught for a UK University contracted to a major NOC.
The premise is that many individuals in the industry enter into projects early in their career with little prior knowledge of how projects are structured or the depth of integration necessary for a project to be successful, either because they previously worked in exploration, or because they are new to the industry, and little formal training is provided by most companies on the topic.
This short course presents what we believe to be the essentials in a series of lectures and short exercises.
Dr. Kevin Schofield reviews the inherited uncertainties from the exploration phase and implications to Project Development decision making within a stage-gate framework: dealing with Risk, Uncertainty & The Exploration Legacy.
In lecture two, Dr. Kevin Schofield covers the definition of the project and successful project delivery organization.
Dr. Kevin Schofield provides an overview of a Stage-Gate Process that is a framework for business decisions, particularly those involving significant capital commitments, to be made under optimum circumstances using the highest quality inputs.
Dr. Kevin Schofield in this lecture covers the Initiate Stage when the business case and scope for a project are agreed upon and approval is given to commence work. The first part of a three-step exercise is explained at the end of the lecture.
Dr. Kevin Schofield discusses Framing - a vitally important sub-process within the overall discipline of the Stage Gate. Framing sets the stage and mindset for the project team as they move forward with the work of data collection and analysis.
Dr. Kevin Schofield reflects on the importance of the Assess Stage. He characterizes it as the most critical period of a project in terms the questions we ask ourselves (and are asked by peers and leadership) and the way that we arrive at the answers.
The stage gate process is designed to highlight, manage and mitigate risk. In this lecture, Dr. Kevin Schofield demonstrates the value of data and how it relates to the actions during project delivery. How does this translate into the stage gate process, and what questions should we be asking?
Dr. Kevin Schofield will cover the fundamental principles that drive the calculation engines of the applications we use. You may find this a little old-fashioned, but you may also find these simple back-of-the-envelope methods useful as a quick check on a project in a data room, or even as a calibration of a model of your own.
Dr. Kevin Schofield reviews definitions of the Reserves and Resources, the categories and the industry regulations.
Dr. Kevin Schofield focuses on the questions: How to select the option that delivers optimum value considering the downside risk and upside opportunity involved and How to Refine a project plan as necessary delivering the optimum development concept.
Dr. Kevin Schofield focuses on the questions: How to select the option that delivers optimum value considering the downside risk and upside opportunity involved and How to Refine a project plan as necessary delivering the optimum development concept.
Dr. Kevin Schofield shares his experience in the final stages of project delivery. During the Define and Execute stages, the Checks and Balances become much more tangible as the risk profile of the project peaks: How does the value of the disciplinary skills shift during these phases? Money is being spent at a significant rate, How can one manage the selection of best-in-class options and budgetary and schedule management?