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 projects requiring high investments, as for example building a new facility or field development, within energy are:
- Complex
- Large
- Extensive use of digital tools and methodologies
- Long lead time from feasibility to operation
- International
- Several stakeholders such as partners, sponsors and contractors
A key element in project success is achieving satisfactory project management and governance. The course focuses primarily on the perspective of the project owner, also referred to as the project client or employer. In energy projects, the typical owner is a utility investing in a portfolio of strategic investments to carry out its operations, including power plants, pipelines, and research and development.
The course provides the principles and tools for selecting the most suitable project proposals, implementing the project governance, and controlling the development of such projects.