Course objectives: Students will learn to present the fundamental terms regarding investment projects in energy sector and project management, define the project and possible ways of project launching, describe the project life cycle, plan a project, manage the time schedule, describe the implementation, supervision, and control of the project, present the fundamentals of human resources management in energy sector, compare the risk assessment methods and finally, quantify the risk and uncertainty in energy projects.

Course content: 

1. Fundamental terms regarding investment projects in energy sector and project management:

• Definition of the project, results of the project, project management;
• Projects characteristics;
• Examples of projects;
• Characteristics of project management;

2. Project in energy sector and possible ways of project launching:

• Definition of the project scope;
• Viability and selection of a project;
• Cost-beenfit analysis: NPV, IRR, ROI….

3. Project life cycle in the energy sector:

• Processes in a project life cycle: initialization, planning, execution, surveillance and control, closing;
• Project life cycle models: traditional, extreme, agile,
• Emertxe; linear, incremental, iterative adaptive;

4. Planning an energy project:

• Planning processes;
• Work breakdown: completion check;
• Duration, resources and costs estimation: procedures of each activity duration estimation, determination of resources;

5. Time schedule management:

• Elements of a time schedule;
• Making and analysis of a time schedule;
• Time schedule compression;
• Different scenarios analysis;
• Resources balancing;
• Gantt chart;

6. Execution, supervision and control of an energy project:

• Execution processes;
• Supervision and control of the execution;
• Cost control;

7. Human resources management:

• Hiring and work organization;
• Business decision making;
• Delegation;
• Conflict management;
• Communication management processes;
• Negotiation;
• Organizational culture;

8. Risk assessment methods and risk and uncertainty quantification:

• Different ways of risk level quantification;
• Application of risk analysis methods.

Learning outcomes at the level of the course:

• Check the compatibility of the energy project with strategic goals of the company;
• Select the appropriate project life cycle;
• Distinguish the project management methods and technologies;
• Use the project management tools;
• Design a project in the energy sector;
• Apply the stakeholders’ communication considering the project context and each stakeholder’s role;
• Apply the risk assessment in energy projects.