MG/EC 366 - International Project Management and Petroleum Economics
Understanding international project management provides crucial insights into operations in a wide range of industries. This course offers a hands-on overview of international project management and economics using actual business situations of project management in petroleum management and economics. It is designed to communicate the fundamentals of successful international project management; to provide essential and best practice guidelines on international project management; to offer work on team based international projects; and to explain the project process from initiation through planning, execution, and closing.
International management theories are applied to practice in order to transfer a basic understanding of the principles of economics in petroleum management in the oil and gas industry, especially in the area of exploration and production. Students will learn how to do economic analyses of petroleum exploration projects and how business decisions are made on a practical level. Benchmarking, the competitive process of comparing the performance of one company to another in the field of project management, as well as a field trip round out the course.