Strategy Execution & IOCs Partner to Develop Local Content & Capacity in Project Management
Case Study: Implementing a Long-term Solution for IOCs to Bridge the Skills Gap
Many International Oil Companies (IOCs) continue to turn to remote and previously underdeveloped regions of the world in search of new markets, new opportunities and new reserves of natural resources. A key challenge is the availability of local staff and suppliers with the right skills and expertise as these regions have labor markets that struggle to keep pace with the demand for qualified staff.
This delta between the capability of local and expatriate resources is known as the “skills gap” and the situation is particularly stark in the area of project management (PM). The creation of local PM Colleges established in partnership between the IOCs, a local high-profile University and Strategy Execution helped to resolve these challenges. A PM College is designed to provide world-class education and training, leading to internationally recognized certification, for local project managers in emerging oil and gas, exploration and production markets where there is heavy foreign investment.
This Strategy Execution-IOC case study discusses:
- The benefits of using a PM College as a training solution–not only for IOCs, but other industries as well
- Developing content in local languages in order to create a self-sustained program
- Results of an impact survey to validate the effectiveness of the PM College program
Through the PM College, Strategy Execution provided a comprehensive project management instructor-led training program consisting of seven individual modules, delivered over a period of 12 months.