Dated but useful article on oil and gas projects
Tom KirkmanIndependent Project Manager
Here’s an article that is a few years old, about improving performance specifically for Oil and Gas projects.
Still (mostly) valid today.
If this is in your wheelhouse, try giving it a read.
#ProjectManagement #OilandGas
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“Management practices and digital technologies used by other industries can help oil and gas companies boost capital-project productivity.
… O&G companies can use management practices and digital technologies deployed by other industries to boost capital-project productivity.
Project Production Management (PPM), digitizing processes, advanced analytics, and agile ways of working can all yield significant improvements.
But simply copying such practices won’t be sufficient because O&G projects are unusual in some important respects.
In particular, no O&G project is the same as the one that preceded it, and lead times are extremely long.
Moreover, team personnel often change with the project.
Consequently, each new project brings a new set of challenges and a new learning curve, thus limiting the potential for boosting performance.
If O&G companies can adapt these practices to meet the needs of their unique environment, considerable improvement is possible: by our estimate, reducing development time alone has the potential to deliver 15 to 30 percent in cost savings.
As more typical installations and technologies become more commoditized, O&G players that don’t revamp their approach to capital projects now may be forced into ever more technically specialized—and often costlier—projects.
The potential benefits could be worth billions.
… The time is right for O&G companies to rethink the way they carry out capital projects.
Opportunities to improve productivity exist all along the development and construction cycle.
Companies that seize them can complete construction projects faster, reduce costs, and improve schedule predictability.
This will be a long journey. Product owners will need to lead the way: As the ultimate integrators of most projects, they are in a position to mandate standards, technologies, and working practices. …”