Methodology for Project Evaluation
Master thesis
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http://hdl.handle.net/11250/2411362Utgivelsesdato
2016-06-15Metadata
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Sammendrag
Recent studies reveal that the offshore projects undertaken on the Norwegian Continental Shelf failed consistently to deliver on time and budget. The study performed by Norwegian Petroleum Directorate (NPD) confirms major cost & schedule overruns.
It was identified that numerous International oil and gas projects faced similar challenges in meeting the budgets and schedule. In spite of having various project management techniques, the oil companies (operators) still experience challenges to track the project deliverables.
With the current lower oil prices, executing projects on time (OTD-On Time Delivery) according to the agreed budget is the need of the hour for the Norwegian oil and gas industry.
This thesis looks into developing a methodology to track the projects and handles various project issues early so as to manage effective project deliveries.
This study identifies various key issues that have promoted project failures in different project phases on an EPCIC project model. This thesis shows how to effectively capture the project issues and enhance overall project performance.
This thesis covers various critical parameters that need to be managed in various phases of the EPCIC project. This thesis thus proposes a project evaluation methodology through using a “stage gate” criteria and also proposes a project model that could effectively manage the projects.
Beskrivelse
Master's thesis in Offshore technology: Industrial asset management
Utgiver
University of Stavanger, NorwaySerie
Masteroppgave/UIS-TN-IKM/2016;Beslektede innførsler
Viser innførsler beslektet ved tittel, forfatter og emneord.
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Project Risk Management : a study on the risk management approach utilized by ConocoPhillips Capital Projects
Anders, Bjelland (Masteroppgave/UIS-TN-IØRP/2012;, Master thesis, 2012)The oil and gas industry on the Norwegian continental shelf is currently experiencing a record-breaking activity level and optimism fueled by high oil prices and major new discoveries made during 2011. The total investments ... -
Review and recommendations of technical and organizational project execution: the case of the MEG project
Kristin, Vedøy (Masteroppgave/UIS-TN-IKM/2014;, Master thesis, 2014-06-16)With the growth in technology, projects and organizations today, many companies are struggling with the project execution process. The project execution process have to be both cost- and time-effective for companies to ... -
A quantitative analysis on the effect of firm and project characteristics in FHF funded R&D projects
Nakken, Elisabeth; Gjerstad, Jon (Master thesis, 2018-08-15)Spending more than 200 million NOK annually on innovative research and development projects, FHF is a primary provider of funds for projects in the seafood industry. Being entirely financed through a tax levied on all ...