Project Management Life Cycle model for the Selective Maintenance method in Oceaneering
Master thesis

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Date
2019-06Metadata
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- Studentoppgaver (TN-ISØP) [1597]
Abstract
The purpose of this thesis is to evaluate and analyze the company’s current project model, and further assist in the work of studying and identifying a suitable Project Management model for the maintenance method Selective Maintenance (SM). The company consider using the SM-method to optimize their current maintenance method and reduce operational costs. In regard to the number of companies that performs maintenance services in the oil and gas industry, it will be important for Oceaneering to remain competitive in this marked. By being innovative in relation to developing better methods, both in terms of using new strategies and analyze how these can be used in the project execution, can this contribute to increasing the demand of the company’s services.
The report addresses Oceaneering as a business unit, the Asset Integrity department at Forus and maintenance projects that they execute. Furthermore, the report introduces relevant theory related to Project Management and the Selective Maintenance method. The methodology in this report is based on the theory examined by the group and quantitative and qualitative research methods have been used, a so-called Mixed Method research. The data collection methods in this report are mainly literature research, observations and interviews. Furthermore, these data are analyzed using a cross-case analysis, Gantt-chart, cost estimation and SM algorithm.
In the group’s results, it was decided that the PMLC-model, Adaptive Project Framework (APF), was a suitable model to use in the execution of a Selective Maintenance pilot project. Various functionalities, activities and solutions for executing such a project have been evaluated, defined and elucidated in this report. Included in the group’s work, a technical evaluation of the SM-method performed by developing an algorithm with reliability calculations that Oceaneering can use in the execution of the pilot project. Furthermore, the group’s analysis has highlighted several factors that should be emphasized and focused on in the report and included them in the Project Management model.
This master thesis provides a general basis for the execution of a pilot project with the SM method.
Description
Master's thesis in Industrial economics