TITLE

Developing Multi-Attributes Portfolio Selection Model For Downstream Oil & Gas Projects

AUTHOR(S)
Milza, Rico
PUB. DATE
September 2016
SOURCE
PM World Journal;Sep2016, Vol. 5 Issue 9, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
There are numbers of decision models available for evaluating and selecting potential projects within a corporation, from qualitative to quantitative. Each company, including Indonesian National Oil Company (NOC), should have its own version of a selection model that will allow them to make the best choices among alternatives within the usual constraints. This paper developed a multi-attributes selection model for downstream projects within Indonesian NOC. The selection model uses single dimensional and multi-attributes value for selecting potential projects. In this paper, the Author demonstrates the development of a multiattributes selection model using following attributes: Financial (NPV and ERR), Contribution to strategy (Strategic plan and Market Development, and Risks (Probability of Product Success and Influence of External Factors). After that, optimization model applied using multi-attributes value and added some specific constraints such as budget constraints, project constraints, and resources constraints.
ACCESSION #
118045489

 

Related Articles

  • IRAN'S UNDERSEA OIL CHALLENGE.  // PM Network;Aug2012, Vol. 26 Issue 8, p9 

    The article discusses the project management opportunities and management risks associated with the 2012 discovery of oil reserves in the Caspian Sea by an Iranian drilling team that was looking for natural gas.

  • Modeling Foreseeable Risk Factors Affecting the Contractor's Profit in the International EPC Project. Yun-hua ZHANG; Jing-chun FENG; Xin-peng LI // International Journal of Simulation -- Systems, Science & Techno;2016, Vol. 17 Issue 37, p29.1 

    It is generally accepted that risk management is an important issue in project management, especially for contractors in the international EPC project. This paper aims to develop a systemic decision framework for contractors to address the foreseeable risk factors affecting the profit...

  • Country Overview.  // Indonesia Country Review;2011, preceding p1 

    The article presents a country profile for Indonesia, highlighting the country's well-balanced economy will all major sectors and its membership of the Organization of Petroleum Exporting Countries (OPEC).

  • Project Management Explained Simply.  // Project Management Explained Simply;Feb2012, p1 

    Video Length: Two minutes and 42 seconds. Make sure your project has the best chance of success with these tips on planning and project management.

  • Key Ideas for Managing Activity Risks.  // Identifying & Managing Project Risk;2003, p217 

    The article presents key ideas in managing activity risks including the identification of root causes, the avoidance of risk when feasible, and the documentation of risk planning.

  • Industry Events.  // Contract Pharma;Jan/Feb2017, Vol. 19 Issue 1, p83 

    A calendar of pharmaceutical industry events to be held from January 24, 2017 to March 3, 2017 is presented which includes Risk Management within the Project Management; the Annual Managing Outsourced Clinical Trials; and the Annual Clinical Trial Forecasting and Budgeting.

  • KEEPING CHAOS OUT OF COMPLEXITY. SWANSON, SANDRA A. // PM Network;Aug2012, Vol. 26 Issue 8, p56 

    The article discusses the problem of complexity in project management, and offers suggestions for minimizing problems and risks caused by unforeseen interactions between project elements. The importance of flexibility and adaptability are emphasized, and advice including maintaining strong...

  • DEFINE YOUR PROJECT – REDUCE THE RISK. Philipenko, Ray S.; Acharya, Jayant N.; Srivastava, Prashant // Cost Engineering;Jul/Aug2012, Vol. 54 Issue 4, p25 

    Poor project scope definition is known to be one of the main causes of project cost growth, schedule slippage and operational issues. Some scope definition evaluation methodologies or tools are available in industry; however, the only known tool specific to the pipeline sector is proprietary and...

  • PRECONSTRUCTION PHASE RISK ASSESSMENT FOR GMP CONTRACTS. McDowell, Mark P. // Cost Engineering;Sep/Oct2012, Vol. 54 Issue 5, p21 

    Project owners continue to be challenged with cost and schedule uncertainty in project development and seek more assurance through the use of various project delivery methods. The purpose of this article is to introduce project owners to a variety of project controls tools available to them and...

  • Estimate Accuracy: Dealing With Reality. Hollmann, John K. // Cost Engineering;Nov/Dec2012, Vol. 54 Issue 6, p17 

    This article reviews over 50 years of empirical cost estimate accuracy research and compares this reality to common but unrealistic management expectations. The empirically-based accuracy research of John Hackney, Edward Merrow, Bent Flyvbjerg, and others on large projects in the process...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics