Review and recommendations of technical and organizational project execution: the case of the MEG project
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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 survive in the oil and gas industry the way the market has evolved. The scope of this thesis is to analyze and evaluate how a chosen service company in the oil and gas industry can improve project execution in large complex projects, with main focus on the technical and organizational execution phases. To be able to understand how projects are being executed, a large complex project from a oil service company has been selected and used as an example and basis for comparison. The challenges in the project process for the chosen company have been related to internal dynamics, available capacity, experience of the resources, and other internal changes. Many different theories and methods have been developed in order to improve quality, safe and secure execution of projects, effective decision making, and the project organization. Some of these methods and theories have been explained, and in order to evaluate how the theory can be used in practice, the chosen methods and theories have also been compared to the chosen project. This has been done in order to create a clear picture of the differences between theory and practice. In addition to the comparison of literature and the practical project execution process, the opinions of the project resources have also been reviewed. The resources involved in the project have given feedback and experiences from the project execution, which has been evaluated and analysed in order to ensure that the most time- and cost-effective improvement suggestions are highlighted. One of the main goals of the evaluation and analysis performed was to use the general theories and methods, the comparison with the project, and the feedback and experiences from the project organization to create recommendations for the chosen service company. The goal for the recommendations was to clearly highlight improvement areas in order to ensure more timeand cost-effective project execution in the technical and organizational project phases. The recommendations are based on how to improve the day to day work situation for people involved in project execution processes. There is a focus on how to implement changes that can lead to great improvements for the employees. None of the recommendations suggested will lead to major costs for the company. The recommendations given will not only improve the day to day work for the employees, it will also be beneficial for the company in the market competition.
Master's thesis in Offshore technology : industrial asset management *KAR OK KONF 2016*
UtgiverUniversity of Stavanger, Norway
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