By Ron Babich
It may feel like the oil and gas industry is in flux, but it’s still very much in growth mode. Strategic capital project management has never been more necessary on a large scale. Capital project management within the oil and gas industry has matured over the years through trial and error, and recently has zeroed in on planning and portfolios. Let’s look at why this shift is noteworthy.
Oil and Gas Industry Trades in Traditional for Technological
The oil & gas industry has been around for such a long period of time that most of its methods for project execution are rooted in the past. Until recently, project management has been handled off-the-cuff, with project managers eyeballing progress and making calls based on their experience, but not necessarily on facts. A few oil and gas groups are farther ahead of the methodology curve than their colleagues. However, those early adopters of technology have been finding that the older technology is difficult to assimilate with current technological solutions…
Head on over to Oil & Gas Monitor to read the entire article.
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