Managing the Impact of Change in the World of Major Capital Projects

摘要

The oil and gas industry is investing heavily in capital projects with a view to finding more recoverable reserves. Upstream global investment reached $450bn in 2009 and much of this investment was in risky frontier locations. The high-value contracts that underpin this investment differ significantly from contracts that support on-going operations. To date, contract management software solution providers have focused on designing solutions to support contract management activities in operating environments. Whilst these solutions have proven return on investment in an Operations environment, they are inadequate as support tools for managers of capital project contracts.