Understanding the Heuristics of Project Management in Canadian Oil Sands

摘要

Canadian Oil Sands industry has been at the crossroads. While Canada’s rich natural resource endowments have provided an unparalleled economic opportunity, an array of policies, lack of strategy on part of government and businesses in developing these resources leave the companies ill-equipped to respond to a rapidly changing competitive environment. Project planning in Canadian Oil Sands industry in general has been very cyclical with no secondary paths of load bearing. Coupled with unprecedented turmoil in the financial markets in recent years, there has been a fundamental restructuring of the industry.