Achieve alpha performance in a capital-constrained environment: Designing a successful development program requires an understanding of how the pieces fit together. This is the second of a two-part series

摘要

Last month, we looked at how the justification for capex investment for development programs resides in the way in which a project is designed, planned, and executed. The case for more rigorous project planning and execution can be seen in the difficulties companies are having in allocating the capital for projects now that would have been approved a couple of years ago. Ideally, if the project team has a firm grasp on how to shepherd a fully integrated development program from planning to execution to sustainability, dips in the price of oil or natural gas won't create the internal havoc that has characterized the last year for some companies.