Business Strategy: Capital Project Management in the Oil and Gas Industry

Business Strategy: Capital Project Management in the Oil and Gas Industry published by IDC Energy Insights in August, 2010. This report consists of Pages: 30 and the price starts from US $ 4500.

Introduction

Abstract

This IDC Energy Insights report examines the benchmark study conducted by IDC Energy Insights regarding the maturity of information technology (IT) systems at oil and gas companies to manage large capital projects at an enterprise level. Oil and gas companies are dependent upon business processes and IT systems to execute large capital projects.

According to Catherine Madden, senior research analyst, IDC Energy Insights, "Oil and gas projects are becoming more technically difficult due to geographic location and fewer skilled resources, and an advanced approach to large capital project portfolio supports a comprehensive assessment of risk and opportunity for an oil and gas company." While oil and gas companies are more advanced than other energy industries such as utilities in their business processes and IT systems for large capital projects, the level of capability is, in many cases, still limited within business units and not enterprisewide. Information technology can help optimize capital project management in the oil and gas industry.

Table of Contents

• IDC Energy Insights Opinion
• In This Study
• Methodology
• Situation Overview
• Business Challenges
• Establishing Effective Resource Planning
• Management of Portfolio of Projects
• Lack of Centralization
• IT Challenges
• The Approach
• Analysis of IT Systems and Applications for Capital Project Management
• Enterprise Architecture
• Application Integration
• Project Portfolio Management
• Enterprise Content Management
• Business Analytics
• Analysis of Capital Project Management by Company
• Company A: Leading in Enterprise Content Management
• Company B: Leading in Project Portfolio Management
• Company C: Lacking Systems and Applications to Be Competitive
• Company D: Advanced Application Integration Supports PPM
• Future Outlook
• Mitigating Risks and Lowering Capital Costs
• Web Portals Driving Collaboration and Eliminating Delays
• Essential Guidance
• Actions to Consider
• Learn More
• Related Research
• Synopsis
• Table: Survey Respondents' Profile
• Figure: Capability Maturity Model
• Figure: Approach to Enterprise Architecture
• Figure: Enterprise Architecture Capabilities
• Figure: Approach to Application Integration
• Figure: Application Integration Capabilities
• Figure: Approach to Project Portfolio Management
• Figure: Project Portfolio Management Capabilities
• Figure: Approach to Enterprise Content Management
• Figure: Enterprise Content Management Capabilities
• Figure: Business Analytics Capabilities
• Figure: Summary of Survey Results

Related Reports