Project Management: Oil Industry Room For Improvement ...

Project Management: Oil Industry Room For Improvement: Via Financial Times: Project delays drive up price of oil

Carola Hoyos reports on research by Sanford Bernstein that identifies gaps in the project management performance of the oil industry, which results in less capacity and higher prices in this supply-constrained environment. So, conserve. And, watch those earned value indexes on the oil industry capacity-expansion projects ...

... "The industry is truly dreadful at project management, or at least at predicting the timing of project start-ups. The amount of production growth that has been lost to projects being delayed over the past few years is stunning, over 2m b/d 2.3 per cent of expected global production in 2007 ... " ...