W4 _ Abdullah Al Ansari _ Minimize Project Management Documentations.

POSTED ON Monday, 29 Aug 2016, 16:00 BY Abdullah Al Ansari

 

  1. Problem Definition

Project management does require the production of some paperwork and this does include some information that can be used for protection when there is a problem. We must not forget that there is always the risk of failure and the potential for things to end in the courtroom.

       2. Identify the Feasible Alternative

The key documents for the Project Management are:

  • Project Plan.
  • Goal Log.
  • Risk Log.
  • Issue Log.
  • Action Log.

 

3. Development of the Outcome for Alternative

Project Plan contains the dates of all appointments, consultancy sessions, development work etc. It should be used to allow the project manager to understand when the project is on track and when there have been slippages. It should also plan for the delivery of products necessary to the project.

Goal Log allows the team to understand the problems they are trying to solve. They provide an insight into the customer’s business. They allow visibility of goals achieved during a project. In short they are essential.

 Risk log should be created as a single document with the risk, the agreed actions and the impact if the problem occurs. Everyone should be aware of this document and it should be maintained constantly. One line per risk should be suitable; a new document per risk is generally overkill.

 

  1. Selection of Criteria

Face to face status reports could happen in a staff meeting, but more likely might occur in a hallway or when you stop by your boss’s office to check in on another topic. When you deliver status verbally, stick the recommended format. First, provide overall information such as project health, % complete, % target complete, number of days ahead or behind schedule. Tell what milestone you are in, and what next steps are. If asked, go into a very crisp description of the most important issue that is outstanding on the project. The biggest point to remember about verbal status is to keep it concise.

Over the Phone is the same rules apply over the phone. Consider a conference call to be the same thing as an in person meeting around a table. A one on one call is the equivalent to any face to face meeting. Be brief. Since you are not in person, you can use a script or a one page status report for a reference source without revealing that you are doing so.

E-mail is by far the most powerful tool for providing project status. There is one big mistake that separates e-mail from all other communication channels. E-mail provides the ability to attach documents; so many project managers will attach one or more files, usually a combination of documents such as a presentation with multiple slides and a spreadsheet with multiple tabs.

  1. Analysis of the Alternative.

Most managers will never open up your attached documents in e-mail if the status is not in the actual body of the e-mail message. The subject line of your e-mail should be very relevant to the project. Put the project’s official name in the subject line along with the project ID number from your tracking system, if there is one. This helps management sort your status reports easily in their inbox after they have filed them away. Try to use the same subject from one e-mail report to the next.

  1. Selection of the Preferred Alternative.

Send status reports in e-mail as often as the project events require. If the project is green and not on your boss’s top ten lists, then you might never send project status upstairs as your project cruises to easy completion without management assistance. If you have a high visibility project with a gigantic budget, a massive cross-functional project team, and multiple executive participants, then your status should appear in e-mail to all participants and your boss regularly.

      7. Performance Monitoring and the Post Evaluation of Result.

Sending out effectively organized status which is well composed allows management to quickly consume what they receive passively rather than working long hours to call around, send messages, and slowly gather up information. This allows for the avoidance of much frustration on management’s part and makes you a project manager worth your weight in gold.

 

 

 

 

 

  1. References
  1. Jodi Sorensen (2013, July). How to Create a Gantt Chart in Excel Retrieved Aug 04, 2016, from http://www.smartsheet.com/blog/gantt-chart-excel?page=27
  2. Chart Director (2008, December). Simple Gantt Chart. Retrieved Aug 04, 2016,, from http://www.qrb-bw.de/pdf_pool/pythondemo/cdpydoc/gantt.htm
  1.  (2013, August). How to Create a Gantt Chart Using Microsoft Excel. Retrieved Aug 04, 2016,, from http://www.projectsmart.co.uk/creating-a-gantt-chart-using-excel.php

W2_SAUD_ Estimating the cost of new well test unit using Parametric Estimating Method

POSTED ON MONDAY, 29 AUGUST 2016, 13:06

 

  1. Problem Definition.

Company’s investment enlarge rapidly and the number of wells require to test is increasing steadily. Therefore; the decision was made to utilize well testing unit into 2 categories, 1st category is to use as early production unit and 2nd category is for data acquisition of the existing well and newly drilled wells.

 

  1. Feasible Alternative.

When there is limited information to get the estimation cost of well test unit. Parametric Estimating is a technique used for estimating the cost, uses a relationship between variables (a unit cost/duration and the number of units) to develop the estimate.

 

  1. Development of the Outcome for Alternative

Based on the market survey and 2015 estimated cost for the main facilities required for mobile production / testing facilities as following table:

 

 

ITEM EQUIPMENT SPECIFICATION QTY. Estimated Cost  ( USD)
1 3” ESD  Valve 3 1/6” 5 K – Sour service. 1             18,000
2 3” Choke Manifold 3 1/6” 5 K – Sour service 1           150,000
3 3-Phase Test Separator 42” x 10’- 1440 PSIG –  – Sour service 1           300,000
4 100  BBL Surge Tank 50 psig – One compartment – Sour service 1           110,000
5 ESD Panel 10 K-Single with dual pump 1             60,000
6 Surface Pressure/ Temperature  Recorder 3-pen, 5,000 psi, 250 F chart recorder installed upstream of choke manifold. 1               3,000
7 Tool box 3- cabinet for tools 3             10,000
8 Flare lines 20’ /30 ‘ long – 3” pipes FIG1502 HU – 2 K 1 Set             90,000
9 Pressure Test  skid Should be rated to 5000 Psi to test all surface Equipment on site. 1             90,000
10 Chemical injection pump Another pump used for H2S treatment 1             75,000
11 Oil Manifold Consists of header and group of valves to divert the oil to Burner or storage tanks and shams flow line. 1             15,000
Total Cost         921,000

 

  1. Selection of Criteria.

Parametric technique is used in order to estimate the cost of another well test unit plan to purchase this year considering the following assumptions:

 

Parametric technique    Value
C2=C1*[Q2/Q1]^X
C1 : Known Cost from Market Survey 921,000
C2: Unknown Cost for new Test Unit 921,000
Q1:Size of Unit based on Market Survey 1
Q2:Size of Required Unit 1
X : Histirical Scale of Operations Factor 0.65
CI1 : Cost Index based for Time for the benchmark Unit (Aug_2015) 1117
CI2 : Cost Index based for Time for the Required Unit (Aug_2016 ) 1340

 

Adjust the value for time: 921,000 * (1340/1117) = 1,104,460 USD

 

 

Note: CI1 &CI2 obtained during Aug’15 & Aug’16 respectively reference to the value of US Dollars based on gold price. I.e. how much gold (in oz) can the same amount of US Dollar. Purchase every year. The below graph show that gold has reliable and stable value:

 

GOLD PRICE

  1. Data Analysis

 Using parametric technique shows that purchasing a new well test unit with the same size of previous unit with respect of time change will cost roughly 1,104,460 USD.

 

  1. Selection of the Preferred Alternative.

The results getting from the parametric techniques will be a good reference value use to compare with other values provide by bidders when they will submit their offers. However; still essential to test other techniques used for cost estimation which may consider other factors not being considered in parametric technique.

 

  1. Performance Monitoring and the Post Evaluation of Result.

The outcome of this analysis will be used as a baseline for actual offers to in order to get the most reliable cost of well test unit.in addition, this technique is need to be tested against other estimating techniques which will cover for other blogs.

 

  1. References:

 

  • Exploring Gold as Alternative Currency for Future Cost, Estimation in Telecommunication Projects, , Retrieved August 29, 2016 from

http://pmworldjournal.net/wp-content/uploads/2012/10/PMWJ4-Nov2012-SELLAPPAN-Gold-AlternativeCurrencyForProjectEstimation-Featured-Paper.pdf

 

  • Exploring Gold Equivalency for Forecasting Steel Prices on Pipeline Projects, Trian Hendro Asmoro, CCE, Retrieved August 29, 2016 from

http://pmworldjournal.net/wp-content/uploads/2013/05/pmwj10-may2013-asmoro-gold-equivalency-for-forecasting-steel-prices-FeaturedPaper.pdf

 

 

  • ESTIMATING – GETTING IT RIGHT ACES PRESENTATION 19TH MARCH 2013 Retrieved August 29, 2016, from

https://www.engineersaustralia.org.au/sites/default/files/shado/Divisions/Victoria%20Division/Groups/ACEs/aces_estimating_getting_it_right_march_2013.pdf

 

W2-Said- Stakeholders Management strategy

Some of the Project in Oil & Gas industry get delay or cancelled according to stakeholder influence and objection. To avoid all the risk of stockholder objection the investors has to know the power, influence and interest of each stockholder in the project.

W22.png

Figure No 1.

2) Development of the feasible alternatives

Referring to Figure no.1 Stakeholder is anyone that has interest or concern in an organization either directly or indirectly, Stakeholders can affect or be affected by the organization’s actions, objectives and policies.

A)         Step – Identify Stakeholders

The first step in Stakeholder Analysis is to brainstorm who is our stakeholders. Who have influence or power over it, or have an interest in its successful or unsuccessful conclusion.

B)          Step 2 – Prioritize Stakeholder as per figure no 2 below.

w3.png

Figure  No 2.

C)    Step 3- Understand the key Stakeholders is to develop a good understanding of the most important stakeholders as per Figure no 3 below.

w4.png

Figure No 3.

3) Possible solution

The Stakeholder Analysis tools allows the investor to understand the influence and power of each stakeholder in the project and how to manage them and their interest to win their support.

4) Selection of Criteria.

The investor has to take in consideration the power and interest of each stakeholder and satisfaction by analyzing their influence

5) Analysis and Comparison of the Alternative

This can be done as follows:

  • High power and interested people: These are the people you must fully engage and make the greatest efforts to satisfy.
  • High power but less interested people: put enough work in with these people to keep them satisfied, but not so much that they become bored with your message.
  • Low power but interested people: keep these people adequately informed, and talk to them to ensure that no major issues are arising. These people can often be very helpful with the detail of your project.
  • Low power but less interested people: again, monitor these people, but do not bore them with excessive communication

6) Selection of the Preferred Alternative

The high power and interested stakeholder are the most effective so these must be fully engaged and they have to be satisfied at all times. Refer to figure no.3.

7) Performance Monitoring and the Post Evaluation of Result.

Stakeholder is the key player of any project where the investor has to analyze them before even thinking about any project. The power and interest of stakeholder will affect the project implementation and the investor need to categorize the stakeholder position in each stage accordingly.

8) References

Stakeholder introduction retrieved June 12, 2014 from http://www.tutor2u.net/business/strategy/stakeholders-introduction.html

Stakeholder analysis retrieved June 13, 2014 http://www.mindtools.com/pages/article/newPPM_07.htm

Stakeholder and their objective retrieved June 13, 2014 from http://www.dineshbakshi.com/igcse-business-studies/business-activity/revision-notes/1257-stakeholders-and-their-objectives