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Project Management in the Oil Industry Thesis

… Project Management in the Oil Industry

The oil industry has had to adopt various tools in order to survive intense competition in the international market. Conservative efforts to get more profits and gaining customers by relying on size and strength are no longer applicable and only those companies who have successfully implemented project planning and management have been able to get an edge in this industry. Project management is typically a repetitive cyclical procedure which includes planning, implementing and controlling a series of tasks. Project planning and management consists of various processes which can be broadly placed in two parts. These are (a) Process designing to get the desired result, and (b) preparing a schedules and budget for the process. Process definition involves definition of…. [read more]


Portfolio Management Term Paper

… " Tools utilized by AAA Northern California included: (1) A Guide to the Project Management Body of Knowledge; and (2) PMI's Project Management Professional credential. The foundation of AAA Northern California portfolio management was based on the following: (1) program and project alignment with the strategic goals of the organization; (2) the enterprise's operational capacity to deliver on the projects and programs proposed; (3) the impact of change and the organization's ability to absorb the results of successful execution of the programs and project; and (4) making sure the organization realizes the promised benefits to the organization of strategic investments. Coordination of available resources resulted in the ability to make the determination of projects that were higher in priority and return and to allocate the…. [read more]


Distributed Order Management Systems Term Paper

… ¶ … Management

Distributed Order Management Systems

Theoretical or Conceptual framework

Questions addressed

Data analysis, discussion and results

Including discussion of any limitation(s))

DDSN Characteristics

SPSS Regression Statistics on DOM Investment by Velocity of Pricing

Common Order Management Module Functions

Overlaying Business Process steps with order management components

Distributed Order Management Hierarchical Model

Distributed Order Management (DOM) Conceptual Framework

Distributed Order Management (DOM) Conceptual Framework Specifics

ATP

Available to Promise; is a measure of a supply chain's ability to report back when a product can be built

APS

Automated Planning and Schedule - a type of application used for planning production.

BTO

Build-to-order; a product strategy aimed at creating customized products where 30% of product content is custom. Appendix IV defines this concept graphically.

Configurator…. [read more]


Risk Management Project Essay

… All team members must also, of course, ensure that they are utilizing resources and their own time effectively and as planned for by the organization/project leaders in order to ensure that the parameters of the project and its objectives and methods remain relevant and realistic (PMIS 2001).

Case Study

One recent business endeavor that has been in the public eye for quite some time, though it has been under less media scrutiny in the past few weeks than it was earlier this year, is the major outpouring of oil and natural gas from a well-known as the Deepwater Horizon in the gulf of Mexico. Though looked at more for its environmental impact and the commentary this spill and the response to it seemed to have…. [read more]


Jpk Management Leadership Understanding Roles Essay

… Thirdly, management is decentralized for less control over employee duties. Managers empower employees by giving more responsibility over daily tasks. The empowerment to make decisions at every level ensure input from any level employee. Fourthly, benefits are designed to support the employee over maximizing production through unfavorable work conditions.

Lower level needs refer to satisfying the most basic human needs, such as food, clothing, and shelter. Higher level needs are based on self-actualization or intrinsic needs to make a difference such as job satisfaction, making a contribution, leaving a mark, rewards for excellent performance, promotion, and peer appreciation. When a company such as JPKenny are concerned with the well-being of employees, they are satisfying lower level needs (French & Raven 1960). As groups are given…. [read more]


Safety Management Systems Audit Essay

… Incident Investigation

Proper incident investigation is completely essential with any engineering firm, because realistically speaking, incidents are going to occur. Investigating them properly helps all professionals involved better understand how they occurred in the first place and how best to avoid them. "All incidents, whether a near miss or an actual injury-related event, should be investigated. Near miss reporting and investigation allow you to identify and control hazards before they cause a more serious incident. Accident/incident investigations are a tool for uncovering hazards that either were missed earlier or have managed to slip out of the controls planned for them" (osha.gov). Essentially, what the OSHA department of the government is saying that incident investigation are vital so that they can be avoided in the future…. [read more]


Quality Management and Effective Cost Term Paper

… This analysis is based on theory for continuing empirical research to ascertain the successful models for a profitable business. Here it is suggested that the 5Ps model is sophisticated and efficient to give the organizations the results that they aspire for.

Chapter 2

Product Design

Theory of Product Design

Product Design normally follows the following stages.

a) Generation of ideas: These ideas can emanate from in-house R&D, develop from customer suggestion/complaints, from brain storming session with suppliers, evidence of competitors progress in the field development of technology reverse engineering or benchmarking

b) The product idea is then run through a feasibility study to checkout its concepts and compatibility with the market and economic sectors by conducting a strategic analysis.

c) Performance specifications are documented for…. [read more]


Management of Technology in Developing Peer Reviewed Journal

… Even after a country has taken steps to overcome these impediments, it may still find itself unable to effectively implement its industrial development policies or enjoy the benefits of globalization. This may be due to a group of impediments collectively referred to as "exogenous variables" in Table 1.1. These are "external" factors over which the country has no direct and effective control (Chua, 2010). The sources of exogenous variables are many and varied. As I have discussed, for weak states they may be associated with internal discord and the inability of the government to hold the country together let alone implement industrial development policies. They may be caused by acts of God, as often happens with small island and coastal states that periodically suffer from…. [read more]


Allegheny Management Issues Essay

… There have been questions regarding the legality of certain large-scale industrial practices taking place in the forest, and the Forest Service has had to contend with protests and interruptions of such activities as well as ensure the safety of the protestors and visitors during these periods (Hopey 2006; FS 2011). Maintaining a peaceful yet open dialogue with all concerned parties and citizens has proven to be a problem at times that management has had to contend with.

The actual management of the physical resources present in the Allegheney National Forest has also proved somewhat problematic, as the Forest Service does not have truly adequate funding or personnel to accurately track resources and the rates at which they are being used (FS 2011). Obtaining accurate data…. [read more]


Halliburton Management Analysis in Analyzing the Strategic Thesis

… Halliburton Management Analysis

In analyzing the strategic planning processes within Halliburton the company's global reach is taken into account in addition to legal, ethical, and corporate social responsibility (CSR) factors that influence the planning process. Halliburton is considered one of the world's leading oilfield services, oilfield recovery and oil industry services firms globally. Halliburton's core businesses force the company into situations that invite conflict of interest, and as a result, they continue to be investigated by U.S. Justice Department, be the subject of U.S. Congressional hearings, and often face probes into their efforts to reconstruct Iraq (Waxman, Dingell, 2004). This paper evaluates the planning function of Halliburton management in addition to analyzing the impact of legal issues, ethics and corporate social responsibility (CSR) within the…. [read more]


Project Management Term Paper

… According to its corporate profile, Keppel Offshore & Marine, integrating the experience and expertise of Keppel FELS, Keppel Shipyard, Keppel Singmarine and Keppel yards overseas, was established in 2002 (About Us 2004). Keppel Shipyard Benoi is a wholly-owned subsidiary of Keppel Corporation, one of the largest offshore and marine groups in the world. The company enjoys a strategic network of 16 yards serving regions including Asia Pacific, Gulf of Mexico, Brazil, Caspian Sea, Middle East and the North Sea (About Us 2004). The Keppel Shipyard (Benoi) specifications are set forth in the table below.

Yard Size

350,000 sq m

Berthage

1,163 m

Drydocks

No. 1 drydock

300,000 dwt

350m x 60m

No. 2 drydock

170,000 dwt

300m x 60m

Mooring Quay

No. 1 quay

Length…. [read more]


Management Solutions for Electronic Waste From Production to Trash Term Paper

… Management Solutions for Electronic Waste From Production to Trash

Looking for best management solution

Recycling modern practices

Economical model

Everyone would agree that a growing role of high technologies, modernization of existing technologies and introduction of new is the result of the dynamically changing society that lives in the age of technological progress. None could ever imagine in 1950 ies that in some five decades the role of electronics and high-tech would be so essential and vital for society in general that it will be the guarantee of future progress.

None would argue that electronics industry as every innovative industry comes with more complicated and powerful products quickly, changing obsolete equipment on new constantly, and leaving old electronics without any use. Here comes a question:…. [read more]


Creating Organizational Value Dissertation

… Considering the numerous parameters associated with a technochange atmosphere, there are certainly an immense array of company-specific considerations leaders must diligently manage. The term technochange itself, which was originally coined by Dr. M.L. Markus of the Claremont Graduate School in California, was created in an attempt to "capture the broad spectrum of aspects that are related to and have an impact on changes within an organization." Accordingly, the streamlining of the presumably intricate data fields of the relevant organization and its customer and/or investor pool, represents one such daunting but vital aspect for any manager under these circumstances (Dixon, 1999). One of the initial duties in achieving profitability through new systematic integration is leadership's extensive research and ultimate cumulative understanding of all pre-existing operational inputs…. [read more]


Workings of Forest Fire Management Systems and Urban Fire Departments Term Paper

… Forest Fire Management Systems and Urban Fire Departments

Forest Fire Management Systems

New Technologies

Urban Fire Department

New Technologies

Descriptive Statistics

Suppression Costs for Federal Agencies. Source: National Interagency Fire

Appendix II Figure 2. The tactical priorities of structural firefighting operations

Appendix III Figure 3. Fire Fighter Average Salaries for 2002 (Full Time)

Discussion and Study of Forest Fire Management Systems and Urban Fire Departments

Fire is a destructive force whether it takes place in a the forest or urban setting. A fire of any size causes costly damage to the environment, personal property and even human life. This paper acts as a discussion and study of fire management systems for both the forest and urban style of fire fighting. By studying fire management systems,…. [read more]


Innovation Management at Ford Motors Company Today Thesis

… ¶ … Innovation Management at Ford Motors Company

Today's business community is characterized by numerous novel features, such as an increased focus on customer satisfaction in detriment of production (proof being the incremental emphasis on services rather than manufacturing) or employee on-the-job satisfaction and the creation of a pleasant and challenging working environment in the detriment of a stressful and competitive workplace. Without denying the importance of these modifications, one has to note that the most important change in the contemporaneous society -- in all of its aspects, not just business -- has been that of the role played by technological developments. We meet with these modifications on daily basis and they generally improve the quality of our lives by simplifying and reducing our workload…. [read more]


Stress Management an Organization Starts Its Operation Term Paper

… Stress Management

An organization starts its operation with certain objectives in mind. The management of the organization adopts certain strategies and initiatives that contribute toward attainment of the objectives. The objectives shape the external policies of the company, external policy includes interaction and dealing with public, suppliers, governments, competitors, and taxation departments. The core of the external policy is the achievement of certain criteria within expected time period. The policy emphasizes more on production, minimum utility, maximum revenue collection and maximum profitability. These standards vary according to the nature and type of the organization, in case of service industry maximum production is replaced by 'maximum service offerings and maximum number of clients' (Evolution toward Fit).

On the sidelines of external policy, the organization implements internal…. [read more]


History of Management Accounting Term Paper

… The key with any information is to determine the audience, the need, how often and what's relevant. Over the years, performance reports have become very individualized. Senior executives know what information they need to see based on previous performance. Armed with this information, they can determine if production needs to be decreased, the sales force increased or a new advertising program implemented.

Businesses and markets are complex and constantly changing and over the years, management accounting systems have also changed. Technology has been the forerunner of change in the industry. Knowledge management has been a contributor and as technology continues to advance, management accounting systems will be able to provide a plethora of more in depth information for senior executives and lower-level managers alike.

In…. [read more]


Crisis Management the Prevailing Literature Term Paper

… Crisis Management

The prevailing literature on crisis management sheds light as to why crisis management remains a significant issue both at the micro-level (personal emergencies) and at the macro level (organizational or societal emergencies). The literature is divided and lacks clear focus and definitions, despite the efforts of some authors to provide this clarity. Different disciplines remain married to their own definitions of crisis and their own concepts of crisis management. Yet it seems clear that all crises have the same core components -- it is only the scope and setting that differ. Crisis, simply put, is a deviation from the expected norm that has a sense of temporal urgency and high negative consequence attached to it.

The literature hints at two specific means of…. [read more]


Ford Decisions Decision-Making and Management Research Paper

… Ford Decisions

Decision-Making and Management at Ford Motor Co.

Provide a description of the decisions managers make based upon the information that they have been provided with by the management accountants and the MIS.

Ford Motor Company has held itself in a position of relative insulation from the financial crisis which appears to have targeted the automobile industry with as much severity as any. However, this is mere presentation, with Ford struggling to find creative ways to present the balance sheet so as dissuade the view that its fortunes have declined with the economy. Today, as its contemporaries in Chrysler and General Motors have accepted massive bailout packages from the federal government, Ford's management has been forced to address decisions primarily based on accounting scenarios.…. [read more]


Risk Management in Petroleum Industry Case Study

… 1.5: Dissertation Methodology

Research methodology is a method this study will use in carrying out the data collection. The research will collect both primary and secondary data to complete the study. The quantitative statistical method will be used in collecting and analyze the data. The study will use descriptive statistics for data analysis and to summary all the data collected. This study prefers quantitative technique because it provides a reliable and valid method to test the significant of the chosen methodology to manage the risk within oil industry with special focus in Libya's National Oil Corporation. (Tewksbury, 2009).

The study will also collect secondary data from several academic databases which include Science Direct, Sage Publication, Wiley, EBSCOhost and Emerald Insight. The chosen database contains several…. [read more]


Construction Industry in Iran Problems and Possible Solutions Literature Review

… Construction Industry in Iran: Problems and Possible Solutions

The construction industry in Iran has been plagued by problems. The literature that has been created on this issue addresses the issues that Iran is facing in its construction industry, and discusses the major elements that are holding back those who want to build in the country. The delays in construction projects are long, and they are affecting the morale of workers and the patience of people who have contracted their projects out and wish to see them completed. In order to find solutions to the Iranian construction problems, it is first important to analyze all of them individually in order to determine which are the most significant and which are not as important in the overall…. [read more]


Applied Logistics and Supply Chain Management Dissertation

… ¶ … oil and gas industry in Libya is also directly reliant on global prices that are based on supply and demand; and any revenues generated at a given point in time depend in large part on how effective the supply chain is in mitigating the high costs of production and transporting the final product to customers. The purpose of this study was to provide a comparison between an American oil industry firm, Mobil, the world's largest publicly traded international oil and gas company in the field of supply chain management in the United States from the perspective of the Toyota supply chain approach. This analysis will then be applied to a Libyan oil industry firm, Alwaha, to identify best practices for Alwaha in developing…. [read more]


Multiple Chapters

… Oil

To what extent would the Nigerian local content law improve capacity building in the oil and gas sector?

Nigeria local content

To what extent would the Nigerian local content law improves capacity build in the oil and gas sector?

A rather simple definition of the term local content is; "…the use of local skills and materials in constructing and/or maintaining an asset or service" (Local Content) This includes aspect such as employment and skills development as well as the important aspect of local procurement of goods and services, and "….enhancing the capacity of local suppliers and contractors…"( Local Content).

Another definition that is often encountered in the literature is; "local content is building a workforce that is skilled and building a competitive supplier base"…. [read more]


Managing All Stakeholders Term Paper

… "The absorption of one company by another," Black's adds, "[with] the former losing its legal identity, and latter retaining its own name and identity and acquiring assets, liabilities, franchises, and powers of former, and absorbed company ceasing to exist as separate business entity" (p. 988).

In other cases, mergers and takeovers have appeared to be the result of opportunists looking for the quick profit; however, the consolidation of the highly complementary assets and resources of both of these giants will create some clear advantages for everyone concerned. Nevertheless, just as bigger may not mean better, merger may not mean advantage. In his chapter, "Technology Strategy: Collaborative Mode, V.K. Narayanan says that from a strategic viewpoint, collaborative mode is undertaken by firms when the economics of…. [read more]


Drivers of Using Biofuel Case Study

… At that point, bankruptcy would likely be the only remaining option, since the airline would not be able to switch back to petroleum.

This risk is emphasized also by existing competition in the airline industry: if all the airline companies would switch to biofuels, is there enough production to support. In the incipient phases, it is likely that it would not and it remains to be seen whether the industry has enough resources to pump into the innovation processes before going bankrupt, in order to obtain palpable results.

b. The risk of acceptance is reasonably high, especially because of the novelty of the idea and the spectrum of change it is likely to produce after its implementation. However, the customers are likely to accept and…. [read more]


Managing the Budget Process Term Paper

… Managing the Budget Process

REF.: INSTRUCTIONS FOR PREPARING THE 2006 BUDGET

The 2005 revenue figures have shown a remarkable increase since last year results during the same period. On one hand, these were generated by an increase in the price of crude oil barrel, which has attained levels of over $60 in the last couple of months. On the other hand, the management team has thought out a certain repositioning of the company, which meant that some of the other sectors where the company is operating, such as the chemical industry or the gasoline refining market, although less profitable than the crude oil extracting operations, have begun to show small financial profits.

In 2006, the operating revenues will probably remain subject to the same general…. [read more]


Leadership and Change Management Case Study

… They often fail through lack of senior management support and commitment, lack of vision and clear goals, poor training and inadequate rewards (Drew and Coulson-Thomas, p. 8).

A survey of 75 organizations in the UK ranging in size from 500 to 10,000 employees found that teams were most useful in "customer satisfaction, achieving total quality and overcoming departmental barriers," but less important in building relationships with customers or improving organizational learning (p. 9). Nor were they used during downsizing which si unpopular and usually carried out in secret by top management due to union opposition and bad publicity. Teams will generally not approve of downsizing that will result in job losses for colleagues, and in any case "many downsizings subsequently are regarded as failures" (Drew…. [read more]


Wipro Technologies and Six Sigma Essay

… TQSS Methodology -employed for defect decrease in Transactional procedures.

b. DMAIC Methodology -employed for process enhancements in Non-transactional procedures

(III) For Reengineering

a. CFPM Methodology - employed for mix functional Process mapping (Sharma et al., 2008).

The email list of gamers at Wipro includes:

Executive Management

Six Sigma Champions and Deployment Leaders

Financial Professionals

Black Devices

Eco-friendly Devices

Yellow Devices

Six Sigma ventures at Wipro include (see Exhibit 3):

(i) Driven by business heads, also known as Champions for that projects.

(ii) Brought by Eco-friendly Devices (GB)

(iii) Aided by Black Devices (BB)

The Control over the project at Wipro follows the next tools for implementation of Six Sigma:

Ideation

Definition

Selection

Monitoring

Confirming

Presently 15000 workers are been trained in Six Sigma methods. Wipro…. [read more]


Company Called Ypf Essay

… YPF must adequately teach its workforce and management how to embrace organizational culture change. This is because a successful adaptation to the changes to the organizational culture is very crucial for the present and future survival of YPF.

According to Mabin, Forgeson & Green (2001), resistance to organizational change can be classified into three main categories; these include individual, organizational as well as group. The organizational factors are derived from the threats that are caused by poor organizational structures and processes. Organizational culture change is a great threat to the social norms as well as group cohesiveness within the given organization. According to Bernerth (2004) personality traits are another source to resistance to culture change within an organization.

For YPF to succeed in the implementation…. [read more]


Furniture Bank Case Study

… Since the main project is to redistribute donated furniture's and households, the organization has proceeded by outlining that the reasons it deems relevant for the pursuit of the Furniture's and households.

Quality planning and control

Quality cannot be ignored at all cost by any business organization. Although quality has always been viewed as a customer's perception, an organization like Furniture Bank cannot ignore such, for reasons such as achieving a good bottom line. For Furniture Bank organization, defining quality is least of their worries since they have already researched their target market. However, the company has used a user-based approach in defining quality. This approach edifies the viability of the furniture's in regard to a market research that established that most of the clients prefers…. [read more]

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