Title : Project complexity in oil & gas: The missing link between business case and execution
Abstract:
Enterprises in the oil and gas sector face increasing challenges due to growing project complexity driven by technical, organizational, external market conditions, and environmental factors. These complexities significantly impact project feasibility, cost estimation and strategic alignment. Yet, during business case preparation, complexity is often overlooked unless a structured approach is in place. This research introduces a quantitative model to assess project complexity in the oil and gas sector, offering a structure methodology to refine conceptual estimates, economic evaluation and sensitivity analysis.
By implementing a measurable framework rather than relying solely on subjective assessments, enterprises can better anticipate project challenges, establish realistic expectations, and improve decision-making. This model empowers planners, business developers and projects managers to integrate complexity considerations from the outset, enhancing project execution strategies and risk mitigation.
Audience Takeaway:
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Attendees will gain insights into a systematic approach for quantifying project complexity, enabling them to integrate complexity assessments into early-stage project evaluations and business case development.
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The proposed model provides business developers, enterprise planners, and project managers with structured framework to improve accuracy in feasibility assessment and enhance project management within investment programs
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By applying a data-driven approach, this methodology reduce uncertainty in project evaluations, improves risk assessment, and streamlines projects approval process
