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Revitalising energy capital project development and execution strategies: lessons from the energy sector |
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| Authors: | Edward Godfrey Ochieng Andrew David Freeman Price Tarila Zuofa Charles Egbu Ximing Ruan |
| Institution: | 1. School of the Built Environment, Liverpool John Moores University, Byrom Street, Liverpool L3 3AF, UK;2. Department of Civil and Building Engineering, Loughborough University, Leicestershire LE11 3TU, UK;3. Department of Business Information Management and Operations, Westminster Business School, University of Westminster, Marylebone NW1 5LS, UK;4. School of the Built Environment and Architecture, London South Bank University, London SE1 0AA, UK;5. Bristol Business School, University of the West of England, Bristol BS16 1QY, UK |
| Abstract: | This study sought to examine project delivery challenges currently being faced by energy clients and to determine how they could achieve value creation through better alignment of project delivery processes. There are important lessons to be learned from the energy sector on how to deal with the unique operational and project challenges. Four exploratory focus groups were held with twenty senior project management practitioners, to better understand the greatest needs and project management processes in the energy sector. A formal deductive approach was used to examine and evaluate existing and future energy project delivery processes. From the qualitative data, participants recognised the need to introduce science-based project techniques such as system dynamics and project predictive analytics in project management processes. Participants further noted that comprehensive innovative project delivery processes and analytical approaches are required to cope with the increasing scale and complexity of energy capital projects. |
| Keywords: | Process modelling energy project delivery capacity planning predictive project analytics system dynamics |