Project Risk Management
Realization of a Project Roadmap
- Client
- Edison
- Country
- Italy
- Year
- 2013-2014
- Industry
- Oil & Gas
- Service
- Risk Management
Edison's Hydrocarbons Department runs projects that take years, from the discovery well to decommissioning. To improve capital effectiveness, kwantis developed a structured project management system that makes the best use of people, finance and technology.
The challenge
Edison’s Hydrocarbons Department handles development projects that start with a discovery well and end with the decommissioning of the production plant. These projects usually take several years and require considerable investment in very complex and sensitive environments. Edison wanted to improve its capital effectiveness.
Our approach
kwantis developed an efficient project management system, following a structured process designed for an optimal use of resources. The workflow was based on:
- a benchmark of international standards;
- specific interviews with the main project actors and stakeholders.
The complete process is structured in 3 macro phases (Exploration, Development and Production), each further divided into sub-phases. Each phase is closed by a decision gate.
The outcome
The resulting guideline gives decision-makers, multifunctional project team members and stakeholders a mechanism for effective communication, to secure the success of new business ventures.
The application of these practices leads to a better allocation of resources and supports the decision-making process.
