Maximising value in mega-projects: Ichthys LNG project

2016 ◽  
Vol 56 (2) ◽  
pp. 576
Author(s):  
Cornelis van der Linden ◽  
Bill Townsend
Keyword(s):  
Project Management ◽  
State Of The Art ◽  
Processing Plant ◽  
Interface Management ◽  
Production Chain ◽  
Central Processing ◽  
Processing Facility

The INPEX-led Ichthys LNG Project is one of the world's most complex gas developments, incorporating all elements of the production chain. It is three mega projects rolled into one. The offshore project includes the world’s largest semisubmersible central processing facility and a large floating production, storage and offloading facility. An 890 km subsea gas export pipeline joins offshore facilities to a state-of-the-art onshore processing plant near Darwin. Managing more than 30,000 personnel working across the globe to construct this project demands excellence in project management. INPEX’s approach allows seamless interface management and a tight grip on cost and schedule to deliver a complicated, giant project, and 40 years of future field operations.

scholarly journals A Techno-economic Evaluation of Adding Silica Nanoparticles to Enhance the Demulsification Process in a Crude Oil Central Processing Facility

2021 ◽  
Author(s):  
Shireen Hassan ◽  
Babiker Abdalla ◽  
Mustafa Mustafa
Keyword(s):  
Economic Evaluation ◽  
Crude Oil ◽  
Silica Nanoparticles ◽  
Production Cost ◽  
Net Present Value ◽  
Central Processing ◽  
Oil Processing ◽  
Software Model ◽  
Processing Facility ◽  
Demulsification Process

In this study, a techno-economic evaluation of the use of silica nanoparticles to enhance the demulsification process, in crude oil, has been investigated. A software model has been developed in MS Excel of the central processing facility (CPF). A sensitivity analysis of key parameters on production cost and Net Present Value (NPV) has been carried out for different flowsheet selection options. Comparison of flowsheets on an equal plant capacity basis results in a 19% reduction in the production cost whereas comparison on a fixed annual crude oil processing basis results in a reduction in production cost of only 3.7%.

scholarly journals Holistic Approaches to Reducing Salmonella Contamination in Poultry Industry

2021 ◽  
Vol 44 (1) ◽  
Author(s):  
Ummu Afiqah Abdul-Rahiman ◽  
Noordiana Nordin ◽  
Noor Azira Abdul-Mutalib ◽  
Maimunah Sanny
Keyword(s):  
Hazard Analysis ◽  
Monitoring Program ◽  
Published Data ◽  
Processing Plant ◽  
Poultry Production ◽  
Poultry Industry ◽  
Production Chain ◽  
Critical Control Points ◽  
Poultry Processing ◽  
And Control

Salmonella are widely found in the poultry industry, which subsequently may pose a risk to animal and human health. The aim of this review is to highlight strategies for the prevention and control of Salmonella at each stage in the poultry production chain by monitoring risks from the farm to the retailer. Among the primary approaches for control of Salmonella at the farm level includes the administration of synthetic and natural compounds to live chickens (vaccination and antibiotic), litter management as well as fortification of feed and acidification of drinking water. In the poultry processing plant, multiple hurdle technology and different chilling conditions to reduce Salmonella were discussed. In the retail level, an effective monitoring program to control Salmonella contamination by good manufacturing practices and hazard analysis and critical control points has been reviewed. Overall, we conclude that these approaches play a role in reducing the dissemination of Salmonella in the poultry industry. However, there is no published data related to logistic scheduling of poultry processing.

scholarly journals Projetos globais: um estudo bibliométrico de jornais internacionais de administração

Internext ◽  
2015 ◽  
Vol 10 (2) ◽  
pp. 31
Author(s):  
Flávio Jorge Battistuzzo ◽  
Marcos Piscopo
Keyword(s):  
Project Management ◽  
Decision Process ◽  
Organization Theory ◽  
State Of The Art ◽  
Management Theory ◽  
Competitive Advantages ◽  
Important Process ◽  
Cultural Issues ◽  
Current Trends ◽  
Global Projects

<p>Project management is an important process for the implementation of strategies. Different organizations use these concepts and tools to deploy strategies and acquire and sustain competitive advantages. Its importance to the proper execution of strategies has received the attention of different scholars. In line with project management, global projects have some specificities that make them more difficult to manage, as foreign liability and cultural issues. As the success of strategies and organizations themselves are linked to the success of projects, to understand global projects means to understand how management theory can be applied to project management in order to make organizations more successful. This bibliometric study aims to identify current trends in the global projects literature and evaluate its state of the art. Our conclusion indicates a concentration of papers on institutional theory, risk analysis/decision process and project marketing. We believe our study can support and encourage scholars to research the existing clusters identified by this study and evaluate how organization theory can be applied to the management of global projects.</p>

Impact of the Finance Act 2020 on Gas Utilization Projects

2021 ◽  
Author(s):  
Kaase Gbakon
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Qualitative Assessment ◽  
Central Processing ◽  
Gas Processing ◽  
Gas Utilization ◽  
Processing Facility ◽  
Financing Costs ◽  
Investor Returns ◽  
The Impact

Abstract The newly passed Finance Act 2020 (FA2020) in Nigeria is reviewed especially as it relates to the oil and gas industry. The review is partly executed by modeling the specific provisions of the Act that impact gas utilization projects. The effect of the provisions on investor returns as well as the extent to which government objectives are met is ascertained – the government objectives being to prevent tax leakage via excessive financing costs, as well as encourage gas development and utilization. A qualitative assessment of the FA2020 is first conducted to examine its provisions applicable to the oil and gas sector. Furthermore, a spreadsheet Discounted Cash Flow (DCF) economic model of a gas central processing facility is built. A hypothetical $800Million (CapEx), 300mmscfd gas processing facility, which is 70% debt financed is modeled by incorporating the provisions of the FA2020. The metrics of the project (both investor and government) are then compared under the scenarios of with and without the FA2020. Key results indicate that the economic returns to investor in the gas processing facility are still largely preserved at a healthy level, even as government take improves by $102Million due to the FA2020. Specifically, without the FA2020, investor returns an IRR of 21.11% while due to the FA2020, investor IRR declines to 19.79%. Sensitivity analysis serves to illustrate one of the aims of the FA2020, which is to prevent tax loss from high cost of financing. Lengthening the tenor of loans reduces the fraction of the financing costs that is tax deductible. The modeling result shows that, ceteris paribus, for one (1) year increase in loan tenor, the amount of financing cost that is tax deductible reduces by 5%. Another important outcome is that for every $1 of government receipts preserved/enhanced by the FA, the investor NPV declines by 38cents This impact assessment of the FA2020 on gas utilization projects is conducted against the backdrop of several government pronouncements and policy positions to encourage domestic gas development. Financing plays an important role in delivering gas projects, consequently the evaluation of the impact of the FA2020 becomes imperative. This is to allow an examination of the effect of the Act on the ability to meet the strategic objective of powering the economy via gas while fulfilling Nigeria’s climate change commitments by deeper adoption of gas as a transition fuel.

The Sustainable Project Management Model

2018 ◽  
Author(s):  
Mohamed Salama ◽  
Jelena Janjusevic
Keyword(s):  
Project Management ◽  
State Of The Art ◽  
Sharing Economy ◽  
Business Environment ◽  
Digital Transformation ◽  
The State ◽  
Management Model ◽  
Disruptive Technologies ◽  
Economy Change ◽  
Rough Sea

In the era of digital transformation, following the emergence of disruptive technologies that guided and facilitated the shift towards sharing economy, change is imperative. Imagine the very nice-looking carriages that you see in the royal weddings and compare them to the latest generation of Tesla cars. Or compare the set of skills required to fly Yakovlev Air-5 model 1931 vis-a-vis the Dassault Rafale or the F16 Fighting Falcon (Top 10 fighters, 2017). Before embarking on driving/flying the latter, regardless how competent with the former, the driver/pilot needs to acquire relevant knowledge and master a new set of skills and techniques, and learn different methods in order to be able to deal with the state-of-the-art technology. The vibrant business environment that has become even turbulent amid the digital transformation is analogous to the rough sea with unfavourable conditions. Those who are not ahead of the game, vigilant, and aware of what they need to do in order to sail safe will have an unpleasant ending, regardless of how successful they are at present. The Titanic is just one example.

RAD and Other Innovative Approaches to Facilitate Superior Project Management

2010 ◽  
Vol 2 (3) ◽  
pp. 33-39
Author(s):  
Rajeev K Bali ◽  
Nilmini Wickramasinghe
Keyword(s):  
Project Management ◽  
Software Engineering ◽  
State Of The Art ◽  
Low Cost ◽  
Application Development ◽  
Rapid Application Development ◽  
Management Issues ◽  
Innovative Approaches

Rapid Application Development (RAD) is promising to bring many benefits and state-of-the-art uses to the discipline of software engineering. The plethora of low cost RAD tools, together with the claims made by advocates of this methodology, has lead to an explosion in the use of this technique across the field. Unfortunately, however, there has been comparatively little regard in context to the project management issues of adopting RAD methodologies on which this paper will focus.

Linking the Critical Chain Project Management literature

2019 ◽  
Vol 12 (2) ◽  
pp. 423-443 ◽  
Author(s):  
Octaviano Rojas Luiz ◽  
Fernando Bernardi de Souza ◽  
João Victor Rojas Luiz ◽  
Daniel Jugend
Keyword(s):  
Project Management ◽  
State Of The Art ◽  
Theory Of Constraints ◽  
Central Position ◽  
Content Type ◽  
Research Theme ◽  
Critical Chain Project Management ◽  
Three Stages ◽  
New Research ◽  
Critical Chain

PurposeThe purpose of this paper is to analyze the state of the art in Critical Chain Project Management (CCPM), outlining the CCPM literature to date, in an effort to guide future studies.Design/methodology/approachThe paper is based on a bibliometric analysis using Scopus and Web of Science databases. The authors identified the principal journals, articles and authors regarding the research theme, as well as the authors elaborated co-citation and co-occurrence network maps to support the analysis.FindingsThe authors described five co-citation clusters: Fundamentals of Critical Chain, Scheduling, Operations Research, Multi-project and Network, and General Project Management. The most frequently occurring keywords were: “project management,” “critical chain,” “scheduling” and “theory of constraints.” Observing the distribution, the expression “project management” occupied a central position, connecting two other clusters, represented by the keywords “scheduling” and “critical chain.” The authors proposed an evolutive framework for the CCPM state of the art in three stages, according to the most frequent topics identified: Conceptual, Deepening of Applications and Methodological Maturity.Originality/valueThis research adopts a systematic approach based on bibliometric tools, which allows a more rigorous organization of the literature. Co-citation and keyword co-occurrence maps provide evidence of how the main themes in CCPM relate. Besides, the presented historical framework allows new research in CCPM to be directed to the most recent topics of interest that have gaps to be explored.

scholarly journals Visualizing the Knowledge Domain of Project Governance: A Scientometric Review

2020 ◽  
Vol 2020 ◽  
pp. 1-15 ◽  
Author(s):  
Zhao Zhai ◽  
Ming Shan ◽  
Amos Darko ◽  
Yun Le
Keyword(s):  
Project Management ◽  
Project Success ◽  
State Of The Art ◽  
Early Stage ◽  
Governance Structure ◽  
The Body ◽  
Theory And Practice ◽  
Future Research ◽  
Knowledge Domains ◽  
Project Governance

Over the past two decades, project governance has attracted increasing attention from researchers and practitioners worldwide and has become an important research area of project management. However, an inclusive quantitative and systematic analysis of the state-of-the-art recently available research in this field is still missing. This study attempts to map the global research on project governance through a state-of-the-art review. A total of 285 bibliographic records were retrieved from the Web of Science Core Collection database and analyzed by the visual analytic tool—CiteSpace. The results indicated that there has been an increasing research interest in project governance. The most productive and the most highly cited author in the area of project governance is Müller R., and most of the existing project governance research achievements are from Australia, China, USA, and Norway. By synthetically analyzing the keywords, future research might focus on governance of megaprojects and project success. Additionally, 9 knowledge domains of project governance were identified, including conceptual framework, public projects, governance structure, governance context, megaproject governance, contractual and relational governance, sustainability, portfolio governance, and project success. This study contributes to the body of knowledge by mapping the existing project governance research. It is particularly helpful to new and early-stage researchers who plan to do research on project governance, as it can provide them an overview of project governance research, including key authors, main institutions, hot topics, and knowledge domains. Moreover, the findings from the study are beneficial to industry practitioners as well, as they can help industry practitioners understand the latest development of governance theory and practice and thereby help them locate the best governance strategies for project management.

Prevalence and tracing of persistentListeria monocytogenesstrains in meat processing facility production chain

2016 ◽  
Vol 37 (2) ◽  
pp. e12315 ◽  
Author(s):  
Adriana Véghová ◽  
Jana Minarovičová ◽  
Janka Koreňová ◽  
Hana Drahovská ◽  
Eva Kaclíková
Keyword(s):  
Meat Processing ◽  
Production Chain ◽  
Processing Facility
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