Modeling decisions in complex projects
Year: 2017
Editor: Anja Maier, Stanko Škec, Harrison Kim, Michael Kokkolaras, Josef Oehmen, Georges Fadel, Filippo Salustri, Mike Van der Loos
Author: Siyam, Ghadir; Robinson, Robert Wilson; Kilpinen, Malia
Series: ICED
Institution: BP Exploration Operating Co. Ltd., United Kingdom
Section: Design Processes, Design Organisation and Management
Page(s): 497-505
Abstract
The upstream business of oil and gas industry is decision intense. The selection of a resource sensitive and economically designed concept is critical to the project success and requires making good decisions on time. Using an industrial example, this paper proposes a systematic modelling approach to identify and map decisions and options in complex projects. The approach applies a Dependency Structure Matrix (DSM), building on expertise of the application of DSMs to major capital project in industry over the past 10 years, and has demonstrably enabled clarity and alignment on project scope.
Keywords: Early design phases, Conceptual design, Design methodology, DSM