Exploring Decision Support and Strategic Project Management in the Oil and Gas Sector

Abstract

This article attempts to increase understanding of best practice in decision-making in strategic project management, as applied to the upstream oil and gas sector. It describes what is meant by strategic project management in that context, outlines the wide range of techniques that can be applied to managing strategic projects, and explores the elements (or dimensions) of the strategic project management process, and the appropriateness of techniques in facilitating strategic project management. It seeks to improve managerial understanding of strategic project management, by proposing a set of multidisciplinary elements framed by the balanced scorecard's (BSC) rationale, and investigating the extent to which techniques address the proposed set of elements.Strategic project management Upstream oil and gas sector Balanced Scorecard