W11_AlShehhi_NPV


  1. Problem Definition.

An LPG bottling plant is planned to be built near a gas plant constructed in a remote area. In order to benefit the local community from similar sort of projects, it is decided to source the bottling plant to a local SME.

The SME should be a balance of not losing money but also should not be a large profit generator. The main issue, however, is that how to maximize and diversify beneficiaries of this project and at the same time making sure whoever SME gets this project, they are being able to execute it safely.

Continue reading

Advertisements

W10_AlShehhi_Second Tuckman Assessment_Mode & Median


  1. Problem Definition.

A PMI competency development course commenced at Muscat on May 2015, with 25 participants from Oman. The course is broadly divided into face to face sessions as well as 12-week distance learning mode.

Since there have been several non-performing individuals within PMI-Takatuf Team, especially in blog posting assignment, it was decided to do the Tuckmen assessment, using Mode and Median this time instead of average, to see how results might change.

Continue reading

W9_AlShehhi_Second Tuckman Assessment


  1. Problem Definition.

A PMI competency development course commenced at Muscat on May 2015, with 25 participants from Oman. The course is broadly divided into face to face sessions as well as 12-week distance learning mode.

Since there has been several non-performing individuals within PMI-Takatuf Team, especially in blog posting assignment, it was decided to do the Tuckmen assessment again to identify leadership style appropriate for this stage

Continue reading

W5_AlShehhi_Calculating MARR Using Analytical Hierarchy Methodology


1. Problem Definition.

MARR calculated in W4 blog without considering Risk Scoring. For any upstream or downstream investment in oil and gas, there are associated risks with any investment and that varies from one location to another. These risks include, but not limited to, type of reservoir, onshore/offshore activity, remoteness, complexity of asset, etc. It is important that these risks to be quantified in terms of percentage so that will be plugged into the MARR equation.

Continue reading

W4_AlShehhi_MARR for Exploration & Production Project in Oman


1. Problem Definition.

In order to decide which option to go with in W3 blog post, the future value (FV) of each option was calculated and that was based on assumed interest/hurdle rate of 10%. In this blog post, it will identified if this rate is appropriate to use in an Exploration and Production project in Oman, by calculating Minimum Attractive Rate of Return (MARR) and re-evaluate previous decision.

Continue reading

W2_AlShehhi_Boat Project


1. Problem Definition.

One of many small/medium projects my company carrying out, in order to prepare to the operation phase of the gas plant, is a “boat project”,  is a fully equipped boat that need to be facilitated in order to use it in maintenance activities of the single point mooring (SPM).

More than one option has been considered and each has its own cost, health & safety, operability and social impact. Which one would be a better option?

Continue reading

W1_AlShehhi_Tuckman Assessment


1. Problem Definition.

A PMI competency development course commenced at Muscat on May 2015, with 25 participants from Oman. The course is broadly divided into face to face sessions as well as 12-week distance learning mode.

This first blog post is about using Bruce Tuckman “Forming, Storming, Norming and Performing” module, to which adjourning phase was added years later, to decide the leadership style appropriate for the team, since about 50% of the course consists of team based assignments.

Continue reading