Generalization of approaches to value-oriented project management at oil and gas production enterprises
DOI:
https://doi.org/10.15587/2706-5448.2024.310560Keywords:
value-oriented management, business process, data visualization, project management, oil and gas production enterprisesAbstract
The political and economic situation in Ukraine leads to the fact that companies today are stuck with the deterioration of their financial condition and need effective mechanisms for further development even in the conditions of martial law. The ability to plan the project management process, formulate value guidelines for project management and implement the necessary management tools can help to form an optimal approach for the company to value-oriented project management at oil and gas production enterprises. To optimize the project management process, it is necessary to detail and improve the process of planning the implementation of these projects. Implementation of such detailing is possible under the condition of applying modeling of business processes at the enterprise. Therefore, the object of this research is approaches to value-oriented project management at oil and gas production enterprises.
The paper uses general scientific methods of analysis, synthesis, systematization, generalization, and also used the method of modeling business processes to determine a clear sequence of actions in the process of implementing projects at oil and gas production enterprises.
According to the results of the research, it was established that for optimal value-oriented project management at oil and gas production enterprises, a certain business process should be followed, which provides for a clear sequence of actions and the possibility of controlling the result at each stage of the project. In general, according to the author's business process, value-oriented project management at oil and gas production enterprises involves the following stages:
– formation of a clear sequence of actions aimed at the implementation of the project (establishment of value indicators of the project);
– identification of responsible persons and allocation of resources for the implementation of each stage of the project;
– general implementation of the project (this stage involves detailing individual tasks);
– control of efficiency and achievement of value indicators of the project.
Adherence to such a sequence of actions will improve the efficiency of project management and ensure the coordination of project performance indicators with the general value orientations of the enterprise.
References
- Green, S. D., Sergeeva, N. (2019). Value creation in projects: Towards a narrative perspective. International Journal of Project Management, 37 (5), 636–651. https://doi.org/10.1016/j.ijproman.2018.12.004
- Silva, C. S., Pereira, C., Magano, J. (2021). The value of project management to competitiveness: key factors from a holistic and practical perspective. International Journal of Managing Projects in Business, 16 (1), 67–91. https://doi.org/10.1108/ijmpb-02-2020-0042
- Dmytruk, V. V., Humeniuk, V. V. (2022). The genesis of value-based management: interdisciplinary and sectorial aspects. Economic theory and law, 48 (1), 29–43. https://doi.org/10.31359/2411-5584-2022-48-1-29
- Dzoba, O. (2024). Corporate management of enterprises: a value-oriented approach. Ekonomichnyy analiz, 34 (2), 190–199. Available at: https://www.econa.org.ua/index.php/econa/article/view/6023
- Aleksieienko, I., Leliuk, S., Poltinina, O. (2020). Information and communication support of project management processes and enterprise value. Development Management, 18 (3), 1–13. https://doi.org/10.21511/dm.18(3).2020.01
- Martinsuo, M. (2020). The Management of Values in Project Business: Adjusting Beliefs to Transform Project Practices and Outcomes. Project Management Journal, 51 (4), 389–399. https://doi.org/10.1177/8756972820927890
- Uzakova, S., Beimenbetov, S., Shildibekov, Y. (2021). Value-oriented approach in Kazakhstani regional development projects. Problems and Perspectives in Management, 19 (4), 352–361. https://doi.org/10.21511/ppm.19(4).2021.28
- Bodendorf, F., Franke, J. (2024). What is the business value of your data? A multi-perspective empirical study on monetary valuation factors and methods for data governance. Data & Knowledge Engineering, 149, 102242. https://doi.org/10.1016/j.datak.2023.102242
- Tregua, M., D’Auria, A., Brozovic, D. (2020). Value-oriented knowledge management: insights from theory and practice. Knowledge Management Research & Practice, 20 (5), 661–671. https://doi.org/10.1080/14778238.2020.1789003
- Bos-de Vos, M., Volker, L., Wamelink, H. (2019). Enhancing value capture by managing risks of value slippage in and across projects. International Journal of Project Management, 37 (5), 767–783. https://doi.org/10.1016/j.ijproman.2018.12.007
- Xu, Q., Jia, G., Wang, X., Chen, Y. (2022). Governing Value Creation in a Major Infrastructure Project Client Organization: The Case of Beijing Daxing International Airport. Sustainability, 14 (5), 3001. https://doi.org/10.3390/su14053001
- BuHamdan, S., Alwisy, A., Bouferguene, A., Al-Hussein, M. (2020). A framework for value visualization in the construction industry to support value-oriented design. Canadian Journal of Civil Engineering, 47 (7), 833–845. https://doi.org/10.1139/cjce-2019-0228
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Olga Poltinina
This work is licensed under a Creative Commons Attribution 4.0 International License.
The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.