Prospect of Reliability in Project Management Process using Life Cycle Approach. A Case Study of Oil and Gas Project

The oil and gas industry remains a powerful entity in the economic development of many nations. The practical Project Management approach in this industry has become a significant challenge for most Project Managers. Deploying Project Management best practices will solve many of the challenges associated with this industry because it serves as a link between Processes, People, and Technology. According to Project Management success road maps, the primary factor is the assumptions, criteria, and approaches employed to control and conduct projects. This review aims to achieve reliability in the Project Management process using the life cycle approach, a case study of oil and gas projects with a critical focus on configuration management, change management, quality management, requirement management, and risk management. Adopting the Project Management life cycle approach has proven to be an effective tool for reliability.

Five Phases of the Project Management Life Cycle include the initiation, planning, execution, control, and closure phases. With this approach sequentially, the project undertaken will be delivered successfully from the review carried out. Each phase focuses on a given facet involved in managing a project from the start through finish. Today, it is well-known that employing skilled and experienced project managers will deliver critical success or benefit in the oil and gas industry without ensuring the reliability of key project management processes at each phase of the project. Simultaneously, ensuring the defined approach and its business case will rely on a reliable project management process to achieve the project’s rationale.

Keywords: Project Management, Life Cycle, Project Manager, Methodology