Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach

Detalhes bibliográficos
Autor(a) principal: de Melo, Rodrigo Toneto
Data de Publicação: 2019
Outros Autores: Monteiro Gomes, Luiz Flavio Autran, Filardi, Fernando
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Independent Journal of Management & Production
Texto Completo: http://www.ijmp.jor.br/index.php/ijmp/article/view/849
Resumo: This study puts forward the implementation of Multi-Criteria Decision Aid, through the PROMÉTHÉE V method, to support a decision on prioritizing a modification project portfolio on offshore oil and gas platforms. The chosen method supports, in a structured manner, the prioritization of a project portfolio which is necessary to leverage the oil production in offshore facilities, especially when they have already surpassed the plateau phase and presents production decline. Although the most relevant issues for investors are related to return on investments and the risks involved, the study suggests that other criteria are considered in specific settings. The research used data from 12 main projects of an oil and gas company and the criteria evaluations were made based on documents retrieved from the organization's database. This implementation represents a very important improvement for a well-known problem, in which the result is found based on criteria and their respective weights selected through a consensus. The results reinforce that any organization, with a constraint similar to the one presented in this study, may obtain relevant gains with the use of methods that clearly reflect the decision process and its criteria, assisting the decision maker's job significantly.
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spelling Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approachPortfolio Prioritization StrategiesOffshore PlatformsPROMÉTHÉE VOil & GasMCDAThis study puts forward the implementation of Multi-Criteria Decision Aid, through the PROMÉTHÉE V method, to support a decision on prioritizing a modification project portfolio on offshore oil and gas platforms. The chosen method supports, in a structured manner, the prioritization of a project portfolio which is necessary to leverage the oil production in offshore facilities, especially when they have already surpassed the plateau phase and presents production decline. Although the most relevant issues for investors are related to return on investments and the risks involved, the study suggests that other criteria are considered in specific settings. The research used data from 12 main projects of an oil and gas company and the criteria evaluations were made based on documents retrieved from the organization's database. This implementation represents a very important improvement for a well-known problem, in which the result is found based on criteria and their respective weights selected through a consensus. The results reinforce that any organization, with a constraint similar to the one presented in this study, may obtain relevant gains with the use of methods that clearly reflect the decision process and its criteria, assisting the decision maker's job significantly.Independent2019-10-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttp://www.ijmp.jor.br/index.php/ijmp/article/view/84910.14807/ijmp.v10i5.849Independent Journal of Management & Production; Vol. 10 No. 5 (2019): Independent Journal of Management & Production; 1421-14452236-269X2236-269Xreponame:Independent Journal of Management & Productioninstname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)instacron:IJM&Penghttp://www.ijmp.jor.br/index.php/ijmp/article/view/849/1132http://www.ijmp.jor.br/index.php/ijmp/article/view/849/1184Copyright (c) 2019 Rodrigo Toneto de Melo, Luiz Flavio Autran Monteiro Gomes, Fernando Filardiinfo:eu-repo/semantics/openAccessde Melo, Rodrigo TonetoMonteiro Gomes, Luiz Flavio AutranFilardi, Fernando2019-11-01T03:21:16Zoai:www.ijmp.jor.br:article/849Revistahttp://www.ijmp.jor.br/PUBhttp://www.ijmp.jor.br/index.php/ijmp/oaiijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br||2236-269X2236-269Xopendoar:2019-11-01T03:21:16Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)false
dc.title.none.fl_str_mv Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
title Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
spellingShingle Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
de Melo, Rodrigo Toneto
Portfolio Prioritization Strategies
Offshore Platforms
PROMÉTHÉE V
Oil & Gas
MCDA
title_short Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
title_full Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
title_fullStr Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
title_full_unstemmed Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
title_sort Project portfolio prioritization strategy to extend the service life of offshore platforms – a Prométhée V approach
author de Melo, Rodrigo Toneto
author_facet de Melo, Rodrigo Toneto
Monteiro Gomes, Luiz Flavio Autran
Filardi, Fernando
author_role author
author2 Monteiro Gomes, Luiz Flavio Autran
Filardi, Fernando
author2_role author
author
dc.contributor.author.fl_str_mv de Melo, Rodrigo Toneto
Monteiro Gomes, Luiz Flavio Autran
Filardi, Fernando
dc.subject.por.fl_str_mv Portfolio Prioritization Strategies
Offshore Platforms
PROMÉTHÉE V
Oil & Gas
MCDA
topic Portfolio Prioritization Strategies
Offshore Platforms
PROMÉTHÉE V
Oil & Gas
MCDA
description This study puts forward the implementation of Multi-Criteria Decision Aid, through the PROMÉTHÉE V method, to support a decision on prioritizing a modification project portfolio on offshore oil and gas platforms. The chosen method supports, in a structured manner, the prioritization of a project portfolio which is necessary to leverage the oil production in offshore facilities, especially when they have already surpassed the plateau phase and presents production decline. Although the most relevant issues for investors are related to return on investments and the risks involved, the study suggests that other criteria are considered in specific settings. The research used data from 12 main projects of an oil and gas company and the criteria evaluations were made based on documents retrieved from the organization's database. This implementation represents a very important improvement for a well-known problem, in which the result is found based on criteria and their respective weights selected through a consensus. The results reinforce that any organization, with a constraint similar to the one presented in this study, may obtain relevant gains with the use of methods that clearly reflect the decision process and its criteria, assisting the decision maker's job significantly.
publishDate 2019
dc.date.none.fl_str_mv 2019-10-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://www.ijmp.jor.br/index.php/ijmp/article/view/849
10.14807/ijmp.v10i5.849
url http://www.ijmp.jor.br/index.php/ijmp/article/view/849
identifier_str_mv 10.14807/ijmp.v10i5.849
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv http://www.ijmp.jor.br/index.php/ijmp/article/view/849/1132
http://www.ijmp.jor.br/index.php/ijmp/article/view/849/1184
dc.rights.driver.fl_str_mv Copyright (c) 2019 Rodrigo Toneto de Melo, Luiz Flavio Autran Monteiro Gomes, Fernando Filardi
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2019 Rodrigo Toneto de Melo, Luiz Flavio Autran Monteiro Gomes, Fernando Filardi
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
text/html
dc.publisher.none.fl_str_mv Independent
publisher.none.fl_str_mv Independent
dc.source.none.fl_str_mv Independent Journal of Management & Production; Vol. 10 No. 5 (2019): Independent Journal of Management & Production; 1421-1445
2236-269X
2236-269X
reponame:Independent Journal of Management & Production
instname:Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)
instacron:IJM&P
instname_str Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)
instacron_str IJM&P
institution IJM&P
reponame_str Independent Journal of Management & Production
collection Independent Journal of Management & Production
repository.name.fl_str_mv Independent Journal of Management & Production - Instituto Federal de Educação, Ciência e Tecnologia de São Paulo (IFSP)
repository.mail.fl_str_mv ijmp@ijmp.jor.br||paulo@paulorodrigues.pro.br||
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