Performance Evaluation of a Drilling Project in Oil and Gas Service Company in Indonesia by MACBETH Method

Dachyar, M.; Pratama, Novandra Rhezza

doi:10.1088/1742-6596/495/1/012012

Cited by 6 publications

(21 citation statements)

References 16 publications

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“… The approach does not consider elements such as stakeholders or project sponsorship in the performance evaluation. Drilling projects in oil and gas Sample: 1 project (illustrative) ( Dachyar and Pratama, 2014 ) Project evaluation tool MACBETH The evaluation problem can be put in terms of a multi-dimensional model describing performances without forcing conversion to monetary units. Social phenomena can be analyzed quantitatively through a value model and fully described qualitatively by means of constructed descriptors.…”

Section: Resultsmentioning

confidence: 99%

“… No limitations were described by the authors. Rural development programs Sample: 1 program (experimentation in practice) ( Dachyar and Pratama, 2014 ; Sanchez-Lopez et al., 2012 ) Process for risk-informed performance assessment of projects Fuzzy numbers It is expected to provide practitioners with a relatively easy approach for integrating both risk and performance management. Incorporates risk management.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Models and methods for information systems project success evaluation – A review and directions for research

Varajão¹,

Lourenço²,

Gomes³

2022

Heliyon

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Section: Resultsmentioning

confidence: 99%

Section: Resultsmentioning

confidence: 99%

Models and methods for information systems project success evaluation – A review and directions for research

Varajão¹,

Lourenço²,

Gomes³

2022

Heliyon

View full text Add to dashboard Cite

“…Dachyar and Pratama (2014) evaluated the efficiency of oil and gas well drilling projects using the MACBETH method [22]. The author introduced criteria such as implementation methods, time, cost, quality, risk and safety.…”

Section: Literature Reviewmentioning

confidence: 99%

“…A fast, continuous, timely and data-based decision-making process can lead to improved productivity; particularly as today's global demand for energy and environmental constraints have forced oil and gas projects to enhance their activities in terms of efficiency and effectiveness [18]. In addition, similar to other projects, oil and gas well-drilling projects deal with inherent uncertainties [22] that are generally arisen from environmental factors, organizational complexities, as well as changes, deviations and events occurring in a project [23]. Accordingly, oil and gas projects face various risks and complexities that make the decision-making process so difficult [18].…”

Section: Introductionmentioning

confidence: 99%

A Novel Approach for Evaluation of Projects Using an Interval–Valued Fuzzy Additive Ratio Assessment (ARAS) Method: A Case Study of Oil and Gas Well Drilling Projects

et al. 2018

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Abstract:The beginning of the 21st-century resulted in a more developed multi-attribute decisionmaking (MADM) tool and inspired new application areas that have resulted in discoveries in sustainable construction and building life cycle analysis. Construction and civil engineering stand for the central axis of a body consisting of a multidisciplinary (multi-dimensional) world with ties to disciplines constituting the surface, and with the disciplines, as a consequence, tied to each other. When dealing with multi-attribute decision-making problems generally multiple solutions exist, especially when there is a large number of attributes, and the concept of Pareto-optimality is inefficient. The symmetry and structural regularity are essential concepts in many natural and man-made objects and play a crucial role in the design, engineering, and development of the world. The complexity and risks inherent in projects along with different effective indicators for success and failure may contribute to the difficulties in performance evaluation. In such situations, increasing the importance of uncertainty is observed. This paper proposes a novel integrated tool to find a balance between sustainable development, environmental impact and human well-being, i.e., to find symmetry axe with respect to goals, risks, and constraints (attributes) to cope with the complicated problems. The concept of "optimal solution" as the maximum degree of implemented goals (attributes) is very important. The model is built using the most relevant variables cited in the reviewed project literature and integrates two methods: the Step-Wise Weight Assessment Ratio Analysis (SWARA) method and a novel interval-valued fuzzy extension of the Additive Ratio Assessment (ARAS) method. This model was used to solve real case study of oil and gas well drilling projects evaluation. Despite the importance of oil and gas well drilling projects, there is lack of literature that describes and evaluates performance in this field projects. On the other hand, no structured assessment methodology has been presented for these types of projects. Given the limited research on performance evaluation in oil & gas well-drilling projects, the research identifies a set of performance criteria and proposes an evaluation model using fuzzy Delphi method. An illustrative example shows that the proposed method is a useful and alternative decision-making method.

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“…In project planning, the project team may face uncertain or unexpected things [9]. Uncertainty factors can lead to performance variability that affects the project planning and scheduling process [10] Planning and scheduling process are important factors that affect project success. There are several methods used in project scheduling, including Critical Path Method (CPM), Program Evaluation and Review Technique (PERT), Critical Chain Project Management (CCPM), Design Structure Matrix (DSM), and metaheuristic methods such as Genetic Algorithm (GA).…”

Section: Introductionmentioning

confidence: 99%

Scheduling of Aircraft Design Project: A Comparison of Critical Path Method, Design Structure Matrix and Genetic Algorithm Approaches

2018

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The purpose of this study to minimize the overall duration of aircraft design project in Indonesia. This study proposes a combination method of Design Structure Matrix (DSM) and Genetic Algorithm (GA) for scheduling aircraft design project activities. DSM is used to identify the information flow between project activities. GA use reworks data, which was the result output of DSM, and activity duration to optimize the task sequence by considering the human resource constraints. A comparative analysis was conducted between the schedule based on DSM and GA and schedule based on Critical Path Method. Combination of DSM and GA obtained 63 days shorter project durations compared to CPM. This research is convenient for design projects scheduling with limited resources that can be obtained by using alternative methods other than traditional methods.

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Performance Evaluation of a Drilling Project in Oil and Gas Service Company in Indonesia by MACBETH Method

Cited by 6 publications

References 16 publications

Models and methods for information systems project success evaluation – A review and directions for research

Models and methods for information systems project success evaluation – A review and directions for research

A Novel Approach for Evaluation of Projects Using an Interval–Valued Fuzzy Additive Ratio Assessment (ARAS) Method: A Case Study of Oil and Gas Well Drilling Projects

Scheduling of Aircraft Design Project: A Comparison of Critical Path Method, Design Structure Matrix and Genetic Algorithm Approaches

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