Identification of business-project management processes that improve capital efficiency of downstream and chemical projects

References

• Abowitz DA, Toole TM. 2010. Mixed method research: fundamental issues of design, validity, and reliability in construction research. J Constr Eng Manage. 136(1):108–116.
   Web of Science ®Google Scholar
• Al-Mutairi A, Naser K, Saeid M. 2018. Capital budgeting practices by non-financial companies listed on Kuwait Stock Exchange (KSE). Cogent Econ Fin. 6(1):1468232.
   Web of Science ®Google Scholar
• Badiru AB, Osisanya SO. 2013. Project management for the oil and gas industry: a world system approach. 1st ed. Boca Raton (FL): CRC Press.
   Google Scholar
• Barshop PH. 2016. Capital projects : what every executive needs to know to avoid costly mistakes and make major investments pay off. Hoboken (NJ): Wiley.
   Google Scholar
• Barutha PJ, Jeong HD, Gransberg DD, Touran A. 2021. Evaluation of the impact of collaboration and integration on performance of industrial projects. J Manage Eng. 37(4):04021037. https://doi.org/10.1061/(asce)me.1943-5479.0000921.
   Web of Science ®Google Scholar
• Biddle GC, Hilary G, Verdi RS. 2009. How does financial reporting quality relate to investment efficiency? J Account Econ. 48(2–3):112–131.
   Web of Science ®Google Scholar
• Bierman H, Smidt S. 2014. Advanced capital budgeting: Refinements in the economic analysis of investment projects. Abingdon: Routledge.
   Google Scholar
• Bonett DG, Wright TA. 2015. Cronbach’s alpha reliability. J Organiz Behav. 36(1):3–15.
   Web of Science ®Google Scholar
• Caletka A. 2016. Driving capital efficiency to fuel oil and gas projects. Petroleum Account Fin Manag J. 35(3):86–95.
   Google Scholar
• Center for Sustainable Business. 2020. Return on sustainability investment (ROSI^TM). New York (NY): Center for Sustainable Business; [accessed 2021 Dec 23]. https://www.stern.nyu.edu/experience-stern/about/departments-centers-initiatives/centers-of-research/center-sustainable-business/research/return-sustainability-investment-rosi#.
   Google Scholar
• CII. 2016. Sector committees. https://www.construction-institute.org/groups/sector-committees.
   Google Scholar
• Collins W, Parrish K, Gibson GE. 2017. Development of a project scope definition and assessment tool for small industrial construction projects. J Manage Eng. 33(4):04017015.
   Web of Science ®Google Scholar
• CSI Market. 2021. Chemical manufacturing industry management effectiveness information and trends by quarter. Bhutan: CSIMarket.Com.
   Google Scholar
• Delacre M, Lakens D, Leys C. 2017. Why psychologists should by default use Welch’s t-test instead of Student’s t-test. rips. 30(1):92–101.
   Google Scholar
• Dharmapalan V, O’Brien WJ, Morrice D, Jung M. 2021. Assessment of visibility in industrial construction projects: a viewpoint from supply chain stakeholders. Crude Oil-to-Chemicals. 21(4):782–799.
   Google Scholar
• Eckerle K, Whelan T, DeNeve B, Bhojani S, Platko J, Wisniewski R. 2020. Using the return on sustainability investment (ROSI) framework to value accelerated decarbonization. J Appl Corporate Finance. 32(2):100–107.
   Web of Science ®Google Scholar
• EnerCom. 2018. Drilling down into oil & gas valuation. Denver (CO): EnerCom In.
   Google Scholar
• Fane M. 2020. How to unlock value in oil and gas capital projects in any environment. EY–Global. https://www.ey.com/en_gl/oil-gas-digital-skills-survey/how-to-unlock-value-in-oil-and-gas-capital-projects-in-any-environment.
   Google Scholar
• Fink D. 2016. Project risk governance: managing uncertainty and creating organisational value. Project risk governance: managing uncertainty and creating organisational value. Abingdon: Abingdon: Routledge.
   Google Scholar
• Gao R, Yu X. 2020. How to measure capital investment efficiency: a literature synthesis. Account Fin. 60(1):299–334.
   Web of Science ®Google Scholar
• George D, Mallery P. 2003. SPSS for windows step by step: a simple guide and reference. 11th ed. Boston (MA): Allyn and Bacon.
   Google Scholar
• Gerhardt MW, Luzadis RA. 2009. The importance of perceived task difficulty in goal orientation-assigned goal alignment. J Leadership Organ Stud. 16(2):167–174.
   Google Scholar
• Gibson GE. 1994. Pre-project planning: beginning a project the right way. Austin (TX): Construction Industry Institute (Issues 39–1).
   Google Scholar
• Goedhart M, Levy C, Morgan P. 2015. A better way to understand internal rate of return. Tamil Nadu, India: McKinsey & Company; p. 6–12.
   Google Scholar
• Hamdan Y, Jaafar K. 2014. Strategic alignment of projects: evaluation and selection process. PMI Global Congress; 2014 May; Dubai, United Arab Emirates. Newtown Square (PA): PMI.
   Google Scholar
• Hamilton A, Koelman J, Vermeltfoort K. 2019. Improving oil and gas project management. Tamil Nadu, India: McKinsey & Company.
   Google Scholar
• Harvey N, Holmes CA. 2012. Nominal group technique: an effective method for obtaining group consensus. Int J Nurs Pract. 18(2):188–194.
   PubMed Web of Science ®Google Scholar
• Ingle PV, Mahesh G. 2022. Construction project performance areas for Indian construction projects. Int J Construct Manag. 22(8):1443–1454.
   Web of Science ®Google Scholar
• Institute of Leadership & Management. 2013. Managing projects. Abingdon: Routledge.
   Google Scholar
• IPA. 2020. IPA glossary | business and engineering alignment meeting (BEAM). https://www.ipaglobal.com/about/ipa-glossary/.
   Google Scholar
• Johnson D, Chang R. 2018. Crude oil-to-chemicals projects presage a new era in global petrochemical industry. Chem Energy Insights. 2018(2):3–5.
   Google Scholar
• Jones D, Pujadó P. 2006. Handbook of petroleum processing. In Jones D, Pujadó P, editors. Handbook of petroleum processing. 1st ed. Berlin, Germany: Springer.
   Google Scholar
• Kanfer R, Ackerman PL, Murtha TC, Dugdale B, Nelson L. 1994. Goal setting, conditions of practice, and task performance: a resource allocation perspective. J Appl Psychol. 79(6):826–835.
   Web of Science ®Google Scholar
• Kasabreh NSS, Tarawneh SA. 2021. Investigating the impact of contractor’s performance on the success of Jordanian residential construction projects. Int J Construct Manag. 21(5):468–475.
   Web of Science ®Google Scholar
• Kim ST, Choi B. 2019. Price risk management and capital structure of oil and gas project companies: difference between upstream and downstream industries. Energy Econ. 83:361–374.
   Web of Science ®Google Scholar
• Kissi J, Dainty A, Tuuli M. 2013. Examining the role of transformational leadership of portfolio managers in project performance. Int J Project Manage. 31(4):485–497.
   Web of Science ®Google Scholar
• Kitzinger J. 1994. The methodology of Focus Groups: the importance of interaction between research participants. Sociol Health Illness. 16(1):103–121.
   Web of Science ®Google Scholar
• Krueger RA, Casey MA. 2015. Focus groups : a practical guide for applied research. 5th ed. Thousand Oaks (CA): SAGE.
   Google Scholar
• Kumar A. 2018. Business process management. 1st ed. Abingdon: Routledge.
   Google Scholar
• Kumaraswamy MM, Ling FY, Rahman MM, Phng ST. 2005. Constructing relationally integrated teams. J Constr Eng Manage. 131(10):1076–1086.
   Web of Science ®Google Scholar
• Locke EA, Latham GP. 2013. New developments in goal setting and task performance. New developments in goal setting and task performance. Abingdon: Taylor and Francis.
   Google Scholar
• Lucchesi RD. 2019. Main factors impacting oil projects return: a sensitivity analysis. Proceedings of the Annual Offshore Technology Conference; 2019 May; Houston, TX. New York (NY): AIChE. https://doi.org/10.4043/29594-ms
   Google Scholar
• Magdirila P. 2016. Many E&Ps to improve capital efficiency as oil, gas prices rebound, Moody’s says. SNL Energy Daily Gas Report. Charlottesville (VA): SNL Energy.
   Google Scholar
• Maurer C. 2021. The future of downstream, decarbonisation, collaboration and digitalisation. Chicago (IL): ENP Newswire.
   Google Scholar
• McDonald M. 2019. Valuation in the oil & gas industry report #6: everything you need to know to put A realistic value on your investment. London: Oilprice.com.
   Google Scholar
• Merrow EW. 2011. Industrial megaprojects: concepts, strategies, and practices for success (1. Aufl.). Hoboken (NJ): Wiley.
   Google Scholar
• Michaelides R, Bryde D, Ohaeri U. 2014. Sustainability from a project management perspective. Project Management Institute Research and Education Conference; Phoenix, AZ. Newtown Square (PA): PMI.
   Google Scholar
• Morfaw J. 2014. Fundamentals of project sustainability. Paper Presented at PMI® Global Congress 2014; Oct 2014; Phoenix, AZ. Newtown Square (PA): PMI; p. 1–11.
   Google Scholar
• Nguyen VT, Do ST. 2021. Assessing the relationship chain among causes of variation orders, project performance, and stakeholder performance in construction projects. Int J Construct Manag. 1–11. https://doi.org/10.1080/15623599.2021.1988197.
   Google Scholar
• O’Neil MJ, Jackson L. 1983. Nominal group technique: a process for initiating curriculum development in higher education. Stud Higher Educ. 8(2):129–138.
   Web of Science ®Google Scholar
• Park HY. 2017. Analysis of the impact of phase arrangement on duration and performance of capital projects. Austin (TX): The University of Texas at Austin.
   Google Scholar
• Patton M. 2014. Qualitative research & evaluation methods: integrating theory and practice. 4th ed. Thousand Oaks (CA): SAGE Publications.
   Google Scholar
• Prieto B. 2014. Capital efficiency: pull all the levers. 1st ed. McLean (VI): CMAA.
   Google Scholar
• PwC. 2015. Maximizing capital efficiency for your oil and gas projects. https://www.pwc.com/us/en/industries/capital-projects-infrastructure/oil-and-gas-capital-projects.html.
   Google Scholar
• Ramsey JB. 1970. The marginal efficiency of capital, the internal rate of return, and net present value: an analysis of investment criteria. J Politic Econ. 78(5):1017–1027.
   Web of Science ®Google Scholar
• Satapathy M, Volkenborn A. 2019. Beating volatility through veracity and velocity in portfolio management. Dublin, Ireland: Accenture. https://www.accenture.com/_acnmedia/pdf-106/accenture-beating-volatility.pdf.
   Google Scholar
• Scott-Young C, Samson D. 2008. Project success and project team management: evidence from capital projects in the process industries. J Oper Manage. 26(6):749–766.
   Web of Science ®Google Scholar
• Shah R. 2012. Thinking about tomorrow: capital efficiency in the GCC. Dubai, United Arab Emirates: Deloitte Middle East. https://www2.deloitte.com/content/dam/Deloitte/xe/Documents/About-Deloitte/mepovdocuments/mepov9/dtme_mepov9_Capital_Efficiency.pdf.
   Google Scholar
• Shell. 2014. New Shell CEO Ben van Beurden sets agenda for sharper performance and rigorous capital discipline. https://www.shell.com/media/news-and-media-releases/2014/2014-results-announcement-media-release1.html.
   Google Scholar
• Son J, Rojas EM. 2011. Evolution of collaboration in temporary project teams: an agent-based modeling and simulation approach. J Constr Eng Manage. 137(8):619–628.
   Web of Science ®Google Scholar
• Srivannaboon S, Milosevic DZ. 2006. A two-way influence between business strategy and project management. Int J Project Manage. 24(6):493–505.
   Google Scholar
• Stanleigh M. 2012. The failed strategy of corporate executives and why it’s costing investors billions. Innisfil (ON): Business Improvement Architects.
   Google Scholar
• Tsai JS, Chi CSF. 2015. Learning for win-win collaboration. J Constr Eng Manage. 141(7):04015013.
   Web of Science ®Google Scholar
• UNDP, IFC, & IPIECA. 2017. Mapping the oil and gas industry to the sustainable development goals: an atlas. New York (NY): United Nations.
   Google Scholar
• United Nations. 2015. Transforming our world: the 2030 agenda for sustainable development. United Nations General Assembly. https://sdgs.un.org/2030agenda.
   Google Scholar
• Varga-Atkins T, Bunyan N, McIsaac J, Fewtrell J. 2011. The nominal group technique – a practical guide for facilitators. Written for the ELESIG small grants scheme. Liverpool: University of Liverpool; Version1.0, p. 1–13.
   Google Scholar
• Vătavu S, Lobonț O-R, Para I, Pelin A. 2018. Addressing oil price changes through business profitability in oil and gas industry in the United Kingdom. PLoS One. 13(6):e0199100.
   PubMed Web of Science ®Google Scholar
• Voehl CF, Harrington HJ, Ruggles WS. 2017. Effective portfolio management systems. Effective portfolio management systems. Boca Raton (FL): CRC Press.
   Google Scholar
• Xia B, Xiong B, Skitmore M, Wu P, Hu F. 2016. Investigating the impact of project definition clarity on project performance: structural equation modeling study. J Manage Eng. 32(1):04015022.
   Web of Science ®Google Scholar
• Yin Z, Caldas C, de Oliveira D. 2022. Identification of management processes that impact capital efficiency on downstream and chemical projects. Construct Res Congress. 2022:1034–1044.
   Google Scholar
• Yun S. 2013. The impact of the business-project interface on capital project performance. Austin (TX): The University of Texas at Austin.
   Google Scholar
• Yun S, Mulva SP, O’Brien WJ. 2012. A quantitative approach for measuring managerial interfaces in the development of a capital project. Construction research congress 2012: construction challenges in a flat world. West Lafayette (IN): ASCE; p. 1410–1419.
   Google Scholar
• Zuo J, Jin XH, Flynn L. 2012. Social sustainability in construction - An explorative study. Int J Construct Manag. 12(2):51–63.
   Google Scholar