PROJECT MANAGEMENT

Project Management of Oil and Gas Organization

Project Management of Oil and Gas Organization

Introduction

This report is proposed to develop the Project Management of British petroleum. British Petroleum is a British multinational gas and oil company, it's headquarter is located in London, United Kingdom, it is the third largest energy company and by 2011 it was the fourth largest company of the world. It is one of the six super major in oil and gas manufacture and distribution. BP has its operations in around 80 countries and produces approximately 3.4 million barrels of oil per day and has 21,800 stations worldwide. BP America is BP largest division. BP was found in 1909 it was previously called the Anglo Persian Oil company and in 1954 it changed in the British Petroleum. In 1959 the company extended from the Middle East to Alaska. The current CEO of BP is Bob Dudley (British Petroleum, 2011).

This report includes the Work breakdown Structure of the British Petroleum Company and its scope. Moreover the project management plan and the schedule for carrying out the project life cycle activities. The paper also determines the network plan of the Oil and Gas Company and the division of work among different departments in order to achieve competitive advantage. There is also a risk management plan where initially is the identification of the risk factors in the Oil and Gas Company and the controlling the risk.

Work Breakdown Structure of British Petroleum

The Work Breakdown Structure (WBS) is utilized for characterizing work bundles and advancing and following the expense and timetable for the venture. The work is broken down into assignments, each of which has an administrator, a mindful foundation, expenses and calendar, specialized extension, and, to the degree conceivable, a particular geographic bit of the machine.

In the organizational progression every level 3 component has a Task Manager who is answerable for the execution of the task gets ready for that component. He is likewise answerable for control of expense and timetable, quality and wellbeing, and documentation. Performance necessities for frameworks at level 3 and beneath will be made and pushed by a System Manager (Project Management Institute, 2006).

The WBS is utilized to indicate change control. The Project Management Plan determines the levels of approbation needed for progressions in expense or plan at every level of the WBS. The WBS is utilized for expense reporting. The undertaking will report costs and advancement to the Doe month to month at level 2 of the WBS. The undertaking administration will survey costs and advance month to month at level three. The System Managers will audit costs and advance month to month at the easier levels of the WBS (Pritchard, 1998).

The Scope of the WBS

Encountered venture administrators know there are numerous things that can happen in ventures paying little mind to how adequately they arrange and execute their work. Part or full-venture disappointments, when they do happen, can regularly be followed to a defectively improved or non-existent ...