Project owners


Owners of capital projects in the energy industries have often ignored their project management responsibilities. As a result, they have failed to adequately manage their project resources. This paper proposes a management model that energy industry project owners can use to strategically manage their capital projects. It opens by defining strategic management, strategy, and projects and by identifying the project owner's thirteen project management responsibilities. It then outlines a management system for proactively planning, organizing, and controlling the resources used to support enterprise purposes, a system that involves articulating a clear mission statement and developing six project management sub-systems: structure, information, planning, control, culture, and human resources. It then discusses two case projects--one failure, one success--in relation to the impact of not using and using the six sub-systems.
member content locked

Log in or join PMI to gain access

or Join



Related Content

  • pulse-of-the-profession-2019-thumbnail.jpg

    Pulse of the Profession 2019

    What’s your PMTQ? Our Pulse of the Profession® research shows that organizations that combine technical skills with project management approaches drive more successful outcomes.

  • PM Network

    Bracing for a Storm member content locked

    By Gustafson, Katie The global economy has been called "buoyant" and "bullish." But what if it goes bust? Developing markets hit 4.5 percent combined growth in 2018 and seem on track to hit 4.7 percent this year,…

  • PM Network

    Familiar Faces member content locked

    By Bishel, Ashley Widespread use of facial recognition technology isn't just for phones anymore. Retail companies are launching projects to drive revenue, cut costs, eliminate theft and improve the customer…

  • PM Network

    Remade to Order member content locked

    By Fister Gale, Sarah McDonald's CEO Steve Easterbrook ordered change—and he wanted it fast. The leader of the world's second-largest restaurant chain last year gave his team less than a year to complete a massive…

  • PM Network

    R&D Race member content locked

    R&D can be the lifeblood of innovative initiatives, and an October PwC study shows that—across almost all regions and industries—the blood is pumping.


Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.