FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2543526084> ?p ?o ?g. }

• W2543526084 abstract "Abstract In complex high-investment assets, project owners are primarily focused on engineering and geological uncertainties. Non-technical risks (NTRs), misunderstood or mispriced, pose huge impediments to the success in the current energy landscape, on average accounting for 75% performance failures. This paper presents a new integrated approach applied to the capital Project X situated near the Caspian Sea. The case study explores contingency recommendations, heat maps and correlation matrices to integrate NTRs into ongoing venture management. The proposed methodology is summarized in the following key milestones. 1st Process walkthroughs to obtain snapshot of internal system and identify key areas of NTRs. 2nd Value and interaction maps for visual alignment of identified challenges and the first level insight of potential interfaces. 3rd Development of a macro picture for NTRs integration using risk wheel, heat map, and bow-tie diagram; identification of optimal risk-taking zone and value impact simulation using Monte Carlo approach. 4th A trial assessment and prioritization of NTRs, according to their criticality to the project and potential manageability. The suggested approach was applied in Project X to amplify the universe of risks that is making up the current risk profile. Risk interactions were mapped in a correlation matrix; NTRs with complex risk nature were broken down into components to identify the root cause of events leading to its occurrence. Using qualitative criteria and speed of onset, risk interactions were evaluated for the highest risks and plotted in a heat map for a further prioritization. Based on simulation of impact, 55% of listed key risks are NTRs which confirmed the practical applicability of the suggested method. Full scale implementation of the proposed approach reduced bias towards operational threats across the project spectrum, increased awareness of teams towards potential risk sources, implemented more stringent levers of venture control resulting in better informed and confident investment decisions at the Consortium level. The novelty of presented work is a coherent approach that is still new for the petroleum industry. While not intended to replace already existing risk strategies, it challenges the technical mindset traditionally adopted in capital projects. The proposed method allows project teams, whether novices or experts, to react more proactively towards NTRs, building a solid foundation for the dynamic process that recognize the diverse nature of risk in the modern petroleum business." @default.
• W2543526084 created "2016-11-04" @default.
• W2543526084 creator A5024029839 @default.
• W2543526084 creator A5028980777 @default.
• W2543526084 creator A5057671308 @default.
• W2543526084 date "2016-11-01" @default.
• W2543526084 modified "2023-09-25" @default.
• W2543526084 title "Non-Technical Risks: A Practical Guide for Integration, Execution and Leadership" @default.
• W2543526084 cites W1964860579 @default.
• W2543526084 cites W1998643748 @default.
• W2543526084 cites W2021697120 @default.
• W2543526084 cites W2023974468 @default.
• W2543526084 cites W2106327281 @default.
• W2543526084 cites W2137887448 @default.
• W2543526084 doi "https://doi.org/10.2118/182540-ms" @default.
• W2543526084 hasPublicationYear "2016" @default.
• W2543526084 type Work @default.
• W2543526084 sameAs 2543526084 @default.
• W2543526084 citedByCount "0" @default.
• W2543526084 crossrefType "proceedings-article" @default.
• W2543526084 hasAuthorship W2543526084A5024029839 @default.
• W2543526084 hasAuthorship W2543526084A5028980777 @default.
• W2543526084 hasAuthorship W2543526084A5057671308 @default.
• W2543526084 hasConcept C112930515 @default.
• W2543526084 hasConcept C144133560 @default.
• W2543526084 hasConcept C41008148 @default.
• W2543526084 hasConceptScore W2543526084C112930515 @default.
• W2543526084 hasConceptScore W2543526084C144133560 @default.
• W2543526084 hasConceptScore W2543526084C41008148 @default.
• W2543526084 hasLocation W25435260841 @default.
• W2543526084 hasOpenAccess W2543526084 @default.
• W2543526084 hasPrimaryLocation W25435260841 @default.
• W2543526084 hasRelatedWork W1522927247 @default.
• W2543526084 hasRelatedWork W1601188770 @default.
• W2543526084 hasRelatedWork W1657894767 @default.
• W2543526084 hasRelatedWork W1997223831 @default.
• W2543526084 hasRelatedWork W2070459970 @default.
• W2543526084 hasRelatedWork W2095687514 @default.
• W2543526084 hasRelatedWork W2101081392 @default.
• W2543526084 hasRelatedWork W2122368308 @default.
• W2543526084 hasRelatedWork W2144628185 @default.
• W2543526084 hasRelatedWork W2185050314 @default.
• W2543526084 hasRelatedWork W2242559643 @default.
• W2543526084 hasRelatedWork W2320482446 @default.
• W2543526084 hasRelatedWork W2349099110 @default.
• W2543526084 hasRelatedWork W2533715177 @default.
• W2543526084 hasRelatedWork W282204968 @default.
• W2543526084 hasRelatedWork W2898324496 @default.
• W2543526084 hasRelatedWork W2907316082 @default.
• W2543526084 hasRelatedWork W3009474069 @default.
• W2543526084 hasRelatedWork W3081995756 @default.
• W2543526084 hasRelatedWork W587112132 @default.
• W2543526084 isParatext "false" @default.
• W2543526084 isRetracted "false" @default.
• W2543526084 magId "2543526084" @default.
• W2543526084 workType "article" @default.