Student Final Year Project

Authors
Dicky Cassily Sylvester
Title
Identification of the important factors for project success in oil & gas companies and contractors at Miri, Sarawak
Location
The Library
School
School of Business: Master of Science (Project Management)
Year
2010
Call Number
Q658.404 SYL
Abstract

The oil and gas industry is a multi-million dollar industry, which operates both onshore and offshore. The industry is one of the largest high costing industries that requires high costing of maintenance, projects and at the same time one of the highest paying industries in the market. However, less known about its compliance to the Project Management Triangle (PMT) concept and their focus.

This research has investigated the extent of the application of the PMT in Miri, Sarawak. The aim of the research is to critically identify and evaluate the depth of the PMT concept applied in the execution of projects tendered by the oil and gas companies to relevant contractors. The objectives are to identify the focus of the oil and gas companies and the contractors on their focus and the constraint in which they are more prone to satisfy influenced by the PMT. It also identifies the critical dimension of cost, time and scope equals to quality in the PMT. Last is to identify the source of the oil and gas companies and contractors’ concern regarding the projects tendered. The Likert system was used to measure the value of the instruments. Only 60% out of the in tendered 400 respondents could be used for data analysis. The analysis is done using SPSS Ver. 17 and the “Mean” was used as the variable for analysis. THE ‘T-test’ and ‘independent T-test’ were used to identify the significant and insignificant factor in the projects.

The findings of the research showed that oil and gas companies and the contractors in Miri, Sarawak, used the PMT widely. Quality was identified as the most critical factor and concern compared to the traditional PMT belief.