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Just How Much is Project Management Worth? Using Incremental Economics to Value Cycle Time, Cost, and Revenue of Petroleum Projects

This webinar is designed for anyone involved in planning and delivering economic project results on petroleum projects. It will introduce and use incremental economics to show how project management practices effect delivery of economic results on petroleum projects.
Webinar attendees will be provided with the opportunity to download - at no cost - spreadsheet to scope the ‘incremental project’ calculations.

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Webinar Objectives

  1. To describe how incremental economics can be used to quantify the value of project management practices.

  2. To demonstrate how to use the approach on three example petroleum projects: a deepwater field development, a gas plant, and an unconventional asset

What Will Attendees Learn?

  1. How to scope the effects of project cycle time, project capital costs, and net income effect project return

  2. How to use incremental economics to estimate the value of effective project management practices

  3. How different Project Management practices effect project economics

Who Should Attend?

This webinar is intended for project managers, asset development managers, and those responsible for corporate project management processes. It is also useful for project planning and operations personnel, and management and field development planning personnel with responsibility for delivering project results.

About the Presenter

Ford Brett is recognized worldwide as a leader in Petroleum Project and Process Management. A registered Professional Engineer, Mr. Brett has consulted in over 45 countries on five continents. Formerly, Mr. Brett worked with Amoco Production Company where he specialized in drilling projects in the Bering Sea, North Slope of Alaska, Gulf of Mexico, offshore Trinidad and Wyoming.

In 2010, Mr. Brett advised the US Department of Interior as one of seven reviewers of the 30 Day Study immediately following the BP Gulf of Mexico Tragedy, and in 2011 thru 2012 he served on the National Academy Committee to advise the US Bureau of Safety and Environmental Enforcement (BSEE), charged with evaluating the Effectiveness of Safety and Environmental Management Systems for Outer Continental Shelf Oil and Gas Operations. From 2015 through 2017, he served on the National Academy's Gulf Research Program Advisory board.

He has received many honors, including the 2000 Crosby Medallion for Global Competitiveness by the American Society for Competitiveness for its work in global competitiveness through quality in knowledge management, best practices transfer, and operations improvement. For his work on improved drilling techniques he was also honored in 1996 with a nomination for the National Medal of Technology, the US Government's highest technology award.

Mr. Brett has authored or co-authored over 30 technical publications and has been granted over 30 US and International patents - including several patents relating to elimination of Drill Bit Whirl (which the Oil and Gas Journal Listed as one of the 100 most significant developments in the history of the petroleum industry). In 1999 the Society of Petroleum Engineers honored him as a Distinguished Lecturer. He served on the SPE International Board of Directors 2007 to 2010 where he served as Drilling and Completions Technical Director. Mr. Brett holds a BS in mechanical engineering and physics from Duke University, an MS in Engineering from Stanford University, and an MBA from Oklahoma State University.


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