Article ID Journal Published Year Pages File Type
980074 Procedia Economics and Finance 2015 8 Pages PDF
Abstract

The aim of this paper is to explore whether it is possible to generalise findings on project execution in the oil and gas industry related to the use of project execution models anda 3D design environment, based on case study research. Besides, sufficient similaritiesbetween the two industrieswere assessed and the applicability of the findings from the cases in the oil and gas industry was assessed.The selected cases (the ongoing projects) have several principal similarities, but the extents of use differ. The project execution model (PEM) of the oil and gas industryis based on codified knowledge from project execution, which makes it easier to transfer such models to other industries. The use of 3D design environments or building information modeling (BIM) in the construction industryis similar to the use of PEMs in the oil and gas industry but BIM differs on model complexity and object information.Thefindings indicate that it may be possible to develop generalizable project execution concepts in the oil and gas industry by using the conceptual generalisation theory. Indeed, it is herein proposed that the high-similarity between the variables related to PEM and BIM enables the transfer and adaptability of PEM-based concepts to the construction industry.

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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics