Exploration Project Management System (EPMS)

Abstract

Project management has become one of the most challenging and demanding aspect of managerial sciences all around the world. Success and failure of any underlying project mainly depends upon the maximum resource utilization, management of its different phases and finally their integration into the final product. EPMS is one such project that focuses on different tasks and phases involved in projects that exploration department of Oil and Gas Development Corporation Limited (OGDCL) undertakes for exploring the natural resources i-e gas and oil reserves in Pakistan. So far all the work and management of tasks is dealt manually and is paper based which makes every procedure redundant and cumbersome and it overstretches the budgets off the limits and it is hard to keep track of whether the tasks assigned are accomplished on time or not. For this project we shall have to understand the project management and related procedures adopted by OGDC Company in detail. The core objective is to optimize resource utilization and reduce communication time and costs which in turn will increase the synergy between the undertaken project and its progress. The major areas of work include Project estimation, Project Management, Human Resource Management, Resource Scheduling, Quality assurance, Communication and data acquisition. The undertaken project will completely automate the process of project management for the exploration department of OGDCL. We will begin with the human resource allocation for the underlying project which will include officials from top management to the personal belonging to the clerical staff. The tasks that are assigned to every personal are being tracked by the system and are compared to the time lines that are allocated for the particular task assigned. Each project will have a set time line that will be divided half yearly, quarterly or monthly as the need may be and the progress of each phase is judged by the time line set. The undertaken project will have a certain budget assigned and resources charge at the rate of per hour. The system will track the financials of the project and will also estimate about a particular project that how long it will take to generate profits. The system will analyze the overstretched schedules and will point out the task that becomes the cause of the delays in a particular project. Then there will be a module for data acquisition from local and international firms and usage of the acquired data. Drilling and critical timeline modules will as well be included according to the needs of a particular project. The end deliverables will include an identification and implementation of processes necessary for carrying a successful project. The implementation will be done to develop a tool which will help project managers to manage projects both effectively and efficiently, an interface for the top management to analyze the performance of the concerned project.