Abstract: This presentation shares the recommended practices and lessons learned from the development and deployment of an enterprise-wide cost engineering (CE) program within an environmental management company of a large integrated oil and gas corporation. Particular attention is given to how the CE development team addressed the following three critical roadblocks standing against the adoption of this program:
Organizational and cultural resistance;
Reliance on outsourced CE skills; and,
Absence of a centralized/standardized cost data management system.
An evaluation of the effectiveness of these three deployment risk mitigation strategies is reviewed. The three strategies include the following:
Change Leadership – a focus on the value of understanding behavioral and cultural components of organizational change.
Agile Deployment – a focus on the value of iterative learning in shaping organizational capability; and,
Centralized Information Management – a focus on the value of a centralized and standardized project cost management system.