Project Management in the Oil and Gas Industry

1.5.3 Define the Time Frame
One important factor in determining the objectives of the project is to develop 
a plan for the project through a time schedule. It should be developed in the 
form of a base scale of the project, and the main objective of the base scale of 
the project is to put the project time in clear steps by preparing the calendar, 
which is one of the main pillars in the management of any project.
1.5.4 Define the Available Resources
The basic tool for identifying resources required is a list of work that out-
lines the required labor, materials, and other services for each of the activi-
ties and our numbers if we have a schedule for these actions. Then, you 
can have a clear idea of the necessary resources at different periods. At the 
Percentage of project completion
Time
I
ll
lll
IV
V
I -Feasibility (appraise)
II -Select (FEED) phase
III -Define (detail) phase
IV -Execution phase
V -Commissioning & startup 
Figure 1.3 Industrial project main phases.

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Project Management in the Oil and Gas Industry
same time, it is required to compile information on available resources and 
plan work required to achieve the project.
1.5.5 Define the Cost
The cost can be determined by the following:
• The quantity of resources required to implement any action
• Cost rates for each supplier of the resources
• The time of each work activity
• Fixed costs based on the activities
Therefore, the cost of the project varies according to the size of the proj-
ect and, consequently, the time of the implementation of any work depends 
on the time scheduled for the project.
Therefore, the budget for the project should agree with the rate of spend-
ing on the project in relation to the schedule prepared by the project team.