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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Managing Oil & Gas Companies: Probabilistic methods with simulation help predict timing, costs of projects. Wood, D. Oil and Gas Journal,12th November 2001, 99(46) pp.
Continuous probabilistic techniques involving simulation can help managers predict the likelihood of time and cost overruns in all types and sizes of oil and gas projects. By deriving time and cost forecasts from a series of trials, simulation offers insight into project risks and quantifies the chances that a project will be completed within budget targets and deadlines.
Abstract details
Journal title: Oil and Gas Journal
Subjects: Banking, finance and investment, Project Management, Policy and Governance, Economics, business and commerce, Wood and wood products, Fuelwood, wood residues and by-products, Oil and gas, Oil
