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Assessing Success in Iranian Petrochemical Projects “A Lifecycle Approach”

Shariatfar, Moeed | 2017

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  1. Type of Document: M.Sc. Thesis
  2. Language: English
  3. Document No: 49819 (53)
  4. University: Sharif University of Technology, International Campus, Kish Island
  5. Department: Science and Engineering
  6. Advisor(s): Mortaheb, Mohammad Mehdi; Beigi, Hassan
  7. Abstract:
  8. For sometimes researchers and practitioners have realized that the traditional success criteria, known as iron triangle (time, cost, quality), are not adequate indicators to align a project execution with the long term success trend of an organization. Many other success criteria in addition to time, cost and quality of a project can negatively or positively affect the long term success of an organization. Evaluating the project life cycle success is to some extent more judgmental and usually there is no agreed upon measures defined prior to the project execution. There are many stakeholders affected or involved in the life cycle of a project like; owner, contractor, operator, customers, etc. The perception of project success may differ from one stakeholder to another. On the other hand, petrochemical projects are of high complexity and a vast variety of parameters needs to be monitored to produce on-spec products according to customer requirements. In order to have a lifecycle appraisal, success criteria for all of the stakeholders should be considered. Therefore, in this research, petrochemical projects were divided into 5 different phases for success criteria characterization. First, the success criteria, previously recognized important and effective by other researchers, are identified in this study. Then new categorizations are provided using a novel Success Breakdown Structure (SBS) in order to be able to easily assess the success of the project based on the main stakeholders’ or managers’ perceptions. After conducting a comprehensive survey, the results were analyzed using SPSS. It was found that expected profit is still one of the most important success criteria to all stakeholders. It was also found that while designers are more interested in developing new construction technologies, contractors are more driven by profit maximization and gaining credit for future construction projects. Likewise clients are more concerned about the “iron triangle (mentioned above), while users are mainly inclined towards fulfilling their needs and ability for solving their initial problems during commissioning and post-construction phases. Finally a project success measurement framework is provided for assessing success in a petrochemical project
  9. Keywords:
  10. Stakeholders ; Project Success ; Petrochemical Projects ; Success Criterias

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