Proceedings of SPE Annual Technical Conference and Exhibition 2004
DOI: 10.2523/90686-ms
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Managing the Tradeoffs: Similarities Between Managing New Product Development and Managing a Well Drilling/Completion Project

Abstract: TX 75083-3836, U.S.A., fax 01-972-952-9435. AbstractTo move and take action as quickly as possible, a development team must have a clear path and direction. It needs the best tools for the job and the ability to use them effectively. And it needs positive motivation to finish the work on schedule while achieving acceptable performance and quality goals. One of the potential "chokes" to the speedy delivery of both new products and new oil/gas wells is the decision-making process -the on-going debate between var… Show more

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“…For developments that rely on suppliers for delivery of critical equipment, services, and/or technology, an important element of success is to include a technical representative from each major supplier. Additionally, a well-constructed development process, such as a stagesand gates (or "toll-gate") process, helps the team break the work into manageable pieces and to focus upon the deliverables that will lead to success at the next step of the project (Shaw 2004). …”
Section: Planning a Projectmentioning
confidence: 99%
“…For developments that rely on suppliers for delivery of critical equipment, services, and/or technology, an important element of success is to include a technical representative from each major supplier. Additionally, a well-constructed development process, such as a stagesand gates (or "toll-gate") process, helps the team break the work into manageable pieces and to focus upon the deliverables that will lead to success at the next step of the project (Shaw 2004). …”
Section: Planning a Projectmentioning
confidence: 99%