Mitigating the Impact of Scope Change on Project Cost Performance in the Global Oil and Gas Industry: Innovative Strategies and Sustainable Solutions from the Nigerian Experience

This study investigates the impact of scope change on project cost performance in Nigeria's oil and gas sector, focusing on a significant pipeline project. Initially budgeted at $588.2 million, the project costs rose to $775.3 million due to scope changes over an extended timeline. Using a case study approach, correlation and regression analyses revealed a statistically significant relationship between scope changes and increased project costs. The discoveries accentuate the need for effective scope management and recommend innovative frameworks to mitigate cost overruns, contributing to sustainable practices in the global oil and gas industry. The research offers valuable insights for project managers and policymakers aiming to optimize project execution and economic efficiency.

Institutions

Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2024-10-25
DOI
https://doi.org/10.5281/zenodo.13993543
Primary Topic
Construction Project Management and Performance
Type
article
Field-Weighted Citation Impact
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article

Mitigating the Impact of Scope Change on Project Cost Performance in the Global Oil and Gas Industry: Innovative Strategies and Sustainable Solutions from the Nigerian Experience

Zenodo (CERN European Organization for Nuclear Research)
Construction Project Management and Performance
article

Mitigating the Impact of Scope Change on Project Cost Performance in the Global Oil and Gas Industry: Innovative Strategies and Sustainable Solutions from the Nigerian Experience

article en

Abstract

This study investigates the impact of scope change on project cost performance in Nigeria's oil and gas sector, focusing on a significant pipeline project. Initially budgeted at $588.2 million, the project costs rose to $775.3 million due to scope changes over an extended timeline. Using a case study approach, correlation and regression analyses revealed a statistically significant relationship between scope changes and increased project costs. The discoveries accentuate the need for effective scope management and recommend innovative frameworks to mitigate cost overruns, contributing to sustainable practices in the global oil and gas industry. The research offers valuable insights for project managers and policymakers aiming to optimize project execution and economic efficiency.

Zenodo (CERN European Organization for Nuclear Research)
Link Consulting (PT), Texas Southern University (US)
Industry, innovation and infrastructure
Openalex Percentile: Top 60%
Construction Project Management and Performance
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Mitigating the Impact of Scope Change on Project Cost Performance in the Global Oil and Gas Industry: Innovative Strategies and Sustainable Solutions from the Nigerian Experience · Zenodo (CERN European Organization for Nuclear Research) (2024) | TGRS Research Map | TGRS