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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

Year: 2024

Type: conference-paper

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.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.13993543

Authors: Lucky Ehiziojie, Olanrewaju Adesina Adebara, Ukah Daniel Okoro, Samuel Ajayi, Kolawole Adeloye

Institutions: Alex Ekwueme Federal University, Ndufu-Alike, Texas Southern University

Language: English

Topic: Construction Project Management and Performance

Subfield: Management Science and Operations Research

Field: Decision Sciences

Domain: Social Sciences

SDG: Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W6893030079

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