Response Discussion 1

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Project Analysis

Response Guidelines

Offer two other learners constructive feedback on their answers.

Student 1

What is the background of this project? That is, why is it being done and what are the key player's expectations?

The background of this project is that as a leader in its markets, Hopkins and Associates plan was to "develop and extend its competitive advantage, and profitability, by developing sophisticated applications software for its engineers to use to leverage and extend their work product" (Davis, 2005). Key players expectations was for a software that can accurately estimate the rate of production over time and that point in the future when a given producing property will stop producing. The way to determine the value of an oil or gas field is by how much oil and gas the field will produce and the price per barrel of crude oil and the price per million cubic feet of natural gas, over the life of the field (Davis, 2005). With the Reserves Economics Evaluation, a oil or natural gas company can assess their economic health is by analyzing its producing properties, estimating the amount of producible reserves it has in the ground, and forecasting the selling price of these reserves in the future when they are expected to be produced. This will allow them to project the dollar value of their reserves.

Who are the stakeholders for this project?

The stakeholders for this project lending companies that funded the project can also be seen as stakeholders. Oil and natural gas companies that can benefit from the research and development of this software can have stake in this project.

What is the organizational context of this project?

The organizational context of this project has Hop Hopkins as Chairman and CEO on top of the organizational chart with President of Hopkins and Associates Inc., Larry Jordan, reporting to him directly. Underneath we have Presidents of Hopkins Computer Services and Gas Pipeline as well as Vice Presidents of Exploration & Drilling and Reservoir Engineering with those who report to them following.

References:

Davis, C. K. (2005). An experiential case study in IT project management planning: The petroleum engineering economics evaluation software imperative. Journal of Cases on Information Technology, 7(1), 1-21. doi:http://dx.doi.org.library.capella.edu/10.4018/jcit.2005010101

Student 2

What is the background of the project? That is, why is it done and what are the key player's expectations?

The background of the project is a consulting engineering firm, Hopkins & Associates. developing a software system that can help companies in the petroleum industry assess their reserves economics evaluation. The key player’s expectation is the creation of a software system for the Hopkins & Associates’ engineers to use that would enhance the evaluations provided to petroleum companies about their oil and gas reserves. In addition to the creation of the sophisticated three-dimensional software system, ensuring all the deliverable to execute the project are in place from project planning, management of the project, costing, work breakdown schedule, human-power loading, and budget. (Davis, 2005).

Who are the stakeholders for this project?

The stakeholders are anyone who will be directly or indirectly working on and contributing to the planning and execution of the project. On this project, there are several stakeholders which include but are not limited to Hop Hopkins, Chairman & CEO of the Hopkins Companies Inc., Larry Jordan, President of Hopkins & Associates Inc. and his team Tommy Smith, VP of the reservoir engineering along with Jack Crocket and Em Stemson who are supervisors of the reservoir engineering; Ken Summers, President of Hopkins Computer Svcs. Inc. who presented the project and David, of David M. Gardner Associates, who will be the Project Manager.

What is the organizational context of this project?

The organizational context of this project is accessing and managing the needed resources to execute Ken’s proposed three-dimensional software system. In addition, understanding any risk or challenges and putting in place processes to overcome and successfully accomplish the proposed projects goal.