The value of improving management of data and information as well as implementing processes to ensure knowledge sharing is often not considered when embarking on these investments. This note suggests a methodology that addresses how to estimate, measure and delineate the impact of information management (IM) technology and services relative to oil company business drivers, and quantify the business value an information management project can offer. In addition means to evaluate the risk and return on an information management investment will be provided.
References
1.
MayorT.: “Value Made Visible” CIO Special Report: “What's IT Worth?/Methodologies”, CIO, May 1, 2000.
2.
AndersonJ.C.NarusJ.A.: “Business Marketing: Understanding What Customers Value”, Harvard Business Review, November – December 1998.
3.
PearsonD.: “The Hidden Costs of Data Integration”, CIO, May 1,1999.
4.
D'AngeloJ.TroyB: “E&P productivity enhanced by organizational realignment”, World Oil, February 2000.
5.
EuskeK.J.PlayerR.S.: “Leveraging Management Improvement Techniques”, Sloan Management Review, Fall 1996.
6.
PohlmanJ.C.: “Geoscientists coping with more work, less training, more software, less help”, Offshore, October 1999.
