Study on Dynamic Situation Management of Uncertain Project and Program Environment

Abstract

Engineering firms feel that it is difficult to achieve long-term program mission, because of continued decline in oil / gas prices. As the result, the engineering firms have become hard to earn high profit in traditional EPC business. Engineering firms, therefore, need to mechanism to set up and long-term management missions that provide to flexibly deal with uncertain situation. In this paper, the authors would like to discuss the framework and methodology of dynamic situation management to flexibly deal with the uncertain situation of the long-term program mission.