Oil & Gas Project Benefits Realisation Plan
This is a practical guide to building a benefits realisation plan for an oil & gas project project — how the project’s benefits will be measured and actually realised, adapted to the realities of delivering an oil and gas facility or field development.
What a Benefits Realisation Plan is
A benefits realisation plan is how the project’s benefits will be measured and actually realised. For the full concept and how it works in general, see Benefits Realization. On an oil & gas project project it plays the same role, tuned to this kind of work.
Why it matters for an Oil & Gas Project project
Oil & Gas Project projects live or die on delivering an oil and gas facility or field development. A well-built benefits realisation plan gives the team a shared, explicit reference for exactly that — reducing ambiguity, aligning stakeholders, and making problems visible early enough to act. Skipping it, or doing it generically, is how oil & gas project projects drift into avoidable delay and cost.
What to include
- Target benefits
- Metrics / KPIs
- Baseline values
- Owner
- Realisation timeline
Oil & Gas Project-specific considerations
Tailor the benefits realisation plan to the risks that most often derail oil & gas project projects:
- HSE and regulatory risk
- Remote logistics
- Commodity price exposure
Example
On a real oil & gas project project, the benefits realisation plan would be shaped by delivering an oil and gas facility or field development. In particular, it should explicitly account for the project’s biggest risks — HSE and regulatory risk, remote logistics, commodity price exposure — rather than treating them as afterthoughts.