Coordination of Project and Current Activities on the Basis of the Strategy Alignment Metamodel in the Oil and Gas Company

Abstract

Purpose: the purpose of this article is to describe the Strategy Alignment Metamodel of the project and current activities, which allows us to connect the Goals and Strategies for Phases of the project with the Goals and Strategies of the company at all levels of the organization through targeted measurement and application of Interpretive Models. Building Networks of Goals and Strategies, and adopting organizational solutions, you coordinate the interaction of the Project office and departments of the company. This methodology is based on a Logical Rationale of the Contexts and Assumptions for establishing Goals and Strategies both for the project and for the company, and on preparation of Contexts and Assumptions, Goals and Strategies Alignment Matrices, which provides a flexible adaptation to the internal and external environment in the process of selecting the most successful Strategies to achieve the Goals. Methods: this article is based on the concept of Goals-Questions-Metrics+ Strategies, which is adapted as another concept of strategic monitoring and control system of projects: Goals-Phases-Metrics+Strategies. These concepts have formed the basis of the Strategy Alignment Metamodel, where a technology of Phases Earned Value Management is used as a measurement system for the project activity, and Balanced scorecard is applied for current operations. Results: strategy Alignment Metamodel of the project and current activities of the company is proposed hereby. It uses modern strategic monitoring and control systems for projects: Goals-Phases-Metrics+Strategies, and for the company: Goals-Questions-Metrics+ Strategies. The interaction between these systems is based on Contexts and Assumptions, Goals and Strategies Alignment Matrices. The existence of such matrices greatly simplifies management decisions and prevents the risk of delays in the execution of project Phases based on rational participation and coordination of the company’s departments. This model and the Networks of Goals and Strategies of the project and current activities, which are produced on its basis, have found practical application in the realization of construction project of production line of the LNG plant (Liquefied Natural Gas) and have led to effective communication between the Project office, departments and external stakeholders. Conclusions and Relevance: these studies show that the Strategy Alignment Metamodel is effective in the coordination of the project and current activities; as a result it is possible to agree the Contexts and Assumptions as well as Goals and Strategies. Forming Networks of Goals and Strategies, it is easier to monitor the activities of the departments of the company in case of their participation in the execution of the project phases and divide responsibilities between them. Application of Strategy Alignment Metamodel leads to better identification and management of risks that arise due to poor communication of the Project office with the departments of the company in delegation of works on the project Phases execution. Single database for Networks of Goals and Stretegies, Contexts and Assumptions, Goals and Strategies Alignment Matrices can serve as templates for future projects and training of the company’s project managers.