Performance Evaluation of a Drilling Project in Oil and Gas Service Company in Indonesia by MACBETH Method

Abstract

Decision-making in a project is a complex undertaking. A project is a temporary organization that is surrounded by inherent uncertainties. Uncertainties that may occur in the project, among others, are the uncertainty of the time, cost, and quality. To overcome this complexity, we need a project performance evaluation. At one of the services the oil and gas in Indonesia, the performance evaluation has been done, but it is done separately and only few criteria are evaluated, so that the overall project performance is still not visible. Therefore it is necessary to evaluate the performance of the company's project with the MCDA (Multi Criteria Decision Analysis) approach using MACBETH (Measuring Attractiveness by a Categorical Based Evaluation Technique) method that can model the elements of the project into a supervisory level group to facilitate decision making by the project manager. These measurements will produce levels of monitoring classification of project element groups, i.e. absolute vigilance, strong attention, close surveillance, and normal monitoring of the project elements. This research finds that the criteria of Effectiveness, Efficiency, Time, Cost, and Complete Reports & Field Tickets require absolute vigilance so that the performance criteria can be increased.