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Managing Change: Strategies and Tactics to Review the Portfolio

Managing Change: Strategies and Tactics to Review the Portfolio

Joy Gumz
Copyright: © 2017 |Pages: 24
ISBN13: 9781522521518|ISBN10: 1522521518|EISBN13: 9781522521525
DOI: 10.4018/978-1-5225-2151-8.ch014
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MLA

Gumz, Joy. "Managing Change: Strategies and Tactics to Review the Portfolio." Project Portfolio Management Strategies for Effective Organizational Operations, edited by Luca Romano, IGI Global, 2017, pp. 334-357. https://doi.org/10.4018/978-1-5225-2151-8.ch014

APA

Gumz, J. (2017). Managing Change: Strategies and Tactics to Review the Portfolio. In L. Romano (Ed.), Project Portfolio Management Strategies for Effective Organizational Operations (pp. 334-357). IGI Global. https://doi.org/10.4018/978-1-5225-2151-8.ch014

Chicago

Gumz, Joy. "Managing Change: Strategies and Tactics to Review the Portfolio." In Project Portfolio Management Strategies for Effective Organizational Operations, edited by Luca Romano, 334-357. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2151-8.ch014

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Abstract

The falling price of crude oil has caused the price of diesel and gasoline to drop, workers to be laid off, and competitors to consider merging. It has also provided a real-world view of companies applying project portfolio management as projects have been delayed, put on hold indefinitely, or closed down completely. Energy companies have shelved $400bn of spending on new oil and gas projects since the price collapse, delaying millions of barrels a day in future output from the Gulf of Mexico, Africa, Kazakhstan, and other areas (Adams, 2016). The price of crude oil, which traded above $100 since 2011 has dropped over 50% since September 2014 due to a lack of global demand plus continued production by Saudi Arabia and others. This chapter will look at strategies and tactics used by companies including Chevron, Royal Dutch Shell, and Total SA in reviewing and rebalancing their project portfolios. These approaches have application to other industry sectors.

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