ABSTRACT
The energy industry has undergone profound changes in the last several years: historical highs for oil prices have been replaced with a significant drop along with the shale gas revolution coupled with the growth of alternative and renewable energy. According to noted economist and author Jeremy Rifkin, we are entering the third industrial revolution, characterized by the effective convergence of the breakthrough energy and modern communications technologies. As the energy prices decrease, the competition is intensifying as the companies try to increase their sales by offering new products and services and by moving into new markets. Energy deregulation is gaining its momentum in Europe, North America, and some other regions. The executive management felt that the only way to reach its goals would be a disciplined and measurable approach to the project portfolio selection and prioritization to deliver the best products and services to the market.
