ABSTRACT
As discussed in the preceding chapters, the oil and gas industry can benefit from the proven tools and techniques of project management that have been used in other industries before the oil and gas industry came of age. With appropriate adaptation, customization, and extension of the tools and techniques, the unique aspects of projects in the oil and gas industry can be attended to. This chapter, reprinted from the Defense AT&L magazine, illustrates a specific extension that is relevant for the oil and gas project environment. The chapter introduces the methodology of incorporating drag and drag cost into the conventional critical path method (CPM). It can serve as a template for scheduling, planning, and control in all types of projects.
