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|Title: ||Development of a suggestive framework for the management of risk in the procurement process of the Oil/Gas Industry at Tullow Oil, Ghana|
|Authors: ||Owusu - Ansah, David|
|Issue Date: ||16-Nov-2015|
|Abstract: ||Procurement has been identified as capable of adding to an organizations’ competitive edge and also as a major player in every successful project. Procurement like all other endeavors comes with risk, and very crucial are the risks that come with the undertaking of Procurement activities in the oil/gas industry.
This study was a case study geared towards the Procurement Unit (PU) of Tullow Oil, Ghana (TOG) and involved twenty working staffs from TOG. Data was collected using questionnaires which most were close-ended questions and a few being dichotomous questions which demanded yes or no answers. Analysis of the data was done using SPSS software which gave a statistical description of the data for convenient and relevant discussions to be carried out on the results.
Findings showed that TOG has a six steps procurement process which involved: identifying a need, requesting for the need, approval of budget for the need, reviewing the scope of work/specification, sourcing –which involved tendering/request for quotation, and then tender evaluation plan. Findings also showed that TOG has a general risk management plan for the perusal of the whole organization, but has none for the individual departments within the organization, thus posing challenges for departments in undertaking their risk management tasks, which the PU was not an exception. The study also revealed the lack of familiarization with the AHP and Decision Tree Model (DTM). The study therefore suggested for the adoption of the Procurement Risk Management Framework developed, which has the tendency of providing efficient results, as similar kind of framework has been applied to complex works like the establishment of an oil refinery worth millions of dollars and has been proved worthwhile.|
|Description: ||A thesis submitted to the Department of Building Technology,
Kwame Nkrumah University of Science and Technology in
partial fulfillment of the requirement for the Degree of Master of Science in Procurement Management, 2015|
|Appears in Collections:||College of Architecture and Planning|
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