02436nmc a2200277 4500 20260520005609.0 260224s2001 xxu ing Inglés Project Management as an Investment Budget Controller SPE 69598 Dallas, Texas Society of Petroleum Engineers 2001 12/09/06 ; 17/07/01 Project Management (PM) is a tool used in many industries to track large development projects from basic engineering to finalization. The main goals of PM are meeting cost, quality and time objectives. This paper shows basic application characteristics of PM, the tools required in implementation, main problems and results. Our challenge was to adapt this tool for tracking capital expenditures of projects exceeding their fiscal year budget, at different development stages and classified according to their nature (pipelines, treatment plants, electricity facilities, etc.) or to a common target (a particular field development) and with maintenance programs strongly linked to production. The PM system was implemented at the Puesto Hernández field, Neuquen Basin, Argentina. Capital expenditures of this field amounted to $100 million. As a result of this implementation and better contract planning, budget deviations were reduced by 90%, and timing, cost and quality objectives were met despite changes to the Investments Plan due to internal and external factors. In setting up the methodology, it was necessary to adapt Project Management to the accounting management system; develop procedures for programming tasks, tracking project progress and recording changes; coordinate different internal areas; optimize resource allocation; and correct deviations. CONGTP Fernández, H. 6481 Ardiani, G. 6482 Benitez, L. 6483 Munizaga, F. 6484 Latin American and Caribbean Petroleum Engineering Conference (7th : 2001 mar. 25-28 : Buenos Aires, Argentina) 5738 Ardiani, G. 6482 Benitez, L. 6483 Munizaga, F. 6484 Latin American and Caribbean Petroleum Engineering Conference (7th : 2001 mar. 25-28 : Buenos Aires, Argentina) 5738 Fernández, H. 6481 131158 131158 https://biblioteca.iapg.org.ar/ArchivosAdjuntos/LACPEC2001/Spe69598.pdf 0 0 0 0 202080 BVIAPG BVIAPG 2026-03-03 200003234 0 200003234 2026-03-03 01:41:17 2026-03-03 ARCHIVO