Abstract
Currently, the oil and gas industry is one of the most significant world sectors, especially in the middle east region. However, sometimes the success of projects in the industry is at stake due to various factors. Poor ways of measuring performance in oil projects can lead to cost overruns, schedule delays, and changes in the scope of the project. As a result, this paper aims to create Artificial Neural Networks (ANN) Models for Predicting Performance Measurement of Iraqi oil projects to reduce estimation error for cost and time. ANN is utilized to develop three mathematical models for estimating Earned Value (EV) Indexes which are the Schedule Performance Index (SPI), Cost Performance Index (CPI), and To-Complete Cost Performance Indicator (TCPI). The data are based on (83) monthly reports starting on a date (26 Jun 2015) up to (25 August 2022) collected from the Karbala Refinery Project which is one of the huge and modern projects of the Oil Projects Company (SCOP), the Iraqi Ministry of Oil. The results show many important points such as average accuracy (AA%) for the CPI, SPI, and TCPI was 95.194%, 92.195%, and 83.706%, respectively, while the correlation coefficients (R) were 92.4%, 98.4%, and 93.7%. It has been shown that there are relatively few differences between the theoretical and actual results. Therefore, the ANN technique is used in this paper to emanate the prediction models for its more correct earned value indexes.
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The corresponding author can provide any data, models, or code created or used during the study upon request.
Abbreviations
- ANN:
-
Artificial neural networks
- CPI:
-
Cost Performance Index
- SPI:
-
Schedule Performance Index
- TCPI:
-
To-Complete Cost Performance Indicator
- MPE:
-
Mean percentage error
- RMSE:
-
Root mean squared error
- MAPE:
-
Mean absolute percentage error
- AA %:
-
Average accuracy percentage
- R 2 :
-
The coefficient of determination
- R :
-
The coefficient of correlation
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Acknowledgements
The corresponding author thanks the Karbala Refinery Project Authority, the General Company for Oil Projects (SCOPE), and the Iraqi Ministry of Oil, for providing us with all the information necessary for the research.
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This manuscript is part of a Ph.D. thesis Nidal Adnan Jasim wrote manuscript 2,3 reviewed the manuscript
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Jasim, N.A., Ibrahim, A.A. & Hatem, W.A. Artificial neural networks models for predicting performance measurement of oil projects. Asian J Civ Eng 24, 3597–3612 (2023). https://doi.org/10.1007/s42107-023-00737-8
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DOI: https://doi.org/10.1007/s42107-023-00737-8