Use of Project Stock
Hello All - I am working with a Drilling company who currently uses project stock to manage their joint venture well requirements. One of the problems they have is in maintaining control/visibility of their project stock.
The use a generic WBS element (and call it "Long Lead AFE") to purchase all their project stock. It's months later that they will then move it from the Long Lead AFE to the actual well AFE. During the period that stock sits in the Long Lead AFE, they have very little visibility of what's there. Because of the lack of control, they want to discontinue using project stock.
They are now considering replacing project stock with a plant - designated as Long Lead AFE. I think they will be creating more problems than not. Some of the problems/issues I see: 1) Release strategies for new plant, 2) plant to plant transfers when moving the stock to the final well destination, 3) configuration on a new plant, etc etc etc
I would like to hear from everyone on issues they see with using plant as opposed to project stock. And, if you like the idea, I'd like to hear that too!