Element 12×Finance and Legal
Finance & Legal in Management of Change
Management of change and project management
Why 7 of these documents sit here
Every investment decision is a change. Investment governance, cost estimating, authority for expenditure and IT project control are the business gates through which physical change passes. Running them as one change and project system stops the company approving the money and the change through separate routes that never meet.
Integrated reading of element 12 →Example documents, by tier
Standard 3
- Investment Decisions Approval StandardIntegrated readingIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 02 Policies and StandardsNot process safetyNot safety case critical
- Corporate Investment Governance StandardIntegrated readingIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 06 Asset Design and IntegrityNot process safetyNot safety case critical
- Early Phase Cost Estimating RequirementsIntegrated readingTypical exampleCompany-wideAlso in IOGP 510 · 06 Asset Design and IntegrityNot process safetyNot safety case critical
Process, procedure, work instruction 3
- Opex Estimate ProcedureIntegrated readingIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 07 Plans and ProceduresNot process safetyNot safety case critical
- Capital and Operating Cost Management ProcedureIntegrated readingIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 07 Plans and ProceduresNot process safetyNot safety case critical
- Value Assurance Review Close-out ProcedureIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety case critical
Supporting documents 4
- Authority for Expenditure Briefing TemplateIntegrated readingTypical exampleCompany-wideAlso in IOGP 510 · 07 Plans and ProceduresNot process safetyNot safety case critical
- Value Assurance Screening Assessment FormIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety case critical
- Discipline Assurance Review Terms of Reference TemplateIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety case critical
- Completion Assurance Review Report TemplateIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety case critical
Guidance · outside the system 2
Informative, not a “shall”. These belong in the knowledge base, not the management system. How this works →
- Valuation of Exploration Projects GuidelineIntegrated readingIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 07 Plans and ProceduresNot process safetyNot safety case critical
- Corporate Project Review GuidelineIn 1 of 3 operator registersCompany-wideAlso in IOGP 510 · 10 Assurance, Review and ImprovementNot process safetyNot safety case critical