The Effectiveness of Shared Services Engineering and Project Management as Basis for an Innovative Strategic Project Management System

This paper provides an overview of Centralized Shared Services Management (CSSM) concept as an idea initiated by SABIC top management to reach their goals successfully and to gain the expected values of strategic management change. These shared services organizations have been structured from Information System (IS), General Services (GS), Human Resources Management (HRM), and Engineering & Project Management (E&PM). All these departments are servicing and centralized setup. The project team was to manage this change of management using sophisticated, comprehensive and integrated software SAP system. Cost reduction and gaining specialization benefits are the main objectives of this change. The international market, thus, they have plans to enlarge their investment scale by large expansion so, they started building new petrochemical plants in the global market as well to cover petrochemical market demand and to shield their market segmentation as possible as they can. With this plan, an industry is further extending its worldwide leading position in the technology of converting gas to petrochemicals.