Drilling Completion Procurement Prioritization Template

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Ensure timely procurement of crucial drilling completion materials with this Priority Matrix template. By categorizing tasks based on urgency and importance, this template helps you streamline procurement processes, prevent overlooked tasks, and meet critical deadlines.

This comprehensive guide covers everything from finalizing procurement lists and contacting suppliers to securing financing and reviewing contracts, ensuring a smooth and efficient procurement process in the oil & gas industry.

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Drilling Completion Procurement Prioritization for Priority Matrix

Drilling Completion Procurement Prioritization in Priority Matrix

Organize and prioritize procurement tasks for drilling completion materials in the oil & gas industry.

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Proposed Tasks

Urgent and Important

  • Task 1: Finalize Procurement List - Due in 2 days
    ☐ Identify necessary materials ☐ Confirm quantities ☐ Get approval on list
  • Task 2: Contact Preferred Suppliers - Due in 1 week
    ☐ Send procurement list ☐ Confirm availability and delivery times
  • Task 5: Place Orders - Due in 1 month
    ☐ Confirm final details with suppliers ☐ Submit purchase orders
  • Task 6: Arrange Transportation - Due in 5 weeks
    ☐ Coordinate with logistics team ☐ Confirm delivery dates
  • Task 19: Prepare for Next Procurement Cycle - Due in 10 months
    ☐ Identify necessary materials ☐ Prepare procurement list

Important, Not Urgent

  • Task 9: Inspect Received Materials - Due ongoing
    ☐ Coordinate with quality team ☐ Ensure satisfactory condition
  • Task 3: Secure Financing - Due in 2 weeks
    ☐ Prepare cost estimates ☐ Submit for approval
  • Task 4: Review Supplier Contracts - Due in 3 weeks
    ☐ Confirm terms and conditions ☐ Ensure compliance with company policy
  • Task 12: Review Procurement Process - Due in 3 months
    ☐ Identify any issues or bottlenecks ☐ Suggest improvements for future procurement
  • Task 15: Evaluate Supplier Performance - Due in 6 months
    ☐ Review quality of materials ☐ Assess delivery timeliness ☐ Consider cost-effectiveness
  • Task 18: Conduct Internal Audit - Due in 9 months
    ☐ Review procurement processes ☐ Ensure compliance with company policy

Urgent, Not Important

  • Task 10: Handle Invoices - Due ongoing
    ☐ Review and approve invoices ☐ Submit for payment
  • Task 8: Track Deliveries - Due ongoing
    ☐ Monitor delivery status ☐ Update stakeholders as necessary
  • Task 7: Plan for Storage - Due in 6 weeks
    ☐ Identify storage requirements ☐ Arrange for necessary space
  • Task 17: Update Inventory System - Due in 8 months
    ☐ Ensure accurate tracking of materials ☐ Consider system improvements

Neither Urgent nor Important

  • Task 11: Maintain Supplier Relationships - Due ongoing
    ☐ Regular communication with suppliers ☐ Handle any issues or disputes
  • Task 13: Update Procurement Policy - Due in 4 months
    ☐ Reflect changes or improvements in policy ☐ Communicate updates to team
  • Task 14: Training on New Procurement Policy - Due in 5 months
    ☐ Prepare training materials ☐ Conduct training sessions
  • Task 16: Review Storage Efficiency - Due in 7 months
    ☐ Check space utilization ☐ Consider cost-effectiveness
  • Task 20: Review and Update Supplier List - Due in 11 months
    ☐ Consider performance of current suppliers ☐ Research potential new suppliers