Oil & Gas Industry
Lifecycle Cost Management Software for Oil, Gas & Chemical
The smallest of delays can cost an oil and gas or chemical company millions of dollars. Projects are increasing in volume, size and scope, and the need to be scalable has become even more important. Relying on manual processes and decentralized spreadsheets exposes projects to risks and requires extensive time to prevent errors. The need for accurate forecasts and effective project progress reports is essential.
Oil & Gas organizations and their project managers are moving towards a more efficient month-end project process. Instead of manually updating information, organizations are utilizing project management software for real-time accurate project data so they can focus more time on data analysis over data entry. Industry players could focus on two key lessons: adopting a disciplined approach to capital investment decisions and leveraging digital technologies to achieve higher capital productivity.
Proven Cost Management for Top Oil & Gas Companies
Common Challenges for Oil & Gas Organizations
- Managing approvals of many project changes per period
- Increasing capacity
- Project teams are dispersed in multiple offices
- Reducing overcrowding
- Disintegrated cost and schedule
Digital Transformation in the
Oil and Gas Industry
More companies in this sector are deploying digital technologies to increase operational efficiency, productivity, reliability and predictability of operations.
The report dives into the challenge these deployments can face, in saying, “Implementation at scale can be complex in the capital-intensive oil, gas, and chemicals environment where the challenges of legacy equipment and the large number of suppliers should be addressed.”
This challenge is where Contruent software really shines as an oil and gas industry-leading project controls and project management solution. Contruent has worked with leading oil & gas organizations to improve cost management throughout the project lifecycle for more than 20 years.
20 Years of Experience Partnering with Oil & Gas Organizations Worldwide
Today, Contruent is used by many leading oil & gas companies including Shell, Big West Oil, Pembina Pipeline, Anadarko, Saipem, and BP.
Key Benefits of Cost Management Software
Implementing Contruent’s lifecycle cost management software provides infrastructure & rail organizations with game-changing benefits to deliver projects on time and on budget:
Increased project volume capacity and growing demand for liquified natural gas
Software integration and bi-directional communication between programs and systems
Reduced time spent on data input and more time for forecasting analysis and reporting
Dependable project controls data in one centralized location
Accurately measure project progress by incorporating milestones
Performance measurement as an earned value management system
Improve your Project Controls Strategy
Ready to explore if Contruent is a good fit for your projects? Sign up for a quick discovery call today.