Case Study
Driving Cost and Schedule Accuracy for Clean Energy Megaprojects
About
A major U.S.-based energy company, serving millions of customers across multiple states, embarked on a high-stakes infrastructure project to deliver cleaner, more reliable energy while fostering regional economic growth. The initiative included the construction of two new nuclear reactors, marking the first such development in the U.S. in over three decades.
Industry
Energy & Power
Company size
5,000+
Headquarters
United States
Challenges
This groundbreaking clean energy project faced several challenges:
- Escalating Costs: Construction costs exceeded initial estimates by over $2 billion.
- Delays: Completion timelines were pushed back multiple times, creating uncertainty.
- Inconsistent Processes: Disconnected systems and inaccurate data hindered visibility and decision-making.
- Regulatory Oversight: Quality control issues led to increased regulatory scrutiny, adding further complexities.
Solution
To overcome these challenges, the company sought a scalable and integrated project management solution capable of:
- Enhancing cost and schedule tracking while reducing project risk.
- Providing real-time visibility into project status, trends, and forecasts across departments.
- Seamlessly integrating with Oracle P6, Microsoft Excel, and ERP systems.
- Connecting data across scheduling, cost, procurement, and field operations.
- Standardizing estimating processes with audit trails to track and document changes.
The chosen solution addressed these needs while supporting the company’s increasingly complex megaproject portfolio.
Results
The implementation of a robust project management platform delivered significant results:
- Improved Forecasting: Enhanced cost and schedule accuracy reduced project risk and provided better visibility into project health.
- Increased Efficiency: Real-time dashboards and pre-built reports empowered teams to make data-driven decisions.
- Proactive Contract Management: Streamlined workflows and mobile access enabled the company to handle contract changes effectively.
- Simplified Operations: Contractor activities, RFP management, and bid analysis were streamlined, improving overall efficiency.
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“Contruent allows us to reduce risk and increase the accuracy of our spend and schedule forecasting leading to improved planning, budgeting and control to help us stay on-time and on-budget.”
