Case Study
ROI of Enterprise Cost Management at Mid-Sized Oil & Gas Company
About
This case study shares how a mid-sized pipeline company in North America implemented PRISM for enterprise-wide cost management. They use PRISM over spreadsheet data entry to effectively manage budget cost, increase volume project capacity, and reduce time spent on month-end reporting and forecasting analysis.
Challenges
- Decentralized spreadsheets
- Time consuming month-end reporting
- Increasingly complex projects
Solution
Implement integrated project lifecycle management solution that:
- Integrates with SAP, manages budget cost, and provides an accurate forecast in minutes
- Reduces reliance on large spreadsheets
- Improves data accuracy and monthly reporting processes
- Prevents extra expense of hiring additional resources
Results
- Trustworthy project controls data
- Increased project volume capacity
- Reduced time spent on month-end reporting and forecasting analysis
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“By cutting down reporting cycle time, the team is able to focus their time and efforts on the high-value parts of project controls such as analysis and forecasting.”
