Enterprise project portfolio management (EPPM) is mission critical to the oil and gas industry, which is driven by billions of dollars in capital investments. These large-scale exploration and production projects, if they fail, have an impact on the company and their share price. EPPM provides that full end-to-end capability to support the capital asset lifecycle – from planning, building & construction, operation & maintenance, to decommissioning. Read seven quick wins to lower costs and discover how to accelerate revenue.
Asset intensive organizations like Oil and Gas have their own industry specific challenges when it comes to managing their asset's lifecycles. One area that is often overlooked or pushed off until the last minute is the decommissioning phase of their assets. Leaders in the industry turn to three areas to transform their business-Risk and Financial Management, Operational Excellence, and Innovation
This report from the Aberdeen Group explores the challenges that those in asset intensive industries face when it comes to managing their asset’s lifecycles. Leaders in this industry turn to three areas to transform their business – Risk and Financial Management, Operational Excellence, and Innovation.
Global competition and volatile markets are creating a challenging business climate for project based firms which leave them with little room for error when managing projects. Oil & Gas companies have their own individual challenges when it comes to managing their asset's lifecycles, but one area that is often overlooked or pushed off until the last minute is the decommissioning phase of their assets. The key to decommissioning is delivering projects and milestones on time and within budget. Those companies looking to improve the retirement phase of their asset’s lifecycle should follow this checklist.