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Oracle Teams with Accenture to Reduce Turnaround Costs and Risks

Turnarounds, shutdowns, and planned outages are a fact of life in oil and gas and other asset-intensive industries. Taking a key production asset offline for enhanced maintenance and capital improvements is occasionally necessary to ensure the resource operates at optimum efficiency and best supports the company’s current business objectives. But these projects are also fraught with risk. And while an asset is temporarily offline, it’s not contributing to company profits. Any cost or scheduling overruns further exacerbate the economic impact.

In the following interview, Geoff Roberts, director of energy strategy at the Oracle Construction and Engineering Global Business Unit, discusses the new Accenture Turnaround Lifecycle Solution Powered by Oracle and how it reduces risk and helps ensure successful turnaround projects.

Q: What is unique about this solution?

A: In the past, turnaround managers had to cobble together various niche and in-house products. To drive turnaround projects forward, this solution integrates best-in-class processes from Accenture with advanced enterprise project portfolio management (EPPM) technology from Oracle.

The guiding principle of the solution is the strategic scope of the turnaround project—helping managers define the highest priority activities to perform during the shutdown window. This requires a huge amount of control when you consider all the teams that must be involved. You have the owner’s team, suppliers bringing in all the necessary replacement components and equipment and then the people who are going to do the actual installation of the upgrades.

Q: Why is scope so important?

A: Because everything else revolves around it—procurement, contracts, scheduling, bidding for work. It’s essential to make the right assessments and prioritize what can fit into the shutdown window. Once scope is defined, it’s frozen—ideally six months or sooner before taking the facility offline. Any changes to scope after that are managed as exceptions.

Q: What other elements of a turnaround project does the solution address?

A: After companies define scope during the planning phase, the next step is pre-execution. This is when managers contract out for new equipment and labor, and manage the delivery of everything. Finally, there’s the execution window, when the actual work takes place, and eventually the start-up process.

This is the only complete solution on the market for the whole turnaround lifecycle. In the past, all of those interactions were manual. Now they’re integrated so the effort among all the various stakeholders becomes highly collaborative.

Register today for a webcast showcasing the Accenture Turnaround Lifecycle Solution Powered by Oracle on November 30.

Learn how Oracle transforms shutdowns, turnarounds, and outages.

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