Tuesday Jun 18, 2013

Optimize News: Utilities Special Report

Gaining actionable insight into project performance, controlling costs and mitigating risks can be the difference between success and failure for utilities organizations. Without the right visibility, financial discipline and operational efficiency their ability to maintain and manage infrastructure and take advantage of opportunities can be compromised.

Watch the ‘Utilities Special Report’ video and see how organizations like yours are using enabling technologies to: 

  • Optimize operations, minimize risks and improve resource efficiency.
  • Manage capital assets more effectively to reduce shutdown and turnaround time.
  • Reduce cost overrun by minimizing waste and inefficiency.
  • Better align operational execution with corporate strategy.

Tuesday Apr 23, 2013

Upcoming webcast: Discover how NiSource developed a successful project management environment during a period of rapid growth

Discover how your company can create a successful project focused business model in the energy industry today. Don’t miss this webcast and join April 29th, 2013 – 2pmET/ 11am PT.

Register for this webcast to learn what are the four main components required for developing a successful project management environment.  After years of exponential growth, Mike Hooper, VP of major projects from North Indiana Public Service Company (NIPSCO), will share in this webcast what he has learned to be critical components for successfully running projects in your business.  

The projection for growth and capital spending in the energy industry is skyrocketing; can you keep up with this rapid growth? Discover what NiSource has done to prepare for the demands of the future.

Monday Nov 26, 2012

Live Webcast: Crystal Ball: Simulation of production uncertainty in unconventional reservoirs - November 29

In our webcast on 29 November, Oracle solution specialist Steve Hoye explains how you can effectively forecast EURs for unconventional reservoirs – supporting better investment decisions and reducing financial exposure and risk.

Attend the webcast to find out how your Oil & Gas industry can:

  • Use historical production data and data from other unconventional reservoirs to generate accurate production forecasts
  • Conduct Monte Carlo simulations in minutes to model likely declines in production rates over time
  • Accurately predict probable EURs to inform investment decisions
  • Assess the site against key criteria, such as Value at Risk and Likelihood of Economic Success.

Don't miss this opportunity to learn new techniques for mitigating financial risk across your unconventional reservoir projects. Register online today.

"Oracle Crystal Ball is involved in every major investment decision that we make for wells." Hugh Williamson, Risk and Cost Advisor, Drilling and Completions, BP

Thursday Nov 08, 2012

Video White Paper: Successful Maintenance Management Strategies for Oil & Gas Projects

Watch this short video white paper to learn how you can optimize your daily and routine maintenance with Oracle Primavera’s project portfolio management solution.

You can also Register and read the full white paper “Optimizing Daily and Routine Maintenance through Project Portfolio Management” to discover how to:

  • Capture best practices to successfully manage daily and routine maintenance projects.
  • Keep your equipment running longer and more efficiently.

Thursday Oct 25, 2012

Video White Paper: Mega-Project Management: Reducing Risk & Complexity across the Value Chain

Watch this short video white paper, to learn how Oracle Primavera can help you keep projects on track and protect your investments.

You can also download the full white paper “Mega-Project Management: Reducing Risk & Complexity Across the Value Chain” to gain more in depth information about strategies for collaborating and sharing information and data in a systematic way across the value chain. Download the white paper in order to learn how your company can get the expected payoff from your next mega project.

Register now to download the full complementary white paper, and discover how to:

  • Improve decision-making and accountability through enterprise-wide visibility, workflows, and collaboration
  • Reduce financial and performance risk

Friday Sep 07, 2012

How to Reap Anticipated ROI in Large-Scale Capital Projects

Only a small fraction of companies in asset-intensive industries reliably achieve expected ROI for major capital projects 90 percent of the time, according to a new industry study. In addition, 12 percent of companies see expected ROIs in less than half of their capital projects.

The problem: no matter how sophisticated and far-reaching the planning processes are, many organizations struggle to manage risks or reap the expected value from major capital investments.

The data is part of the larger survey of companies in oil and gas, mining and metals, chemicals, and utilities industries. The results appear in Prepare for the Unexpected: Investment Planning in Asset-Intensive Industries, a comprehensive new report sponsored by Oracle and developed by the Economist Intelligence Unit.

Analysts say the shortcomings in large-scale, long-duration capital-investments projects often stem from immature capital-planning processes. The poor decisions that result can lead to significant financial losses and disappointing project benefits, which are particularly harmful to organizations during economic downturns.

The report highlights three other important findings.

Teaming the right data and people doesn’t guarantee that ROI goals will be achieved. Despite involving cross-functional teams and looking at all the pertinent data, executives are still failing to identify risks and deliver bottom-line results on capital projects. Effective processes are the missing link.

Project-planning processes are weakest when it comes to risk management and predicting costs and ROI. Organizations participating in the study said they fail to achieve expected ROI because they regularly experience unexpected events that derail schedules and inflate budgets. But executives believe that using more-robust risk management and project planning strategies will help avoid delays, improve ROI, and more accurately predict the long-term cost of initiatives.

Planning for unexpected events is a key to success. External factors, such as changing market conditions and evolving government policies are difficult to forecast precisely, so organizations need to build flexibility into project plans to make it easier to adapt to the changes.

The report outlines a series of steps executives can take to address these shortcomings and improve their capital-planning processes. Read the full report or take the benchmarking survey and find out how your organization compares.

Sunday Apr 01, 2012

Building in Change: Project Construction in Asset Intensive Industries

According to a recent survey by the Economist Intelligence Unit, sponsored by Oracle, only 51% of project owners rated themselves as effective at delivering their projects to scope, budget, and schedule when confronted with change. In addition only 43% rated themselves as effective at anticipating potential change.

Even with the best processes and technology in place, change is often an unavoidable part of the construction process. How organizations respond to change can mean the difference between delays and cost overruns, and projects being completed on schedule and on budget.

Implementing Enterprise Project Portfolio Management and using a solution to help manage and automate those process can help asset intensive organizations:

  • Govern project and program compliance and regulatory requirements for project success
  • Unite project teams and stakeholders through collaboration and strong feedback methods to speed project completion
  • Reduce the risk of cost and schedule overruns and any resulting penalties to deliver on time and on budget
  • Effectively manage change throughout the project life cycle
  • Ensure sufficient capacity, utilization, and availability of people, skills, and other resources to meet commitments.

The results of the recent EIU survey, sponsored by Oracle:"Building in Change: Project Construction in Asset-Intensive Industries", will be revealed in an upcoming webinar with Hart Energy / Oil & Gas Investor, featuring the Economist Intelligence Unit and Oracle on April 11th at 1pm CST.

Click here for further information or visit http://www.oilandgasinvestor.com/

Monday Dec 26, 2011

How portfolio management can reduce project portfolio costs and speed time to completion

In today’s increasingly complex and volatile business environment, companies in asset-intensive process industries need to achieve the expected return on their capital investments. Portfolio management can help companies make critical enterprise investment decisions by simplifying the investment selection process. In addition, portfolio management solutions can help organizations balance short and long-term planning, integrate planning groups across the organization, and align planning with execution, resulting in better decision-making that delivers enterprise value.

The Benefits:

  • Select, prioritize and align initiatives to achieve objectives
  • Understand the impact of changing or adding initiatives to portfolios
  • Track performance throughout the investment lifecycle process

Here is a 2 minute flash demo explaining how to improve capital investment portfolios with portfolio management.


Information and insights on project portfolio trends and best practices, including cloud project management.

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