In order to profitably meet this demand, efficient planning and execution of projects that drive the business is paramount. Several factors complicate this challenge:

• Significant global expansion in exploration and capital projects
• Projects are becoming more complex
• Project costs continue to grow, while averaging 40% over budget
• Skilled-labor pool is shrinking, where 50% will retire in the next 10 years

As the leading provider of project and portfolio management solutions to the Oil & Gas industry, Primavera understands these challenges.

Our solutions enable effective planning and execution of projects that drive your business, no matter how large or small.

Solution proposed: Primavera P6, Primavera PertMaster & Primavera ProSight

Significant global expansion in exploration and capital projects

Primavera allows you to evaluate each investment and track its business performance:

• Displays high level summary view of your investment strategy
• Allows you to drill down for detail information on investments
• Performs “what-if” scenario planning to determine optimal portfolio opportunities

Quantifying project cost and schedule success

Primavera helps you determine confidence levels for project success, while easily identifying contingency and risk response plans:

• Quickly evaluate your schedule maturity and risk readiness
• Manage risks throughout the project with advanced Monte Carlo based cost and schedule analysis
• Incorporate changes live in the project

Getting all key stakeholders aligned

Primavera helps you align all global stakeholders in defining and executing scope of work for all projects:

• Flexible screens are easily customized to meet your needs
• Snapshot view of project milestones, with easy to understand graphics and charts
• Ability to quickly drill down to get project details

Effectively manage your multiple complex capital expansions across the globe

Primavera’s common database design offers complete project performance visibility:

• View cost and key performance Indicators (KPIs) for all regional projects
• Access all of your project and performance data across business units and regions
• Make efficient go/no go decisions based upon accurate and timely information

If changes to a project are not resolved in a timely manner, costs can increase

Primavera provides access to critical information in a timely manner to ensure a successful project:

• Flag issues, make desired changes, collaborate easily, and manage the results
• Access project information to gain status, drill down to the detail, review issues, and make changes on the fly
• Easily customize screens to meet your needs
• Include comments by line item to gain faster resolution
• Anytime, anywhere access for project managers and stakeholders via an easy to use web interface.

Lack of skilled personnel requires better utilization of existing/subcontractor resources

Primavera provides the ability to proactively track resource demand and address staffing requirements:

• Anytime, anywhere accessibility without sacrificing planning power
• Centralized data, accessible by everyone on the team, improves collaborative planning and control
• Easily manage change, so you and your team can see the impact
• Quickly monitor critical Earned Value metrics to monitor contractor progress