Upstream, Midstream and Downstream companies are challenged with working in an environment where small delays or overruns in projects can significantly impact success. EcoSys provides centralized and standardized approach to project portfolio management, project controls and project management that improves governance and ensures projects finish on time and within budget.
Key Benefits of EcoSys for the Oil & Gas Industry
EcoSys helps you manage projects of all sizes and types – from small maintenance projects to large mega projects – keeping them all under control. Improve performance across your entire project portfolio through:
Full visibility improves accountability and allows you to make better decisions and proactively manage issues and risks.
Standardize common processes across all projects to improve governance and controls while increasing efficiency.
Improve CAPEX and OPEX project investments by strengthening portfolio management processes and reducing opportunity costs.
Minimize Risk. Maximize Impact.
With projects investments recovering, but not expected to reach pre-COVID levels, the ability to select the right projects, and execute them efficiently is more important than ever. Relying on manual processes and decentralized spreadsheets is time consuming and exposes projects to unnecessary risks. The need for accurate forecasts and effective progress reports is essential in successfully delivering on organizational goals and objectives.
Enterprise Project Performance technology helps you digitize, centralize and standardize key processes. Approaching project performance from an enterprise-wide perspective improves efficiency, predictability and control across your organization and allows you to confidently make decisions that improve project outcomes.
Integrate Strategy with Project Planning and Delivery
EcoSys brings together critical project data into a single, integrated solution for project portfolio management, project controls and project management. Full visibility into the performance of projects helps you avoid risks and issues before they occur. See measurable improvements to key business processes like:
- Analyze project cost data using up-to-date dashboards and reports.
- Compare commitments to budgets and actuals.
- Gain key insights based on accurate information to inform corrective action.
- Manage and control the cost impact of changes, risks and issues using EcoSys Visual Workflows.
Project & Contract Planning
- Create projects using standards, templates and flexible coding structures.
- Develop detailed milestones and schedules to monitor and track performance
- Integrate schedule and cost information to create time-phased baselines
- Develop accurate cash flow forecasts.
Budgeting & Forecasting
- Create accurate budgets to avoid overruns.
- Develop detailed cashflows with integrated cost and schedule.
- Manage and control changes and contingency use.
- Manage costs, quantities and hours for any number of budget types and revisions.
- Accurately predict project outcomes with forecasting methods based on industry best practices.
- Utilize unique metrics to improve project predictability.
EcoSys helps us deliver our refinery projects at 12% lower costs and 22% faster schedule than industry average.
Engineering Supervisor, Major Projects Group
Leading Petroleum Refining Company