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.
As the oil and gas pipeline industry grapples with change at every level — including increasing pipeline operations and expanding regulatory oversight infrastructure —cost savings and operating efficiencies have become more important than ever. Both pipeline operators and contractors can benefit from utilizing EPPM solutions to help them pinpoint the best strategies to develop and implement projects from conception through execution to end game — thereby helping to reduce risk and manage cost. In the end, it’s all about smartly using an approach, such as EPPM solutions, like those from Oracle, to help pipeline operators and contractors reduce costs at the project, portfolio, and enterprise levels through the project lifecycle. The midstream companies that are able to implement the best approach to managing risk to their operations in the most cost - effective way will be the ones to best weather another tumultuous decade to come for the oil and gas industry.
With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil and gas projects present enormous management challenges for the organizations sponsoring them. Oracle helps oil and gas companies rise to these challenges – and reap the corresponding rewards – by providing an enterprise project portfolio management (EPPM) solution that gives them visibility into and control over every aspect of their operations.
This whitepaper reveals how Oracle recognises that the forces reshaping the engineering and construction industry require technology that can meet these demands. Oracle is committed to supporting the industry with innovative solutions, such as Primavera P6 EPPM Cloud Service.