Portfolio Optimization, Capital expenses control

SITUATION

Challenge

Rapidly Improve capital expenses control and interdepartmental coordination and work flow. The client needed to improve its ability to have a reliable forecasting, planning and scheduling capacity in an order to establish a robust and effective proactive monitoring and controlling mechanism for all capital expenses. There were individual processes in the company to monitor a subset of capital projects however there was a lack of a tool and overarching process that provides oversight of the holistic capital portfolio.

Delta Gap Approach

Following a thorough assessment of the current situation among all functional groups Deltagap developed, proposed and implemented principles and processes to provide timely and reliable holistic view of all capital work and to establish a master work plan with a long-term resource planning and forecasting.

Actions Taken

A holistic view of all capital work; one source of truth in a standardized form that will have forecasting capabilities for up to five years
Established ongoing monitoring and management of capital or schedule overruns
Provided management team visibility into the progress of capital spend; timely and better decisions related to capital
Enabled productivity and cost optimization in other functional areas
Increased adherence to customer commitments
Optimized and reduced cycle time
Enabled EA partners to better understand resource requirements
Initiated development and implementation of a more accurate and reliable estimation process.
Created efficiencies with related processes (AFE, BVA) and alignment with key company initiatives.
New processes and systems that were focused on timely preparation of all needed permits, approvals and blue prints for the action in the field.

Achievement of all planed activities for a day is a spinning wheel of our motivation. Our motivation and drive comes from our clients’ satisfaction.