Capital Project Challenges and Consequences
Engineering-centric projects (Oil & Gas, Engineering Procurement Construction, Architecture, Capital Construction, Aerospace, Etc.) face constant change and a competitive global market. To stay current and drive growth, companies must overcome relentless capital project challenges and consequences, including:
Lack of a Standardized, Enforced Workflow
Operating with inefficient processes and lack of accountability within projects causes increased man-hours, schedule slippages and the inability to identify and track project issues. ProjecTools allows users to enforce workflows across disciplines such as procurement, commissioning, etc. The end result is that managers and executives can efficiently track performance down to individual user’s tasks, generate invaluable reports (late action, discipline progress, status, and earned-value) to prevent financial loss, keep schedule, and maintain accountability.
Inaccurate and Incomplete Data
Poor communication and lack of organization are core capital project challenges that prevent success. Missing data, incomplete data and inconsistent reporting errors produce confusion, project delays, and lost credibility with clients as consequences. ProjecTools enforces workflows and ensures no steps are skipped or repeated unnecessarily and allows users to communicate consistently with clients. A central document repository and system-enforced processes prevent information mismanagement and loss. Leverage previous project knowledge, structure and experience to develop effective, efficient, repeatable processes with ProjecTools.
Inability to scale
Spreadsheets and siloed departments lack the flexibility, scalability and consistency required by today’s Oil & Gas asset owners and operators. These limitations lead to profit-killing mistakes that devastate reputations and paralyze company growth. ProjecTools provides scalable and proven project management tools to satisfy even the largest and most demanding client needs.
Poor Access to Information and Data
Today’s complex projects span the globe with team members and contractors in multiple locations and time zones. The consequence of using an outdated system that can’t accommodate is delayed access to project information and missed deadlines creating serious obstacles to successful project completion. ProjecTools web-based system gives users real-time access to the project information they need whenever they need it.
