Projects & Portfolio Management

Projects & Portfolio Management

The Importance of Projects

With the Oil price recovering, a return to more “normal” operations, many Energy companies are looking again to investment opportunity or drive significant improvement initiatives. Having a fully integrated Project and Portfolio Management solution to support this life cycle process has never been more important. The success of any project is to deliver to the timescales, with a lower cost and deliver against the identified benefits. The need to increase productivity more efficiently and deliver this with a view to the decarbonization of operations.

Why is there a need to improve capital management?

  • Select well - Multiple pieces of work competing for the same limited financial and staffing resources.
  • A common logic - Strategies are not aligned across the various entities or business units driving the Programs / Projects.
  • A common way of working - Divergent processes & models for managing and reporting on Program / Project performance and progress.
  • How are things going - No ability to track progress and have clear accountability for delivery.
  • A complete solution - A multitude of toolsets/systems across the organization leading to inconsistent data, duplication, and siloed information.

Helping you manage your capital investments in Energy

Project and Portfolio Management – Asset Life Cycle Support

  • delaware has developed a focused capability around SAP PPM and SAP S/4 HANA, which has been aligned to support operations from program selection, through initiation, execution to completion and close out.
  • Designed to reduce the issues around making the right decision on program versus organizational priorities to efficient execution of program activities and monitoring of the portfolio to keep key stakeholders informed and making the right decisions. 
  • A fully integrated solution removing the need for any manual intervention.

Benefits of Proper Project & Portfolio Management

  • One Process - A common way of working across the whole organization for the portfolio and Project life cycle.
  • One Solution - A single integrated solution enabling the Portfolio and Project Life Cycle. One system one truth.
  • Information - Increased accuracy, quality, and timeliness of data for all interested parties within an organization. No need for external data manipulation.
  • The right decisions - Delivers the ability to prioritize Projects, Proposal, Concepts in a consistent and objective way using a common set of evaluation criteria rather than based on political or emotional factors.

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