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UAEAccounting Software for Energy, Oil & Gas
Plan with confidence and mitigate cost overruns
In industries as large as energy, oil and gas, even the smallest delay can result in major consequences worth millions of dollars. It's vital that both the resource owners and operating contractors work with speed and efficiency to limit any overruns. After all, the faster that resources can be claimed, the more profits can be made.
Deltek helps firms in the energy industry gain better visibility into their risks and make informed decisions. Available on-premise or delivered seamlessly and securely via the Cloud, Deltek solutions can help your firm develop cost and project schedules, create more realistic plans, forecast with confidence and create stronger portfolios.
Industry Solutions
PROJECT MANAGEMENT
Top-heavy industries such as energy, oil and gas face strict competition among its resource operators. Each project must be managed with the utmost accuracy and complete visibility in order to maintain a positive reputation with resource owners. Deltek solutions such as the Acumen Suite empower firms with the detailed diagnostics they need to manage multiple projects and platforms. They are easy to implement and provide valuable time savings — all with government compliance standards built in.
- Perform reliable schedule risk analysis with the Acumen Suite
RISK MANAGEMENT
While all projects face a certain level of risk, the amount is amplified in the energy industry due to sheer costs. In addition, factors such as renewable fuel sources, biotechnology and pressure to develop alternative sources contribute to the industry's complexity. Resource operators need a full-featured solution to build and analyze risk models, and that's how Deltek can help. In fact, 8 out of the top 10 oil and gas operators in the USA use Deltek products such as Acumen Risk to manage their projects. Acumen Risk provides:
- True cost and schedule risk analysis against native project plans
- An accurate, user-friendly way to capture risk scores for exposure forecasting
- An integrated method to link schedule risk to cost risk to measure impact
SCHEDULE MANAGEMENT
People who work in the energy, oil and gas industries are no strangers to megaprojects — projects with over a billion dollars in costs that are both technically and operationally demanding. So it's no surprise that 73% of megaprojects face scheduling delays, which lead directly to lost profits. Deltek Open Plan provides industry operators with a comprehensive tool for managing resources and keeping projects on time. With Open Plan, you can:
- Closely track and manage budgets to maximize performance while minimizing risk
- Improve planning through rapid data entry, analysis and reporting on project status updates
- Ensure that your data complies with industry best practices, company policies and federal requirements
COST MANAGEMENT
Delivering cost-effective bids is one of the primary concerns for resource operators in the energy, oil and gas industry. In fact, 64% of megaprojects face cost overruns. With the help of Deltek Cobra, resource operators and owners can easily manage project costs, measure earned value and make confident cost forecasts. Gaining a clear picture of the future can help firms determine the profitability of each project. Cobra provides:
- Real-time insight into project data for improved customer communication and reporting
- Better program controls to improve project success and profitability
- Accurate compliance reporting across every phase of the program
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