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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. In addition, the industry dictates that service firms must submit bids with confidence and accuracy in order to be successful.
Deltek ERP and PPM solutions helps firms in the energy industry gain better visibility into their risks. Available on-premise or in the cloud, the Acumen Suite helps them mature their cost and project schedules so they can create more realistic plans and forecast with confidence. As the industry-leading solution (8 of the top 10 contractors in the USA use Deltek products), it helps service firms learn from past performances so they can bid smarter 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
Benefits by Role
Project & Resource Manager
As a project and resource manager in the energy industry, you're aware of just how many factors can affect timelines and budgets. Anything from changes in the weather to changes in the political climate can alter your plans. Thankfully, Deltek has a comprehensive set of tools to help you manage projects with high visibility and detail. And each product is built to meet the latest government compliance standards to limit your project risk.
- Perform reliable schedule risk analysis with the Acumen Suite
Executive
Being an Executive in the oil, gas and energy industry means dealing with some of the world's largest and most profitable companies. To be successful, you need a high level of visibility into your project risks and schedules so you can develop smart plans for the future and cement your reputation in the industry. Deltek offers a variety of solutions built specifically to give you insight into all aspects of your project-based business.
- Cobra efficiently manages costs and measures earned value to help you forecast with confidence
- Acumen Fuse delivers deep insights so you can avoid delays and cut costs throughout your organization
Operator
If you're a resource operator, you're in good company with Deltek solutions. With help from the Deltek Acumen Suite, you'll be able to make cost-effective bids and meet contractual demands and incentives. You'll have detailed oversight into all aspects of your business so you can correct issues before owners discover them — helping you build and maintain your reputation in the industry.
- Perform reliable schedule risk analysis with the Acumen Suite
Cost Account Manager
As a Cost Account Manager, you are tasked with the responsibility of delivering cost-effective bids and mitigating cost overruns. This is no small feat in the energy, oil and gas industry, where megaprojects have completion costs that are 59% higher than planned. Deltek Cobra can help you quickly and efficiently manage project costs, measure earned value and forecast with confidence. Cobra can drive your firm's success with:
- 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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