Oil and Gas
Sector characteristics
Project-oriented
Need to define AFE (Authorization for Expenditure) and Venture set up
Need to record time at a low level of analytical detail
Need for close time and cost management by project manager
Need for comparison of actual time against budgeted time
Need employee and project expense tracking
Need to invoice cross charges between the company and joint venture.
Sector challenges
Project Overrun
Poor staff planning
systems@work benefits
Enables time to be planned/budgeted
Enables analysis by project, task, activity, employee, role, grade, etc.
Integrates with Microsoft Project
Captures actual time against many customizable analytical dimensions
Can manage staff availability and planning
Assists in the preparation of cost allocation ratios and management reports for internal and joint-venture reporting requirements
Customers
