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
-
Captures actual time against many customizable analytical dimensions
-
Enables analysis by project, task, activity, employee, role, grade, etc.
-
Can manage staff availability and planning
-
Integrates with Microsoft Project
-
Assists in the preparation of cost allocation ratios and management reports for internal and joint-venture reporting requirements
