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