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The Project Case Study:

Decrease Cost Impact​s

 

The Challenge to the Project:

PE4U was approached to investigate costs overrun for an Oil and Gas client.

 

Our Solution:

PE4U created an execution plan (detailed Scope Of Work SOW) to address the overages and provide an audit-able action plan to overcome continued cost overruns. 

 

Schedule Detail:

We were given a week and a half to audit the project, identify overruns and provide recommendations to stop the overruns. 

 

Cost Impacts:

At first glance, the project appeared to have all their cost in line with recommended best practices in the Oil and Gas sector.

 

Risks Impacts:

We did not have time to run a risk assessment.

 

Document Control:

PE4U was able to take their Microsoft Excel spreadsheet and run a report in a cloud-based software solution to quickly identify, normalize the data and provide visibility to all stakeholders.   

 

Project Outcome:

Mission Accomplished

We were able to identify a 1% savings to the project due to errors in reporting manpower. This 1% represented an annual  $1.5 million in savings to the project.  

This is one example of many successes we can point to.

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