Optimize development projects
iRIS PPM helps bring development projects to fruition by providing the means to plan, organize, and monitor all the project decisions, staff activities, risks, and economics within one integrated system.
Introducing the iRIS PPM Development Projects module
Often representing years of multi-stakeholder effort, development projects connect the critical activities that lead to value realization. Ensuring an integrated approach to project maturation, iRIS PPM enables individuals and teams to actively manage priorities, risks, and delivery activities that adhere to your organization’s governance process. Explicit decision point criteria ensure alignment with industry standards for project maturation, reporting, accountability, and governance.
Key benefits
Plan and manage your development activities
iRIS PPM provides development project managers with tools to plan activities, assign tasks, and monitor progress. It promotes delivery against explicit decision framework criteria, as defined by your own key stakeholders.
Keep track of project data, risks and economics
The iRIS PPM solution can track any aspect of technical, commercial, and economic data defined by your organization. It provides controlled user access to exploration, appraisal, development, and production data for lasting corporate knowledge retention.
Record full lifecycle data and include third party interactions
iRIS PPM can log details of all phases of the project lifecycle, or any sub-set of particular focus for your organization’s business model. Input and access for external third parties e.g. Partners, Regulators, Auditors, etc. may also be integrated and controlled.
The iRIS Project and Portfolio Management solution was created especially for upstream energy companies like yours!
The integrated solution for managing all your development projects
Development projects require careful planning, consistent governance, coherent implementation, and comprehensive management of risks to optimize economic value. Upstream energy projects are complex, long-term investments and involve many workstreams and stakeholders. iRIS PPM provides all the data and tools you require to keep track of your development activities, schedule targets, expenditure, production forecasts, resources estimation, and project economics.
Visualize your development projects in a coherent and consistent maturation process to facilitate key stakeholder decisions
Manage, visualize, and control access to your sources data in whatever way suits the needs of your organization.
Optimize maturation and prioritization of your project portfolio in one place
The upstream energy sector relies on an evidence-based approach to realizing value. iRIS PPM provides the tools to manage data, risks, inherent uncertainties, and decision-making over lengthy project lifecycles. Its flexible, module-based structure enables you to mirror your organization’s existing project maturation decision-making process in a collaborative, web-based system. In addition, it facilitates the efficiency and collaborative benefits of an integrated solution for your entire portfolio of projects.
One location for all key project data
The iRIS PPM platform supports responsible and accountable staff disciplines to consolidate all aspects of Development Project management within the upstream energy sector. It provides a common corporate view of projects plans, operational activities, risk management, and economics. iRIS ensures visibility of projects across the corporate portfolio, meaning value optimization is comprehensively managed using an holistic approach.
Functional benefit examples:
- Flexible work plans: task assignments, delivery targets, accountability, etc.
- Consistent governance: lifecycle gates, decision criteria, milestones, etc.
- Quality Assurance: peer reviews, auditing, etc.
- Configurable dashboards and reporting
- Feasibility assessment tools
- Operations management and reporting
- Risk scoring and red-flag issues tracking Economic metrics tracking and associated financial model uploads
Clear visibility across portfolios and transparency within individual projects are key strengths of the integrated Resources Information Solution (iRIS)
Whether you deliver the top-level strategy, or the projects that drive success
iRIS PPM software is designed to make your job easier!
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