Improve visibility of project portfolios
Facilitating quality assurance and confidence in data-driven decisions iRIS PPM enables key decision-makers and stakeholders to strategically manage the organization’s portfolio of projects via a single system.
Introducing the iRIS PPM Energy Project Portfolio module
The iRIS Portfolio module facilitates a coherent, holistic approach to managing the coordination and prioritization of your projects via an integrated solution. Individual project data of any type can be collated and compared for your entire portfolio, or any sub-set of interest. Evaluate projects using criteria such as economic metrics, cashflow forecasts, staff resource availability, inherent chance of success, and key uncertainties. Identify and select projects based on their alignment with corporate strategic goals. Track and report on those projects throughout delivery.
Key benefits
Dramatically improve your project success rates
iRIS PPM captures chance of success assessments and how they evolve throughout the corporate maturation process . Lessons learned are recorded, can be compared between projects, and retained for long-term corporate knowledge.
Ensure effective utilization of staff and other resources
The implied resourcing requirements for various potential project selections can be investigated using iRIS. This can ensure that available resources, whether human, financial, or other assets, are efficiently allocated to achieve desired outcomes.
Your holistic, structured tool for balancing project investments
iRIS provides the visibility and framework to maintain an optimal balance between different projects. It accounts for critical factors, such as: project maturity risks; forecast uncertainties; resourcing availability; strategic initiatives; economic returns; etc
The iRIS Project and Portfolio Management solution was created especially for upstream energy companies like yours!
Your maturation process is mirrored in a comprehensive system in order to manage investments strategically
iRIS establishes a governance structure for executive decision-making related to portfolio opportunities. It provides key stakeholders with the data they need to make informed choices in the context of consistent corporate decision criteria. Risks and benefits assessed by individual project teams can be systematically compared when selecting and prioritizing those opportunities with the potential to satisfy corporate objectives. In addition, it ensures that each portfolio can be transparently assessed against your organization’s overall risk appetite. Furthermore, iRIS provides for monitoring and reporting needs for tracking progress on individual projects and the overall portfolio via bespoke dashboards and the management reporting that you deem most useful.
Visualize your development projects in a coherent and consistent maturation process to facilitate key stakeholder decisions
Manage, visualize, and control access to your source data in the way that best suits the needs of your organization.
Visualize your project opportunities, risks, and benefits in one place
Concurrently managing multiple, complex opportunities with varying degrees of lifecycle maturity is a key challenge within the upstream energy sector. The visibility that iRIS provides helps to maintain the desired balance of different projects to meet your organization’s strategic objectives. iRIS facilitates consistent decision-making, based on your own criteria, and ensures that the portfolio clearly reflects the corporate risk tolerance, economics hurdles, and desired outcomes.
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:
- Project selection for strategic objectives
- Resources management
- Risk management
- Portfolio prioritization tools
- Portfolio maturation progress monitoring
- Stakeholder criteria and decision-making
- Standardized management reporting
- Enhanced project team collaboration
- Bespoke dashboards
- Lessons learned, corporate knowledge retention
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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