In the Utility industry, project and portfolio management has become an increasing challenge. Without dedicated PPM software, the demand in Utilities for reliable, eco-friendly, and cost-effective products is harder to maintain.
A recent study found that under 10% of projects in the utilities trade are completed on time and within budget. With this industry requiring multiple projects across the chain, companies must use software like Execview for faster decision making. With Execview, projects to stay on track and within the cost limit.
What are the challenges in Utilities Project Management?
Complexity: Utilities is an evolving industry with a continuing emphasis placed on technology. This industry evolution creates more complex projects and more complicated solutions. Without the tracking and reporting of Execview, complexities are missed and become more significant problems down the project line.
Scalability: Studies have shown that since the year 2000, project size in Utilities has decreased by 27%, while the number of projects has increased 40%. The changing nature of Utility projects places a greater demand on companies to manage an increasing number of smaller-scale projects. Without PPM software like Execview that offers essential tools and resources, these projects can go out of control.
Maintenance-management: The products and services offered in Utilities naturally require regular maintenance. Keeping on top of this is a crucial task for a Utility company. Lots of small-scale issues can quickly add up to one large-scale problem. Without Execview’s automation and reportability, companies lack sufficient time to oversee maintenance.
Managing financial resources: We recognise that investment in Utilities comes in many forms such as private funding, profit reinvestment, and government-related grants and loans. Each financial asset requires individual management for specific use. Software like Execview allows for easy allocation of resources, eliminating confusion and improving efficiency.
What are the benefits of using Execview to tackle challenges in Utilities?
Create Portfolios – Execview allows you to create an unlimited number of portfolios to any structure. Execview’s malleable portfolios are amenable to complex projects. Allocate individuals with ease to add detail. The hierarchical tree structure tracks progression. Unite Operations and Maintenance, safety, engineering, and real-time data.
Create plans – PM’s can easily create tasks and milestones, track actual targets in comparison to baseline targets, and upload plans from other sources for easy alignment. Prepare for multiple projects, complexities, product maintenance and resource allocation.
Reporting – Our reporting is of a world-class standard. We gather the base data for easy roll-out, and data on other platforms can be auto-imported. The summarisation and automation technology saves time. Reports are fully bespoke; each stakeholder can have their own view for easy-to-understand reporting. Report to financial stakeholders and executives, manage scalability and complexity.
Tracking – Track all aspects of a project on one platform, oversee third-party deliveries and obligations, along with KPIs, costs, any other variable necessary. With Execview, Utilities PM’s can keep on top of deliverables, materials, and schedules with confidence.
Resolve issues – Create interventions and escalations to catch issues, avoid stalling and prevent unnecessary expenditures and delays. All manageable on one platform, and e-mail interventions mean you are made aware of problems immediately.
Assurance and gateway framework – Control projects by managing user access, create gateway models with progress reports, questionnaires, and checklists.
Workflows – Simple workflows allow easier management of project change requests. Everyone has a clear understanding of their role and engagement in decision making.
To find out more about Execview, visit our product and solutions pages. Also, you can look at some of our success stories on our case studies page. If you wish to speak to one of our experts, click here or e-mail [email protected]. Also, our sales manager, Tory, is available on the chat function on our website.