Transform Capital Portfolio Management with Nostra

Digitise the project delivery process for transparency across your capital portfolio

10 years ago, Nostra was born, after BP scanned the market looking for solutions to improve their capital programs and found nothing that met their needs..

Today, with over 10,000 hours spent enhancing the solution, Nostra is now embedded in bp downstream and it’s transformed the way they view and manage their capital programs, worldwide on a daily basis. It gives them complete visibility and control across their portfolio to reap benefits including:

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With real time visibility and control across their entire portfolio, Nostra has allowed bp to transform how they manage their capital programs and reap the benefits.

Nostra is now available in market so other customers have access to a seamless, integrated tool that removes project, scheduling, and financial data silos across the enterprise - delivering a single repository for project and portfolio data, in real-time.

Capital Performance with Nostra: A Denver Resource & Energy Insight

In this video insight, Josh Marshall, CEO at Denver speaks to Simon Charewicz about the partnership with bp that created Nostra – a seamless interface that delivers performance driven decisions across asset intensive capital programs

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Client Perspective

Eric Zimmerman, Project General Manager bp, has over 30 years of project portfolio management experience. Read his testimonial to find out how Nostra transformed bp’s capital project performance.

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Webinar

December 3: Hear how BP transformed its capital performance -reducing its capital costs and delivery risk through greater transparency.

Challenges We See Right Now

How We Can Help

Strategy

Aligning capital portfolio to corporate strategy is difficult to manage with too many "must-have" projects, ineffective prioritisation, and overlapping project priorities.

CAPEX Decisions

Overarching policy and procedures have not been clearly defined, resulting in business cases not receiving the appropriate scrutiny, and BAU projects being managed outside of the portfolio.

Data & Tools

Portfolio data is inconsistent across projects, functions, and business units. This results in a lack of effective reporting and aggregation tools, with reporting seen as burdensome by project teams.

Portfolio Management

Too many manual approval processes, lack of experience and lack of portfolio visibility make it difficult to pivot and make necessary change.

Governance

A lack of governance and process result in difficulty streamlining project and portfolio management. This impedes the ability to sequence projects effectively, or identify and stop poorly performing projects quickly.

Visibility

Management and decision-makers are unable to access a real-time, consolidated view of the capital portfolio, including financials and risks- making trusted decisions difficult and/or delayed.

Customer Insights

First, Nostra works, from the initial installation. This may seem obvious but having overspent on my last project trying (and failing) to get different solutions up and running, I think this may be the biggest benefit Nostra offers.

Eric Zimmerman, Project General Manager, bp

Customer Insights

Nostra has streamlined everything. It is able to provide complete, unified and quality data to our executive team for company level reporting.

PMO Advisor, bp

Customer Insights

Implementing Nostra and automating the integration of data from other systems not only provided additional efficiencies in data collection, the quality of the data improved as manual processes previously used were eliminated. With less time spent tracking and checking their data, Project Managers have more time to analyse and manage their projects leading to improved predictability and costs.

Dave Dalle Molle, bp