Energy and resource companies are delivering in a market where capital funding constraints are very real. The problem we see is that very few organizations understand and trust the performance of capital allocation across the business and performance led decision making is far from data driven.
Designed by project engineers from the ground up, Nostra delivers an integrated capital portfolio view to enable smart, performance driven decision making and deliver benefits including:
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
Learn moreEric 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.
On Demand: This webinar covers the challenges facing capital portfolio management and an overview of the process and technology - Nostra - to address this.
Funding to business strategy
Aligning capital portfolio to corporate strategy is difficult to manage with too many "must-have" projects, ineffective prioritisation, and overlapping project priorities.
No Trusted Portfolio View
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.
Minimal Integration
Portfolio data is not integrated and 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.
CAPEX Inefficiency
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.
Lack of 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.Portfolio Management
Too many manual approval processes, lack of experience and lack of portfolio visibility make it difficult to pivot and make necessary change.
One Touch System
Data integrity and trust with a one touch system of all project and financial data.
Trusted Portfolio View
for a single source of truth bringing project & financial data into one trusted portfolio view across the enterprise.
Capital Spend
Digitised Project Delivery Framework
by digitising and standardising unproductive project tasks and processes, Nostra converts paper based processes to digital for a better record, easier storage, access and better reporting.
Integrated Forecasting
by optimising project funding prioritisation and centralising forecasting consolidation.
Maximise Business Value
by optimising project funding prioritisation processes, with improved decision making, risk, and change management.
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.
Nostra has streamlined everything. It is able to provide complete, unified and quality data to our executive team for company level reporting.
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.
Transforming Capital Portfolio Management – A BP Success Story
When BP scanned the market for a solution to their capital program challenges, they failed to find a product that ticked all the boxes. A solution that was easy to integrate, minimised data inconsistency and replaced spreadsheets to deliver a single of source of truth to optimise their capital portfolio performance.
Learn more ›Better Project Portfolio Management with Nostra
One single set of project portfolio data. Easier portfolio reporting - all projects are reported consistently, and reports can be generated in minutes rather than hours. One system login for multiple systems access.
Learn more ›Getting the underlying systems & process right for digital transformation success
In this video insight, Josh Marshall, CEO at Denver speaks to Simon Charewicz about getting the underlying systems and process - "the unsexy" - done right so that organisations can reap the benefits that digital transformation can bring.
Learn more ›
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