Nostra has been designed and developed in collaboration with project professionals from global giant bp over a 10-year period. and is implemented in nine sites across the globe. bp has been able to quantify a significant financial benefit from using Nostra, with capital savings in the order of 5% to 10% per annum, along with qualitative and operational benefits. Nostra remains a “core platform” for bp globally and there is a commitment to expand its value and use across other existing and emerging business units of bp globally.
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Reduction on capital project costs
Improvement in budget variability
Forecasting accuracy achieved
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.
First, Nostra works, from the initial installation. This may seem obvious but having spent over $100,000 on my last project trying (and failing) to get solutions up and running, I think this may be the biggest benefit Nostra offers.
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