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Webinar

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.

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Denver Energy & Resources Insights – Capital Portfolio Management Webinar Series

26 November 2020

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.

BP engaged Denver to develop the Nostra solution, which is now implemented across six of BP’s eight refineries globally - totally transforming their decision-making process around capital allocation and governance; removing data silos and delivering real time visibility and control across their entire portfolio with:

  • Data integrity for trusted decisions
  • Dashboarding/Portfolio view for a single source of truth
  • Integrated forecasting to prioritise capital spend to business objectives and planning
  • Ideas capture & prioritisation for innovation efficiencies

 

Webinar and Resources Now Available

Nostra is new to market, designed specifically for the capital program needs of the Resources and Energy sectors.

Join Us for an in-depth look on how Nostra delivers significant benefits to BP:

  • 5% reduction in their capital project costs 
  • 10% reduction in budgeting variability
  • 98% forecasting accuracy

Register here for the webinar, case studies and walk-throughs of this functionally rich and intuitive solution, to optimise operational and capital project performance, seamlessly.

You Will Learn

How BP implemented Nostra for an integrated portfolio view of capital projects across the enterprise, to:

  1. Bring significant savings on capital works programs annually
  2. Prioritise capital spend to business objectives (avoiding annual underspend)
  3. Capture & prioritise ideas
  4. Save time on monthly reports
  5. Survive and thrive in a world of reduced CAPEX, remote working and increased project scrutiny.

Presenters

Paul Northcote

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Paul Northcote

Director of Strategic Consulting

In his presentation, Paul Northcote will detail the program to drive capital portfolio management efficiencies at BP and the development of Nostra to deliver data and reporting transparency for time and cost savings across their capital portfolio.

Paul has worked for Denver for 16 years, founding and building their Strategic Consulting division. Paul has worked closely with BP for all of his Denver career, running a Refinery IT Delivery Team for many years and delivering projects across the world. Paul has headed up Denver’s Nostra team since inception, working closely with BP’s network of project professionals globally and is currently on BP’s Governance board for the product.

Paul has over 25 years of experience in IT Business Solutions, working across the whisky industry, FMCG and consulting. A native of Scotland, Paul has degrees in Computer Science and Law from the University of Strathclyde.

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Josh Marshall

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Josh Marshall

Chief Executive Officer of Denver

Josh has been a key member of Denver’s executive and leadership team since 2017 and has been CEO since February, 2020. He is a talented, inspiring and energetic leader with an extensive background in helping Resources and Energy organisations across Australia, the US and Europe realise business value from better leveraging technology.

Prior to joining Denver, Josh spent over 10 years focusing on supporting mining and oil and gas organisations locally and globally, to reach organisational goals through better leveraging technology and people.

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Recommended Reading
Category: Capital Performance
Topic: Maximising Portfolio On Returns
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