Pinnacle Strategies Helps Leading Oil Producer Save $11 Million on Engineering Projects and Increase Throughput by 24%
Plano, TX (PRWEB) September 19, 2013 -- Pinnacle Strategies announced that one of its clients, a leading global supplier of oil and gas, saved an unbelievable $11 million on engineering projects as a result of implementing Pinnacle’s visual project management system. At the same time, the client increased throughput by 24% in six months.
Pinnacle Strategies’ challenge was to help the client’s Gulf of Mexico project engineering teams increase their output significantly. The teams faced tremendous demand in its risk mitigation engineering efforts, with a simultaneous significant specification increase.
Pinnacle rapidly delivered the required results by helping the client:
- Master and monitor the workflow using a visual project management system
- Prioritize the team’s work using a simple prioritization system
- Increase visibility into the process for all stakeholders
- Project teams working collaboratively, on the same priority
- Deliver consistent reporting throughout the organization
As a result, the client realized an increase of 300% in the buffer of ready-to-construct projects, the team's main deliverable. The total time to deliver projects was reduced, while bottlenecks to workflow were identified and project cycle time reduced. At the same time, the teams saw a 12% increased efficiency as measured by output per full time equivalent. As an added bonus, the number and duration of project meetings reduced dramatically.
Read more about what ViewPoint™ Visual Project Management can do for your projects here. Read this Pinnacle Strategies customer case study, and many others, here.
About Pinnacle Strategies
Pinnacle Strategies is an international management consulting firm focused on operations management excellence. We work with organizations to increase shareholder value by developing high-performance business processes that significantly enhance productivity, reduce costs and time to market, improving profitability and accelerating sustainable growth. Pinnacle Strategies offers results-driven consulting solutions in the areas of performance management, project management, operations management, and supply chain.
For more information, contact Pinnacle Strategies at info(at)pinnacle-strategies(dot)com, or +1 972-492-7951.
Jennifer Thompson, Pinnacle Strategies, http://www.pinnacle-strategies.com, 405-620-1160, [email protected]
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