Everyone knows time is money, but when it comes to productivity in the oil and gas industry, not all time is equal. In most projects - maintenance, construction, repair or even decommissioning - productive time spent actually completing the task in hand is only part of the overall time logged by the contractor or crew.
In one recent study, only 37% of logged hours were spent on productive work, known as Time on Tools. The remainder was occupied by travelling, planning, waiting for materials and early breaks. In the oil and gas industry, where around 40% of cost is normally down to labour, that adds up to a considerable - and largely avoidable - cost.
There’s always going to be some time spent on travel - and everyone needs a break once in a while - but efficient planning can keep these non-productive periods down to a minimum. More importantly, proper implementation and deployment should mean that crews, materials and equipment all get to the right place at the right time, cutting out frustrating, costly delays.
To achieve this all you need is the right smart software, with a single collaborative platform shared by planners in the office and the foreman in the field. That’s precisely what mpower from Monitor can give you - in the form of a dedicated, best-of-breed Time on Tools application.
By bringing together estimating, planning and approval of field implementation for the owner’s own crew and any contractors, mpower allows consistent and accurate information to be shared in real time.
mpower lets you define each productive and non-productive element of the work, so you can see where time and money are being wasted and take immediate steps to rectify the situation. You can do this on a daily basis, integrating the solution with back-office systems instantly.
mpower uses integrated dashboards to give you cost and performance information in a single comprehensive view. It can seamlessly and automatically update everything at once, avoiding the potential problems of inconsistencies and inaccuracies in the digital trail, and saving you and your team many hours of drudgery.
Implementing any new system requires some time and effort, but mpower is easy to install and intuitive to use. And mpower’s Time on Tools applications can start saving time and money on day one - even on a project that’s already underway.
What’s more, mpower lets you leverage value from your existing investment, because it integrates seamlessly with popular software suites including SAP, Oracle E-business, IBM Maximo, Primavera and Microsoft Project.
The high performance, fully integrated project cost management solution