and Gas Company
Reduces Risk with AI-Powered Scheduling
With exploration, development and production activities focused on the Norwegian continental shelf, this oil and gas company is one of the largest independent businesses in its sector.
|Industry||Oil, Gas and Chemical|
|Solution||Planning, Scheduling & Risk|
To help it invest capital in the optimal exploration opportunities, the Norwegian oil and gas company aimed to build realistic schedules for offshore oil and gas development projects faster, more accurately and with fewer iterations.
With InEight Planning, Scheduling & Risk, the company takes the guesswork out of project planning using critical path method (CPM) scheduling methodologies and AI-powered benchmarking. By surfacing relevant suggestions to planners, the solution allows the company to create more complete schedules earlier in the project life cycle.
Today, the solution allows the company’s internal and external stakeholders to review and respond to scheduling elements online, saving time in the consensus-building process. The company can also integrate historical data into new schedules, helping to ensure that each subsequent plan is more accurate than the last.
Designed for ease-of-use and offering powerful data visualization capabilities, InEight Planning, Scheduling & Risk makes it virtually effortless for the company to digitize project assets and see them in relation to other assets. Crucially, insights from InEight give the company greater confidence in possible schedule outcomes at an early stage in the planning process—helping to mitigate risk.
“InEight will enable us to bring more projects through the decision process, as we will have much more confidence in possible schedule outcomes at an early stage. We see InEight as a key component of our strategy to improve planning and execution.”
-Planning manager, Norwegian oil & gas company
InEight provides field-tested project management software for the owners, contractors, engineers, and architects building the world around us. Over 575,000 users and more than 850 customers worldwide rely on InEight for real-time insights that help manage risk and keep projects on schedule and under budget across the entire life cycle. InEight’s solutions are built on an open, functionally rich, and modular technology platform that drives seamless integration with other systems.