Energy companies operate in a highly regulated environment with complex, multi-party contracts that must comply with diverse and frequently changing local, national, and international regulations.
The long-term nature of many energy projects, along with the need for numerous licenses and permits, adds layers of complexity and risk.
Delivering projects on time and within budget is challenging due to factors such as fluctuating commodity prices, supply chain disruptions, technological uncertainty, and rising labor costs.
Large-scale energy projects often involve multiple stakeholders and funding sources, making budgeting and forecasting complex and inconsistent. Integrating schedule and cost data is difficult when different teams use separate systems and standards, which can lead to delays, inefficiencies, and cost overruns.
The energy sector generates vast amounts of data from various sources, but integrating this information for real-time, actionable reporting is a persistent challenge.
Disconnected systems, manual data consolidation, and inconsistent reporting standards hinder the ability to provide timely, accurate dashboards and progress reports.