Energy & Resources Insight
Webinar: Transforming Capital Portfolio Management - A bp Success Story
Thursday, 3 December at 1:00PM AEST
How bp improved the performance of their capital programs
Companies are spending a lot of time, money, and effort developing detailed governance and gating frameworks across their capital portfolios. Without digitising the process that underpins these frameworks, it is near impossible for asset intensive organisations to gain the level of transparency into cost and scheduling performance needed to make trusted decisions, and drive efficiencies across their project portfolios.
This webinar focuses on the steps bp's portfolio and project managers took to better manage their capital performance and project governance, and the benefits that followed.
Teaming up with Denver in 2009, bp and Denver created Nostra, an end-to-end digital solution for greater transparency to cost and schedule performance across bp’s entire portfolio of capital projects.
Today six of bp’s refineries globally -along with bp’s ANZ retail function- use Nostra to manage large projects for real time portfolio visibility and enjoy:
- 5% reduction in their capital project costs
- 10% reduction in budgeting variability
- 98% forecasting accuracy
Paul Northcote
Head of Nostra
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.
Josh Marshall
Chief Executive Officer
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.