Document Overview
IDC MarketScape: Project Portfolio Management Solutions in the Worldwide Oil and Gas Industry
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| Authors: | Roberta Bigliani, Rick Nicholson, Gaia Gallotti |
| Document # | WWGT01U |
| Published | October, 2012 |
| Document Type | Vendor Assessment |
| Number of Pages | 23 |
| Number of Figures | 2 |
Overview
This IDC Energy Insights study used the IDC MarketScape vendor assessment model to evaluate vendors globally supplying project portfolio management (PPM) applications to the oil and gas industry to manage large capital projects. For the purpose of this study, the process of managing large capital projects includes planning, design, construction, and commissioning/handoff but does not include operations and maintenance. The study is not focused on PPM solutions supplied to manage IT projects, even if adopted by oil and gas companies for their IT project management.
This study presents an analysis of quantitative and qualitative characteristics to provide metrics and context for oil and gas companies evaluating solutions in this area and also to help analyze vendors' current comparative success in the marketplace and anticipate vendors' offering evolution. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and highlights the factors expected to be the most influential for success in the market in both the short and long term.
"The oil and gas industry continues to struggle with the management of large capital projects with frequent budget and schedule overruns. Reducing the capital and the time required for these projects can have a significant positive impact on the return that they can generate. Improvements can be addressed by a combination of both business processes and IT tools," said Roberta Bigliani, head, IDC Energy Insights Europe, Middle East, and Africa. "Project portfolio management software spending is far from representing a significant item in oil and gas' IT spending and budget — its share is only around 1% of total IT spending. However, its potential impact on business performance is substantial."
Subscriptions Covered:
IDC Energy Insights: Russia/CIS, Middle East and Africa Oil and Gas IT Strategies , IDC Energy Insights: Worldwide Oil and Gas IT Strategies
Companies Covered:
Meridian Systems Consulting Inc, Oracle Corporation, SAP AG, IFS AB, Microsoft Corporation
Regions Covered:
Topics Covered:
Project and portfolio management
Vertical Markets:
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