In the recent years “Big Oil” has gotten even bigger. The vast businesses (up and down stream) bring unique challenges and risks – the challenge of maintaining the profitable growth, the size of the project, their complexity and geological uncertainty – all are increasing. Companies has to decide which projects to pursue and how much to invest and at the same time get more out of the existing assets. [more]

Technology affects the supply of the energy commodities (crude oil, gas, power, derivative, and financial) and on the other end demand keeps rising and has been for the long time. This is because lot of energy is needed for everything we do – building, heating and powering homes. There are two different markets where energy commodities are exchanged in. These include spot market where commodities are exchanged with cash. The other option is future trade (the commodity itself is not traded however the promise in the form of a contract is).  Energy Trading should capture physical deals for all energy commodities and as well as physical exchange deals.[more]

Organizations are under pressure to be part of Green IT initiative. They should take holistic approach in reducing the carbon footprint and maximizing the overall organization performance. Green IT can help your business reduce operational costs, increase efficiency and boost productivity through the adoption of environmentally sustainable IT practices. Companies are already realizing the benefits of going green. [more]

Risk is defined in ISO 31000 as the effect of uncertainty on objectives (whether positive or negative). Risk management can therefore be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary.[more]

The Project Management office (PMO) strives to standardize the process in the organization. A good PMO will base their practice on accepted, industry standard methodologies such as PMBOK, Agile, and PRINCE2. 90% of projects do not meet time/cost/quality targets. Organizations with PMO group are more successful in reducing costs and delivering projects on time and within budget. PMO may take other functions beyond standards and methodology, and participate in Strategic Project Management either as facilitator or actively as owner of the Portfolio Management process.[more]