In part 2 of this blog series, we discussed two shortcomings of homegrown NERC compliance systems: their limited capabilities for proper task management and inability to track & measure the effectiveness of your compliance program. The shortcomings don’t stop there. Let us dive a little deeper into 2 other areas. NERC-Awareness Building and maintaining […]
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How MS SharePoint & Other Document Management-Based Solutions Fall Short For NERC Compliance
In the opening post of this series on comparing different NERC compliance approaches, I talked about the deficiencies of using Excel to manage NERC compliance. In this post, let us turn our attention to homegrown solutions, usually MS Sharepoint or Document Management platform-based, that support varying degrees of data and document management and perhaps, notifications. […]
How Do Different NERC Compliance Tools Measure Up? 6 Reasons Why Excel Fails for NERC Compliance Management
Excel spreadsheets are workhorses. There isn’t a business in any industry in the world that doesn’t have someone, somewhere, using Excel to track or calculate something. Some utilities insiders estimate that nearly 50% of companies, subject to NERC compliance requirements, use Excel to manage their NERC compliance data/activities. Logic helps explain why such a ubiquitous […]
Optimizing Your Drilling Schedule Based on Well Data
Oil and gas organizations need to optimize working capital, accelerate cash flow, and avoid losing valuable leases. Meeting these goals is obviously complex, but each business objective can benefit from more efficient, optimized data. In an ideal world, Planning, Operations, and Information collection are iterative, where plans are created based on what is known. Operations […]
Managing by Exception: How Oil and Gas Companies Can Streamline Drilling Programs with Greater Process Automation
“Managing by exception” is a common business best practice that aims to help organizations improve efficiency, and as a result, drive better outcomes. It essentially proposes that if you want to be more efficient, you should focus on the pieces of your process that are deviating from the norm – i.e., the exceptions. This prevents […]
Is It Time to Standardize Your Ready-to-Drill Process? 5 Reasons to Consider an Automated Workflow Solution
For most oil and gas organizations, the ready-to-drill process revolves around Monday morning meetings. The team gets together and reviews the spreadsheets that contain all the details about the drilling schedule. They figure out who needs to do what to keep things moving and walk away with their marching orders until the following week. This […]
