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(IT-3064) Standard Cost Management: From Spreadsheets to Automation

Level: Basic
Venue: 2019 AACE International Conference & Expo, June 16-19, 2019, New Orleans, LA, USA

Abstract: A premier energy infrastructure company in the US faces an exciting challenge with billions of capital dollars to spend on interstate pipeline and infrastructure expansion projects. The company, prior to the flight is segregated into four major office locations, all using different project controls terms, systems, and processes. The challenge is to align the enterprise using a well thought out approach and implementing a cost management system to optimize and automate the process. In order to facilitate this discussion, the company’s journey is compared to taking a cross country flight. This paper will look at all aspects of the flight, from identifying the plane and crew: a cost management system, the flight attendants (local champions), and the pilots (implementation team). Additionally, outlining the flight plan while maneuvering through turbulence and challenges along the way. Leading to landing at the destination and exploring future flights for improvements and continued maturity.