Strategies For Controlling Project Overspend in 201503/13/2015
When the price of oil was coasting at the $100-$125 range, companies could get away with small overspend and supplemental project AFEs here and there – the margins would simply make up for the higher costs. That approach doesn’t work today. Now, being able to visualize every capital expense and quickly identify potential areas of overspend early in the process are musts.
In this 25-minute session, you’ll learn how to reduce the cost of managing AFEs, shorten the AFE approval process from weeks to days, and prevent unnecessary overspend situations from occurring – all by focusing on industry best practices and better processes.