Case Study: Major Oil Company achieves 100% portfolio value growth with SmartOrg

Major Oil Company Improves Results by 100%

Major Oil Company, one of the world’s largest oil companies, was managing a heavy-oil research portfolio of about 40 projects and spending more than $40 million a year, but it needed a better way to select the projects that would create the most business value. The company turned to SmartOrg and its Portfolio Navigator® enterprise software, along with value-based strategy consulting, to address inconsistent project evaluations, slow pipeline throughput, and pressure to deliver faster results with tighter budgets.

SmartOrg helped Major Oil Company implement a value-based management process that aligned technology decisions more closely with corporate business objectives and accelerated development. Within a year, the company doubled portfolio value from $40 million to $80 million, improved project movement to implementation by 100%, doubled early terminations of weak projects, and increased new project initiation by 50%.