Oil &Gas
Wrench SmartProject is a powerful Project Monitoring and Control Software designed to ensure Oil & Gas projects are delivered on time and within budget—without compromising quality. With real-time progress tracking and predictive problem-solving, SmartProject equips managers with the insights they need to overcome onsite challenges and optimize project execution. Its integrated platform streamlines planning, monitoring, and decision-making, driving efficiency across the entire project lifecycle.
Smarter Project Control for Oil & Gas
The Oil & Gas industry faces several challenges that can impact project timelines, costs, and overall success. Here are five major challenges:
- Cost Overruns & Budget Control
- Schedule Delays & Workfront Availability
- Scope Changes & Unforeseen Risks
- Safety & Compliance Issues
- Supply Chain & Logistics Risks
Wrench SmartProject provides a digital collaboration platform that enables multiple stakeholders across regions and countries to connect and work seamlessly. Oil & Gas projects are inherently complex, involving multiple vendors and long lead times. Delays in design approvals, procurement, and site execution are common, often caused by poor coordination, material shortages, or logistical challenges.
How do we support the Oil & Gas sector?
Common Data Environment
The platform serves as a Common Data Environment, allowing internal and external project stakeholders, to work on the same files, whether documents, 2D drawings, or 3D models. Users can view, comment on, and mark up these files, eliminating the need for native file applications. The CDE enables document viewing, commenting, marking up, and sending within the system, creating a comprehensive audit trail.
Schedule and Progress Monitoring
Enables planning activities to the last level and provides a To-Do-List to each user that will help the user see the impact of the delay on the package or project. Getting accurate milestone status and progress helps prevent delays by taking early corrective and preventive action by reforecasting the schedule based on the catch-up plan.
Procurement Management
Select and coordinate with multiple vendors online to get the best people for the job. Wrench SmartProject’s built-in vendor management feature lets you compare vendor bids, manage vendor uploads and ensure compliance in the cloud.
Performance Dashboard
Dashboards provide real-time updates on project parameters such as EHS, Quality, Risk, and Cost. Visualize project progress in 4D/5D and view cumulative S-Curves. Access drill-down reports to track project progress down to the last detail.
Risk Management
Assess and mitigate risks, plotting them based on occurrence and impact, creating a risk heat map considering likelihood and impact.
Field HSE/Quality Management
Manage checklists, permits, and inspection reports, collecting real-time data for publishing dashboards and reports. Register observations and non-conformances related to HSE and quality in the system using a laptop or mobile application, assign them to the relevant vendor, and track them for closure
