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CTRM Systems

CTRM System Series: How to Maximize Value at the Stabilization Stage of your CTRM Journey

A few years ago, we did a series on maximizing your value at each stage of your CTRM journey. A lot has changed since then including COVID-19, increased remote work, administration changes, volatile markets and even war. We are going to give an update to that series that includes 3 tips at each one of the stages of the CTRM journey in our new climate. The series has both a video and podcast option. 

The forth stage of the journey is the stabilization stage.  At this point we've gone live the system and the users are using the system. This stage marks a pretty significant shift in the way that the project team has been working because prior to this point, everything has been focused typically on the solution that we're. Now that we are live, the focus changes from system technicalities to business needs and processes. We need to be ready to respond quickly because we are supporting business needs and show our progress. August-Al-Uqdah, Partner, highlights the 3 tips in the stabilization stage:

  1. Prepare for rapid response 
  2. Focus on business process stabilization 
  3. Track and communicate progress accurately 

Listen to the full recording here:

 

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Tags: CTRM Systems

Written by August Al-Uqdah

August Al-Uqdah, Partner and Co-Founder of Veritas, has a proven track record leading global teams through the implementation of complex and large-scale solutions in the energy industry. He has extensive experience within upstream, downstream and energy trading organizations.