man and laptop
 

Protiviti helps energy company increase its value by more than 200 percent

 
 

 
  Client Challenge  
 
Our client, an energy company, had experienced significant growth. They were concerned they had outgrown many existing processes, systems and controls. In addition, the client’s project management team could not appropriately report construction progress.
 
     
  POWERFUL INSIGHTS  
 
Protiviti’s Capital Projects and Construction professionals provided insight to the client through the following steps:  
  1. Mapping all existing company processes associated with the conceptualization, approval, management and execution of its capital projects.
  2. Development of process maps (e.g., current state, future state), risk and control matrices, and a gap analysis, and utilization of multiple frameworks. The frameworks included a pipeline process classification scheme, a capability maturity model, and the six elements of infrastructure. 
  3. Providing detailed findings and recommendations for the remediation of deficiencies, as well as opportunities for process enhancements.
 
     
  PROVEN DELIVERY  
 

Protiviti’s professionals identified many opportunities for improvement that the client was able to put into action. The process and control improvements helped the client parlay a sale of the company’s assets initially valued at over $250 million into a deal valued at more than $600 million that closed with a joint venture partner. 

Following the project, Protiviti was engaged to assist in the development of processes and controls for the new company formed by the initial client’s executives.

How We Help Companies Succeed

Recent national surveys by the Construction Management Association of America indicate that 40 percent to 50 percent of major construction projects run longer than planned and incur significant cost overruns.

Protiviti's team of construction project specialists has assisted clients with improving control over their projects, creating more reliable project timelines and reducing their exposure to cost overruns.

 
 
     
  Contact  
 

​Paul Pettit
Managing Director
+1.713.314.5031
paul.pettit@protiviti.com

Marcus Delouche
Managing Director
+1.713.314.4982
marcus.delouche@protiviti.com

 
 
     
  About Protiviti  
 

Protiviti (www.protiviti.com) is a global consulting firm that helps companies solve problems in finance, technology, operations, governance, risk and internal audit, and has served more than 60 percent of Fortune 1000® and 35 percent of Fortune Global 500® companies. Protiviti and our independently owned Member Firms serve clients through a network of more than 70 locations in over 20 countries. We also work with smaller, growing companies, including those looking to go public, as well as with government agencies.

Named one of the 2015 Fortune 100 Best Companies to Work For®, Protiviti is a wholly owned subsidiary of Robert Half (NYSE: RHI). Founded in 1948, Robert Half is a member of the S&P 500 index.