Business analysis is a broad discipline that brings together project management, data analysis, industry experience and company policies, procedures and work flows . One major component of business analysis is defining what is unique about the situation and how it is similar to issues encountered at other companies.
In many cases business work flows at various oil and gas companies have a lot in common and normally have very similar objectives. A lot of time, energy and money can be saved when the successes and failures of other companies are used to validate new initiatives.
It is this ability to leverage previous experience at other companies that makes TIMSKO’s contribution so valuable.
Central to business analysis is the raw data collected as part of day to day operations The problems most companies encounter are not that they they don’t have the data but rather that they have no effective solution for analysing data in a timely fashion. Many companies only find out that thing have gone wrong after the damage is done and the dollars are spent.