Energy Dynamics has since 2011 worked closely with the industry to develop DynaCharts. DynaCharts is a new digitized operating model creating value for the whole value chain in the oil & gas and infrastructure industry. DynaCharts relates incentive to performance, and the project participants can log on to their own respective part of a web-based application and observe their incentives tied to predefined targets.
One of the major challenges within large complex projects is to align all involved parties preferences with the overall goal, the project owner goal. As the suppliers behaviour is bonded rational, they will offer best practice at the lowest price, and after the contract is awarded, their preferences changes as they now become motivated to increase their own profit and not favour the project owners overall goal. This affects project performance negatively and increase cost, as resource allocation, information sharing and close collaboration is affected negatively. DynaCharts is a mechanism to avoid those challenges to evolve, and function as a catalyst to increase value realization in complex projects.
DynaCharts ensures an agile, adaptive and aligned operation, even when unforeseen events occurs.
The project will realize 15-25% increased productivity, and at the same time increase the HSE level
Previously, the focus has been on developing systems for gathering information. In spite of such technological initiatives, experience from large complex projects has shown that the involved parties lack information when making decisions. The reason is the absence of private information. Our model motivates the suppliers to send private information to the project owner unsolicited when needed. The reason is that the project owner’s decisions will also affect suppliers’ incentives. Same mechanism works between the suppliers, and from the project owner and back to the suppliers. The flow of information is in other words more open and the interaction becomes much closer. This helps to generate a favourable behaviour with regard to the safety level. By using DynaCharts, all parties generate value through better collaboration. DynaCharts will also function as a major catalyst to realize value from new technology, and function as a hub to bridge digital initiatives.
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