Old solution was not robust enough to handle Group’s future strategic portfolio management requirements.
Support both global and local management of investment projects (past, current, new and future), to Improve cash-flow management, improve project management and follow-up (within budget, time and scope, and early warnings of deviations and overruns), and better manage portfolio of strategic future investments.
To build a reliable source of information over current and past projects, to improve benchmark analysis (Technical, financial & procurement), facilitate access to best practices, and to build dynamic dashboards to facilitate management reporting and follow-up.
To have one central tool for project management instead of different developments in the group.
With partner InovaPrime, steel and mining giant ArcelorMittal has implemented Micro Focus Project and Portfolio Management (PPM) to manage 4000 business-critical capital projects in 60 countries. Chosen due to its flexibility, agility and accuracy of information:
The project covered the following key areas:
Global overview and consolidation of all plants projects and investment plans, enabling portfolio decision making and follow-up of capitalized projects, achieved due to the consistency and reliability of information.
Enabling Plant Managers and Business Unit Managers to follow their critical resources to ensure that delivery and maintenance are timely, within budget and within approved scope.
The governance of this decision-making and control of the costs was another important benefit achieved with PPM solution by supporting the financial planning and approval process of investment budgets.
Project Management standardization and support of ArcelorMittal project methodology in a major industry business division in Europe.
This project achieved its goals thus enabling future expansion of Project Management scope throughout the enterprise to other parts of the world and business units.
Continuous improvement of current solution is a key competitor factor enabling agile delivery and decision-making, within local plants up to senior level at corporate, to make decision over capitalized projects even more precise.
ArcelorMittal S.A. is a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg. It was formed in 2006 from the takeover and merger of Arcelor by Indian owned Mittal Steel.>
ArcelorMittal is the world's largest steel producer, with an annual crude steel production of 98.1 million tons as of 2014.
It is ranked 123 in the 2017 Fortune Global 500 ranking of the world's biggest corporations.
Producing finished, semi-finished, long and flat products, such as slabs, hot-rolled coil, cold-rolled coil, coated steel products, tinplate and heavy plate, as well as billets, blooms, rebars, wire rod, sections, rails, sheet piles and drawn wire.
Product: Micro Focus Project and Portfolio ManagementCredits: Micro Focus and ArcelorMittal