Building a PMO and Sustainable MDM System and FRR Solution

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Building a PMO and Sustainable MDM System and FRR Solution

Client Overview

A fortune 100 multinational oil and gas company.

Deployed Capabilities

Financial Advisory
Transformation

43 Critical Data Elements

Sustainable data control across 43 critical master data elements, improving accuracy and consistency.

$34.6M Projects Managed

$34.6M (63 projects) managed across 17 programs, ensuring comprehensive solution delivery.

Reduced Risk of Non-compliance

Reduced non-compliance risk, with improved reliability and timeliness of enterprise reporting.

The
Challenge

Having successfully implemented a new enterprise hierarchy, our client called on us to consolidate their nine major software applications. With no systemic controls for over 70 common data elements, our client struggled to deliver consistent and reliable enterprise reporting across its assets. The absence of a Master Data Management (MDM) solution led to inefficiencies, inaccurate reporting, and an increased risk of poor decisions based on unreliable data, which could result in regulatory non-compliance.

The
Custom 
Solution

Sirius Solutions provided the resources to build a Project Management Office (PMO) responsible for the development of a sustainable Master Data Management (MDM) system, along with an Enterprise Reporting (ER) solution. The PMO was also tasked with delivering a focused Finance & Regulatory Reporting (FRR) solution. The MDM solution was designed to integrate and manage 43 critical master data elements across five legacy applications, while the ER and FRR solutions utilized this mastered data to deliver consistent, reliable reporting across the company’s operations.

The
Impactful
Results

Sirius Solutions successfully delivered three core solutions and eight release enhancements, positioning the client for continued support and future scalability. The MDM solution established commonality and control over 43 critical data elements, ensuring reliable and timely enterprise reporting. The ER and FRR solutions built on the MDM framework reduced the time to deliver business-critical information. They significantly improved the accuracy and reliability of reporting, mitigating regulatory compliance risks and empowering the company to make more informed decisions. At its peak, the effort involved one PMO lead, five project managers, and 40 direct-report consultants and contractors. Over two years, the PMO managed 17 programs and 63 projects with a budget of $34.6 million.

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