{"id":464585,"date":"2024-11-18T13:44:52","date_gmt":"2024-11-18T12:44:52","guid":{"rendered":"https:\/\/www.devoteam.com\/success-story\/galp-risk-management-pmc-solution\/"},"modified":"2025-01-27T11:27:25","modified_gmt":"2025-01-27T10:27:25","slug":"galp-risk-management-pmc-solution","status":"publish","type":"success-story","link":"https:\/\/devoteam.info\/cz\/success-story\/galp-risk-management-pmc-solution\/","title":{"rendered":"Galp Fuels Risk Management with a Power Management Cockpit"},"content":{"rendered":"\n
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The snapshot<\/h2>\n\n\n\n
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1<\/strong><\/p>\n\n\n\n

Galp needed to centralise fragmented risk data for improved oversight.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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2<\/strong><\/p>\n\n\n\n

Devoteam\u2019s PMC provided a unified platform for real-time risk monitoring and analysis.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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3<\/strong><\/p>\n\n\n\n

Collaborative implementation of the PMC empowered Galp with efficient, data-driven risk management.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

About Galp<\/strong><\/h2>\n\n\n\n

Galp is a Portuguese multinational energy corporation dedicated to providing energy solutions for a sustainable world. With a rich history spanning over a century, this publicly traded company employs thousands of people and operates across various sectors of the energy industry, including oil and gas exploration and production, refining, marketing, and distribution of petroleum products, and renewable energy.<\/p>\n\n\n\n

The Challenge<\/strong><\/h2>\n\n\n\n

Galp’s Risk Management Department faced a significant challenge in monitoring and managing corporate risk across its global operations. With 239 key risk indicators (KRIs) spread across five different data sources, obtaining a unified and comprehensive view of the company’s risk profile was a complex and time-consuming process. Existing reporting methods involved manual aggregation and analysis of data from disparate systems, hindering efficient risk assessment and decision-making.<\/p>\n\n\n\n

The Goal<\/strong><\/h2>\n\n\n\n

Galp sought a single, integrated solution that would provide a clear, real-time overview of its corporate risk landscape. The goal was to centralise all KRI information into an intuitive and dynamic platform, enabling efficient monitoring, analysis, and reporting. This solution would empower Galp to make more informed business decisions based on accurate and up-to-date risk assessments.<\/p>\n\n\n\n

The Solution<\/strong><\/h2>\n\n\n\n

Devoteam stepped in to address Galp’s challenge with their Power Management Cockpit (PMC) for Risk Management. This tailor-made solution was designed to aggregate and visualise Galp’s 239 KRIs from five different data sources into a single, interactive dashboard.<\/p>\n\n\n\n

Why PMC?<\/strong><\/h3>\n\n\n\n