Accounting and Financial Software
AltaLink Adopts Decision Dynamics' Oncore Solution
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CALGARY, Feb. 20 // - Decision Dynamics Technology Ltd. (TSX-V:DDY)
announced today that its Oncore project control and cost management software
is being deployed by AltaLink to track and control costs related to the
construction of a 500 kV transmission line between Edmonton and Calgary,
Alberta. Phase One of the contract, which included the optimization of
AltaLink's data and project workflow processes and the initial set-up of
Oncore, is complete. Phase Two, configuring and deploying Oncore for use on
the 500 kV project, is now underway. AltaLink is also assessing Oncore for use
on all projects across their organization.
Oncore will deliver the data capture, real-time cost visibility and
analytical capabilities needed to identify cost and progress issues early so
immediate corrective action can be taken. Additionally, Oncore will be
integrated with AltaLink's accounting system to streamline financial
reporting.
"Like other major infrastructure projects in Alberta, cost management is
an important component of this project," said Stephen Kane, AltaLink's Project
Director. "Oncore gives us real-time visibility to costs at a level of detail
that is key to effectively manage a project of this size. The ability to
perform detailed cost analysis across all project participants in alignment
with our project work structure is fundamental to our project management
philosophy."
"Oncore's flexible system configuration allows us to incorporate
AltaLink's existing cost and project management structure into the system,"
said Steve Reece, Decision Dynamics' Vice President of Project Services. "This
ensures that up-to-date, validated cost information is provided to the right
decision makers at the right time."
Oncore tracks labor, equipment, materials and other costs for capital and
operations projects by line item, provides robust analytics for complex
calculations such as comparative contractor performance, and makes all
information available in a central repository. The application provides
real-time visibility into project status, reduces invoice disputes, helps
prevent overcharges, flags cost or progress problems to allow timely
corrective action, eliminates lengthy reconciliation of contractor invoices
and timesheets to contract terms, and helps reduce post-project audit costs.
About AltaLink
AltaLink, Canada's only fully independent transmission provider, is
responsible for the maintenance and operation of more than 11,600 kilometres
of transmission lines and approximately 260 substations in Alberta. As
Alberta's largest supplier of safe and reliable transmission, AltaLink is
moving forward to provide a transmission system that will continue to meet the
growing needs of Albertans. For more information, visit www.altalink.ca.
About Decision Dynamics Technology Ltd.
Decision Dynamics Technology Ltd. is a leading provider of innovative
data collection, operations reporting, business analytics, decision
optimization and workflow integration software solutions to the energy sector,
including major oil and gas and electrical power companies. Its flagship
products include Oncore, a project cost management solution that provides
real-time cost information, contract validation and approvals for operations
management and capital projects; and Wellcore, a well lifecycle management
solution that provides oil and gas companies with operations visibility. The
Company has also developed X-Core, a patent-pending, fully integrated,
end-to-end data modeling and application development system. Decision Dynamics
is a Microsoft Gold Certified Partner. The Company's head office is located in
Calgary, Alberta, Canada. It operates wholly-owned foreign subsidiaries in the
United States with offices in Houston, Texas. Decision Dynamics trades on the
TSX Venture Exchange under the symbol "DDY". For more information, visit
www.ddytech.com.
All trademarks or registered trademarks herein are the property of their
respective owners.
For further information: David N. Hunt, Chief Financial Officer, (403)
451-0691, david.hunt@ddytech.com
© 2005 CNW Group Ltd, all rights reserved
