25%
Cost Variance Reduction
5
Projects Managed
Real-time
Portfolio Visibility
60%
Faster Reporting
The Challenge
What They Were Facing
Portfolio Complexity
Managing 5 concurrent projects with different contractors made it impossible to get a unified view of portfolio performance.
Cost Overruns
Variations were being approved without proper documentation. By the time finance caught them, budgets were already exceeded.
Stakeholder Reporting
Preparing monthly board reports took a full week of manual data gathering and reconciliation.
The Solution
How Arkan Helped
Portfolio Dashboard
Arkan's executive dashboard provides real-time visibility across all 5 projects with drill-down capability.
BOQ & Cost Control
Integrated BOQ management with approval workflows ensures variations are properly documented before execution.
Automated Reporting
Scheduled reports are generated automatically and distributed to stakeholders every Monday morning.
The Results
Measurable Impact
- Reduced cost variance from 8% to 3% across portfolio
- Cut monthly reporting time from 5 days to 4 hours
- Caught and prevented $3.2M in unapproved variations
- Improved contractor payment cycle by 40%
- Achieved 100% audit compliance on all projects
“With 15 projects under development, Arkan gives me the visibility I need to make decisions. I know exactly where each project stands without chasing status updates.”
Mohammed Al-Khowaiter
VP of Development, Dar Al Arkan