Accenture Mine Value Solution

The process captures the exact mine layout, its assets and resources and the current economic parameters, and calculates the financial impact of changes in those areas. In collaboration with the client, we can then develop a short-to-medium-term value agenda that articulates and prioritizes the identified initiatives.

In addition, the solution includes an optimization tool that calculates the financial and operational impact of "what if" scenarios on the current mine layout and economics as well as forecasted economics (such as change in commodity price, anticipated layout, new acquisition or new pit or shaft). The optimization solution also includes a performance dashboard that tracks actual performance versus budget expectations, and highlights the areas that are causing budget deviation—including the projected impact of that deviation on overall performance.

Over and above quantifying value opportunities to increase revenue (2 to 3 percent), decrease costs (5 to 10 percent) and utilize capital more effectively, Accenture can help significantly improve forecasting, planning and budgeting (FP&B). Accenture can help significantly improve forecasting, planning and budgeting benefits, including:

• 50 to 80 percent overall time reduction in developing FP&B plans.
  
  
• 15 to 20 percent reduction in senior executive time spent developing FP&B plans.
  
  
• 30 to 50 percent reduction in budget contingency.
  
  
• 99 percent alignment of the budgeted plan to the operational plan.

With the Accenture Mine Value Solution, executives can gain deeper insight into performance, better control over the business and the ability to keep plans in step with changing business realities.