From concept to abandonment, there are many ways in which we can save time and money in the well lifecycle. Improving communication alone is an opportunity area that can prevent cycle downtime. Key players – Exploitation Engineers, Land Managers, Drilling Supervisors, Facilities Managers, Geologists, Production Engineers, just to name a few – all have their individual goals, and communication with each other and their within their respective teams is key to staying on task. Additionally, completing each step in a timely manner is another way that will help you save costs throughout the well lifecycle. A good project management tool can enhance communication and collaboration while providing functionality to keep everyone on task and meeting deadlines. Let’s explore four ways a good project management tool can help reduce costs in the oil well lifecycle.