Decision Dynamics Announces Oncore, Real-Time Project Cost Management Software for the Energy Industry; Tracks Capital & Operations Project Costs by Line Item in Real Time.

CALGARY, Alberta -- Decision Dynamics Technology Ltd. (TSX VENTURE:DDY) today announced the availability of its Oncore real-time project cost management software for use by oil and gas companies, utilities and/or their contractors. Oncore (formerly known as Time Industrial) is the first application that tracks labor, equipment, materials and other costs for capital and operations/maintenance projects by line item, provides robust analytics for complex calculations such as comparative contractor performance, and makes all information available in a central repository in real time.

These and other features provide real-time visibility into project status, help prevent overcharges, flag cost or scheduling problems to allow timely corrective action, and eliminate lengthy reconciliation of contractor invoices and timesheets to contract terms. Other business benefits include reduced post-project audit costs, improved owner/contractor relationships achieved through fewer invoice disputes, and increased accuracy of future estimates based on historical project data maintained in the Oncore database.

"In traditional financial accounting systems, project costs are only reported at a summary level, managed against financial G/L codes with little correlation to the work activities performed, and tracked through contractor invoices that don't arrive until 60 to 90 days after the work is done. This makes accurate root cause analysis, problem resolution, and proactive prevention of serious cost and schedule deviations virtually impossible," said Andrew Jarman, VP of Technology, Architecture and Security for Decision Dynamics. "Oncore's ability to track line items in real time is a major breakthrough in controlling costs as well as a wide variety of other financial and performance issues."

In one six-week Oncore pilot project, for example, an oil and gas company discovered $200,000 in duplicate charges for hours that had been billed on two different invoices. ERP systems and other cost-tracking solutions check for duplicate invoices but cannot detect this kind of problem because they do not track line items.

Key features of Oncore include:

--Integrated real-time job control, cost management, billing and decision support, providing a comprehensive project view from a central data repository.

--Costing against contract rates, ensuring accurate pricing, contract enforcement and handling of retroactive rate changes. All work activity is captured at the work site, routed electronically for approvals according to customer-defined processes, and then priced in accordance with contract terms.

--Cost tracking against any mix of parameters, such as contractor, work type/work package, work discipline (electrical, mechanical, civil, etc.), geographical location, equipment or asset ID, and/or financial cost codes.

--Real-time tracking of project progress, including the ability to supply project management systems with real-time cost information for accurate earned value analysis and true determination of project health.

--Contractor analytics, enabling in-depth evaluation and comparison of contractor performance based on a variety of productivity and earned value metrics.

--Drilldown or rollup for different business functions, providing project cost, status and progress reports from the project and cost control manager level to corporate ERP and financial management and reporting systems.

--Integration with other enterprise databases, including ERP, project management, accounting and human resources, as well as multiple units across an enterprise.

--Row-level security, enabling privilege levels to be configured to tightly control data access by contractors, sub-contractors, and other internal and external users.

Oncore is available both as installed software and as an application hosted in Decision Dynamics' data center.

About Decision Dynamics Technology Ltd.

Decision Dynamics Technology Ltd. is a leading provider of innovative knowledge capture, workflow management, reporting and analytics 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 business visibility and operations agility. The Company has also developed X-Core, a patent-pending, fully integrated, end-to-end data modeling and application development system that can be leveraged across vertical markets. 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.

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