Essex head coach Paul Grayson has said his side could go "all the way" in all three formats of the game this year.
Essex reached the quarter-finals of the T20 Blast and the One-Day Cup and finished third in Division Two of the County Championship in 2014.
"We've played some good cricket the last few years but just fallen short a few times," he told BBC Essex.
"I feel like we've got the all-round squad to go all the way in all three formats this year."
He added: "You'd probably say we're a slightly better one-day side than a Championship side, but I think we've grown into that format.
"I think we've got a squad now that can play well in four-day cricket."
Essex saw five senior players depart the club at the end of last season, including seamer Tymal Mills, retired spinner Tim Phillips and former England pace bowler Sajid Mahmood.
They have so far not signed any senior replacements for the Championship, and Grayson admits he may have to abandon hopes in one competition because of a lack of squad depth.
"Maybe youth will get a bit more of an opportunity in the Championship and the experienced lads for the one dayers," he added.
"We'll assess the 50-over competition and see where we're at as a group because we fell short in three competitions last year and maybe we didn't have the depth in the squad to go for all three formats.
"We may have to neglect one of the competitions to achieve our goals this year."