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features
design
support

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Description

Streamlining adherence to contractual commitments while integrating all decision-makers safeguards significant CAPEX investments, enhances performance, and boosts profitability throughout the asset lifecycle. AVEVA Contract Risk Management is tailored to address the specific demands of Prime Contractors and Owner Operators engaged in the execution of industrial capital projects. This solution facilitates superior decision-making, safeguards financial investments, aligns teams, and increases the profitability of crucial capital investments. Given that capital projects are often fraught with risks, the comprehensive features of Contract Risk Management—including best-practice protocols, claims management, and a proactive alert system—promote heightened efficiency and total project transparency, ensuring constant reassurance. Moreover, users can initiate change requests through preapproved templates, while customizable workflows streamline the routing of these requests to the appropriate parties for assessment and approval. Effectively recognizing the implications of unforeseen changes allows for adequate evaluation time, ultimately contributing to more informed and strategic project management decisions. This proactive approach not only mitigates risks but also fosters a culture of accountability among all stakeholders.

Description

Mitigate risks in your capital projects by integrating your teams and processes through AVEVA's tailored execution strategy, ensuring timely and budget-conscious delivery. Research from McKinsey reveals that a staggering 98% of capital expenditure projects are completed late, with 80% exceeding their financial estimates. Additionally, materials expenses account for around 40% of the total costs in major projects. AVEVA’s Unified Project Execution framework provides a safeguard for your initiatives through improved process management, top-notch change management practices, and a focus on data-driven planning and execution. Equip your decision-makers with specialized software for capital project management, enabling successful delivery even amidst complex challenges. Optimize your material costs by sourcing appropriately priced materials to reduce inventory, minimize waste, and eliminate excess. By anticipating and addressing potential issues and bottlenecks, you can streamline timelines and avoid delays caused by material shortages. This proactive approach not only enhances efficiency but also contributes to the overall success of your projects.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

AVEVA Enterprise Resource Management Yes 
AVEVA Contract Risk Management No 
AVEVA Point Cloud Manager No 
AVEVA Unified Project Execution Yes 

Integrations

AVEVA Enterprise Resource Management Yes 
AVEVA Contract Risk Management Yes 
AVEVA Point Cloud Manager Yes 
AVEVA Unified Project Execution No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) Yes 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

AVEVA

Founded

1967

Country

United Kingdom

Website

www.aveva.com/en/products/contract-risk-management/

Vendor Details

Company Name

AVEVA

Country

United Kingdom

Website

www.aveva.com/en/solutions/engineering/unified-project-execution/

Product Features

Contract Management

Buy Side (Suppliers) Yes 
Completion Tracking Yes 
Compliance Tracking No 
Contract Lifecycle Management Yes 
Electronic Signature No 
Full Text Search Yes 
Government Contracts Yes 
Pre-built Templates Yes 
Sell Side (Customers) No 
Specialty Contracts Yes 
Version Control Yes 
Workflow Management Yes 

Product Features

Construction Management

Accounting Integration No 
Budget Tracking/Job Costing No 
CRM No 
Change Orders No 
Commercial No 
Contract Management No 
Contractors No 
Equipment Tracking No 
Estimating No 
Incident Reporting No 
Mobile Access No 
Offline Access No 
RFI & Submittals No 
Residential No 
Subcontractor Management No 
Timesheets No 

Alternatives