AVEVA Contract Risk Management Integrations

Designed specifically for the process plant and marine sectors, AVEVA Enterprise Resource Management enhances the entire capital project construction design and delivery workflow through superior 3D model integration, reporting, and visualization, leading to valuable insights and improved efficiencies. Accessible via our secure cloud platform, AVEVA™ Connect, this solution consolidates initial project planning, material definition, materials management, procurement and logistics, as well as construction and fabrication planning into one cohesive system, offering complete oversight of your project. Tailored to fit your specific requirements, it seamlessly integrates with your current systems and other AVEVA tools, allowing for application in individual project disciplines or phases. For optimal business advantages, it can be fully integrated utilizing a Unified Project Execution strategy, ensuring enhanced efficiency and productivity throughout the project lifecycle. This level of integration not only streamlines operations but also fosters better collaboration across all teams involved.

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.