Compare AVEVA Unified Project Execution vs. AVEVA Contract Risk Management

AVEVA Unified Project Execution

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AVEVA Contract Risk Management

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What is AVEVA Unified Project Execution?

Reduce the risks tied to your capital projects by harmonizing your teams and workflows using AVEVA’s tailored execution methodology, which guarantees on-time delivery within budget constraints. Research from McKinsey indicates that an alarming 98% of capital expenditure projects fall behind schedule, with 80% exceeding their allocated budgets. Furthermore, it is essential to recognize that material costs represent almost 40% of the overall expenses in large-scale projects. AVEVA’s Unified Project Execution framework offers a solid risk management structure through exceptional process governance, advanced change management, and an emphasis on data-driven planning and execution in construction. Enhance collaboration among key decision-makers with software designed specifically for capital project management, allowing for adherence to deadlines and budget limits, even in the face of intricate challenges. By strategically sourcing materials at competitive prices, you can cut down on material costs, thus minimizing excess stock and waste. Moreover, by improving your planning methodologies and tackling potential hurdles head-on, you can effectively reduce project durations and lessen delays that result from material shortages. Ultimately, adopting AVEVA’s method not only optimizes your project delivery but also cultivates an environment of ongoing enhancement and operational efficiency, paving the way for future successes. This comprehensive approach empowers teams to achieve higher performance standards while managing complex project dynamics effectively.

What is AVEVA Contract Risk Management?

Optimizing compliance with contractual obligations while connecting all decision-makers is crucial for protecting substantial capital investments, improving operational efficiency, and increasing profitability during the asset's entire lifecycle. AVEVA Contract Risk Management is specifically designed to meet the unique needs of Prime Contractors and Owner Operators involved in industrial capital projects. By enhancing decision-making processes, protecting financial resources, unifying project teams, and increasing the profitability of key capital investments, it effectively tackles the difficulties encountered in capital project delivery. Since capital projects are often fraught with risks, the comprehensive elements of Contract Risk Management—such as best-practice frameworks, claims handling, and a proactive notification system—promote higher efficiency and complete transparency throughout the project's course, instilling confidence in stakeholders. Additionally, the process of initiating change requests is made easier with the use of pre-approved templates, while tailored workflows guide these requests to the relevant parties for careful consideration and approval. This allows for a detailed evaluation of the consequences stemming from unexpected changes. By employing this organized strategy, potential disruptions are significantly reduced, enabling teams to manage complexities with assurance and thereby securing successful outcomes for their projects. Moreover, this systematic methodology not only supports effective communication but also cultivates a collaborative environment that enhances overall project success.