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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
API Access
Has API
Integrations
AVEVA Enterprise Resource Management
AVEVA Contract Risk Management
AVEVA Point Cloud Manager
AVEVA Unified Project Execution
Integrations
AVEVA Enterprise Resource Management
AVEVA Contract Risk Management
AVEVA Point Cloud Manager
AVEVA Unified Project Execution
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
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)
Completion Tracking
Compliance Tracking
Contract Lifecycle Management
Electronic Signature
Full Text Search
Government Contracts
Pre-built Templates
Sell Side (Customers)
Specialty Contracts
Version Control
Workflow Management
Product Features
Construction Management
Accounting Integration
Budget Tracking/Job Costing
CRM
Change Orders
Commercial
Contract Management
Contractors
Equipment Tracking
Estimating
Incident Reporting
Mobile Access
Offline Access
RFI & Submittals
Residential
Subcontractor Management
Timesheets