Overview
Reduce costs and generate returns on capital projects
Adopting capital project management technology can reduce overall project costs by up to 45%¹, which is important when the average capital project is 80% over budget and 20 months behind schedule.² Doing it manually means paperwork and a lot of confusion.
IBM® TRIRIGA® Application Suite addresses these issues by:
- Providing integrated platform, processes and analytics
- Identifying funding priorities in capital projects
- Reducing project schedule overruns
- Streamlining project cost accounting
Key benefits of TRIRIGA capital projects management
Project portfolio management with funding request analysis
Generate high return capital projects that balance risks with financial and environmental returns.
Critical path scheduling, critical alerts and automated reminders
Accelerate program and capital project schedules by identifying critical tasks and processes.
Consultant and contractor management process
Reduce change orders and overpayments by automating procurement and contract life cycles.
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Footnotes
¹ What is the case for investing in workplace technology? Verdantix, October 2020 (PDF, 2.2 MB)
² Navigating the digital future: the disruption of capital projects McKinsey & Company, October 2017 (link resides outside IBM)