- Executive's Need for Visibility is Growing
- Trends Driving the Need for Capital Project Visibility
- The Unique Challenges of Gaining Development Insight
- The Inflexibility of Business Intelligence
- The Agility of Capital Project Analytics
- Recap and Conclusion
This eBook is of most value to executives that must execute and deliver capital projects on time and under budget.
I need insight into project execution. Now. For anyone working on industrial projects, that has become an all too familiar demand from executives. They want reports. They want visibility into the current state of programs. They want key metrics formulated to measure progress and support decision-making. While those efforts can be burdensome at times, the demand is certainly warranted. Today’s technologies, processes and supply chains are overwhelmingly complicated and generate massive amounts of diverse data. As a result, executives are turning more towards metrics as a means to measure progress and root out operational barriers undermining success. They want an up-close look at the specific stages of the process, and they want it in real time. Yet, they also want a birds-eye view into the overall current state of the development. In the energy, process and utilities (EPU) industry, executives are increasingly under pressure to maintain profitability of fleets of facilities. Executives must get them up and running fast. They must maximize their uptime. All while coordinating thousands of employees at hundreds of suppliers with the additional requirements of following strict health, safety and environmental regulations. While more transparency of these projects is warranted, it isn’t easy to deliver. The data generated over the course of a capital project is in a myriad of formats. It exists in a wide range of locations, on desktops, in emails, in enterprise systems. To make capital projects more transparent, not only must this information be aggregated intelligently into a composite view, it must be presented in the context of a specific project. Finally, it needs to be visually depicted and delivered in a manner that executives can easily grasp and digest, that enables them to see the big picture while maintaining the ability to drill down into fine details.