Empowering Efficient Control with Aveva Marine Contract Risk Management

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Products-Aveva Marine

Empowering Efficient Control with Aveva Marine Contract Risk Management

Collaborative Contracting for CAPEX Success

Aveva Marine Contract Risk Management, available on the secure cloud platform Connect, offers a solution for Engineering, Procurement, and Construction (EPC) Prime Contractors and Owner Operators engaged in industrial capital projects. This software allows mutual tracking and management of obligations while automating the process of receiving, reviewing, and approving changes throughout all project phases. Beyond standard tender and supplier management systems, it provides comprehensive contract lifecycle management to enhance decision-making, align teams, and reduce project risk.

Effective Risk Management for CAPEX Projects

A key feature of Aveva Marine Contract Risk Management is its ability to manage the entire contract lifecycle on individual projects or enterprise-wide. It can also be deployed as part of a Unified Project Execution approach to optimize return on capital investments. By effectively managing contractual risk, this software helps address CAPEX project overruns and ensures that projects stay on track, on time, and within budget.

Key Features of Aveva Marine Contract Risk Management

Aveva Marine Contract Risk Management, available on the secure cloud environment Connect, offers various features to support contracting best practices. These include effective change control through predefined templates and configurable workflows, enhanced financial control with early warning indicators and automatic reconciliation, alignment of project parties through claims management best practices, and mitigation of claims and disputes through alerts and reminders. The software ensures greater efficiency, trust, and transparency among project stakeholders.

Customer Success Stories with Aveva Marine Contract Risk Management

Companies like Sakhalin Energy and Shell have successfully streamlined their contracting and procurement processes using Aveva Marine Contract Risk Management. Sakhalin Energy achieved greater transparency in their operations, while Shell has managed contractual risk on multiple CAPEX projects, including the $12 Bn Prelude FLNG project, without any claims. These success stories highlight the effectiveness of Aveva Marine Contract Risk Management in real-world project environments.

Related Products and Resources

In addition to Aveva Marine Contract Risk Management, AVEVA offers other related products such as Enterprise Resource Management, Point Cloud Manager, and Asset Information Management to support various aspects of capital project management. The industrial cloud platform, CONNECT, provides secure access to a wide range of industrial SaaS tools, including artificial intelligence capabilities. By leveraging these products in conjunction with Aveva Marine Contract Risk Management, organizations can accelerate their digital transformation and drive efficiencies in project execution.

Stay Ahead in Today’s Competitive Market!
Unlock your company’s full potential with a Virtual Delivery Center (VDC). Gain specialized expertise, drive seamless operations, and scale effortlessly for long-term success.

Book A Meeting To Setup A VDC

Optimizing Marine Operations with Aveva Unified Operations Center

Converge and Contextualize Marine Operations

Aveva Unified Operations Center for Marine provides end-to-end operational visibility for vessel construction, shipyard operations, and the digital ship to optimize industrial marine operations sustainably. By converging operational technology (OT) and information technology (IT) into a single pane-of-glass solution, the platform empowers teams with actionable information for informed decision-making. It contextualizes data from various systems to offer a comprehensive view of shipyard operations, covering areas like vessel construction, fuel management, health & safety, and connected workers.

Read article

Empowering Industrial Businesses Through Aveva Marine's Industrial Internet of Things Solutions

The Industrial Internet of Things Explained

The Industrial Internet of Things (IIoT) is revolutionizing how businesses collect and leverage data. Unlike the Internet of Things (IoT), which encompasses everyday devices like wearables and smart TVs, the IIoT specifically targets industrial devices. These newly 'smart' devices, such as sensors, valves, switches, and field devices, now have the capability to transmit data to systems like HMI and SCADA or directly to cloud platforms. This means that businesses can now access critical data streams that were previously inaccessible, enabling a more comprehensive view of their operations.

Read article

Enhance Operational Efficiency and Sustainability with AVEVA Production Accounting

Optimizing Efficiency and Sustainability

AVEVA Production Accounting offers a comprehensive solution to address unaccounted losses in refineries, petrochemical plants, and processing facilities. By leveraging meticulous data reconciliation capabilities, error identification, and closing mass balance gaps, this software enables organizations to increase operational efficiency significantly. Improved feedstock and product accountability are achieved through precise material tracking and yield tracking, allowing for the pinpointing of inventory losses.

Read article

AVEVA Marine: Revolutionizing Industrial and Manufacturing Processes with Human Machine Interface Solutions

Understanding Human Machine Interface (HMI)

Human Machine Interface, or HMI, serves as a critical tool for operators and line supervisors in industrial settings, allowing them to coordinate and control manufacturing processes effectively. HMIs enable users to monitor machinery status, interpret complex data, and ensure optimal performance through visual displays providing real-time information on various variables like tank levels, pressure, and motor status.

Read article

Innovating Plant Processes with Aveva Marine: A Comprehensive Solution

Introduction to Aveva Marine

Aveva Marine is an integrated platform designed to facilitate innovation across the entire process life cycle, encompassing design, simulation, training, and operations. Engineers and operators can leverage a digital twin to explore and analyze potential designs comprehensively to evaluate their impact on sustainability, feasibility, and profitability across various engineering processes.

Read article

Welcome to Knowledge Base!

KB at your finger tips

Products-Aveva Marine