Empowering Efficient Control and Collaborative Project Success
AVEVA Contract Risk Management Software is a powerful tool designed to connect decision-makers, optimize collaboration, and ensure the fulfillment of contractual obligations, all geared towards achieving sustainable success in capital project delivery. By utilizing this software, organizations can streamline their project management processes, minimize risks, and enhance overall project outcomes.
Collaborative Contracting for CAPEX Success
Available on the secure cloud platform, Connect, AVEVA Contract Risk Management caters to Engineering, Procurement, and Construction (EPC) Prime Contractors and Owner Operators involved in industrial capital project execution. It facilitates mutual tracking and efficient management of obligations while automating change request processes and evaluating their financial and contractual implications. This comprehensive approach goes beyond traditional supplier management systems, offering complete contract lifecycle management that fosters informed decision-making, teamwork alignment, and risk reduction across all project phases.
Efficiently Managing Contractual Risk to Avoid CAPEX Overruns
AVEVA Contract Risk Management is a vital tool in addressing CAPEX project overruns. By effectively managing contractual risks, organizations can prevent financial surprises and mitigate potential schedule delays. The software enables users to initiate change requests via pre-approved templates, streamline workflows for review and authorization, and accurately assess the impacts of unplanned changes. This proactive approach allows for enhanced scrutiny, reducing the likelihood of cost overruns and claims.
Key Features of AVEVA Contract Risk Management
AVEVA Contract Risk Management, available on the secure cloud environment Connect, offers essential features to support contracting best practices and Integrated Project Delivery (IPD) strategies. The software provides effective change control processes, enhanced financial management tools, alignment of project parties, and robust claims and disputes mitigation functionalities. By leveraging these features, organizations can uphold contract compliance, enhance project transparency, and strengthen trust among project stakeholders.
Customer Success Stories with AVEVA Contract Risk Management
Sakhalin Energy and Shell are among the many organizations that have benefited from AVEVA Contract Risk Management. These success stories highlight how these companies streamlined their contracting and procurement processes, achieved greater transparency, and successfully managed contractual risks on major CAPEX projects. By leveraging the capabilities of AVEVA Contract Risk Management, organizations can enhance operational efficiency, reduce financial risks, and foster collaborative project environments.
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