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Aconex connected cost webinar - drive project performance

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Are you confident and in control? Are you able to capture all project processes, from credible sources, at the right level, and in real time? Drive Project Performance with Aconex Connected Cost.

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Aconex connected cost webinar - drive project performance

  1. 1. CONFIDENTIAL | 1 Featured Project: Marina Bay Sands Casino Resort, Singapore Connecting teams project-wide Aconex Connected Cost Drive Project Performance Guy Barlow Global Commercial Director Aconex 20 November 2017
  2. 2. CONFIDENTIAL | 2 Current approaches are flawed, wasteful & not sustainable “A 1% reduction in costs would save the construction industry approximately $100 billion annually” •Average projectcost overrun is 70% •Prices of construction projects have risen faster than the consumer price index +70% Increasing Overruns & Costs •Share price drop of 12% after a significant negative project event •Infrastructure projects are more exposed to political & economic risks -12% Growing Risks •Only 1% in productivity gains over 20 years •Reasonableproductivity growth could add $1.6T to the industry +1% Stagnant Productivity
  3. 3. CONFIDENTIAL | 3 RFIs ChangeOrders & Variations Payment Applications Transmittals & Doc Distribution Checklists & Punch Lists Bid & Tender Management Inefficient & Broken Processes Disconnected, substandard project controls leave you uncertain and exposed Information Silos Poor/Failing Performance CAN’T make informed decisions or take action ➕ =Estimates Budgets Actuals Commit- ments Schedule Contracts
  4. 4. CONFIDENTIAL | 4 Collaboration drives productivity & efficiency As organisations evolve and collaboration platforms are adopted, there is clear evidence that processes become more efficient. • Reduced costs • Shorter time • Lower risk Evolution of the ANZ and Asia region’s airport project network – 173 projects, 3,529 participating organisations and 5.2M mails. This graph demonstrates how RFI processes have improved over a 7 year period.
  5. 5. CONFIDENTIAL | 5 Are you confident and in control? 5 • Capture all project processes? • Is information credible? • At the right level? • Real-time? 5.4% of projects meet “best in class” for cost and schedule Source: “Correcting the Course of Capital Projects”, PwC, 2016
  6. 6. CONFIDENTIAL | 6 Manage, measure & report on project performance with confidence •Every project member connected through key processes •Accessible from anywhere – the office or the field •Easy to use, intuitive and dynamic Project-wide Collaboration 1 •Line-of-sight into issues; red flags are raised early •Quickly build customizable reports •Measure performance at the project and portfolio level Early Warnings & Predictive Insights 3 •Full cost capabilities – budgeting, forecasting, variance, payments, etc. •Flexible contracts & change management processes •Planning & scheduling integration Integrated Cost Controls 2
  7. 7. CONFIDENTIAL | 7 Owner GC Subcontractors Suppliers PROJECT-WIDE COLLABORATION A complete view of cost across the value chain
  8. 8. CONFIDENTIAL | 8 INTEGRATED PROJECT CONTROLS PLATFORM Roy Hill Mine| Newman, Australia| US$10 billion Schedule Integration Cost Management Handover to O&M Bids & Tenders Connected BIM Design Document Reviews Inspections, Quality & Safety Submittals & Transmittals Shop Drawing Reviews Daily Site Reports Requests For Information Construction Process Platform Insights & Reporting Workflow Management
  9. 9. CONFIDENTIAL | 9Roy Hill Mine| Newman, Australia| US$10 billion EARLY WARNINGS & PREDICTIVE INSIGHTS Monitor & Manage KPIs Dynamic & Timely Reporting Discover & Action Key Analytics Configure & Rollout Dashboards
  10. 10. CONFIDENTIAL | 10 10
  11. 11. CONFIDENTIAL | 11 Every project member on a connected platform with a single view Project-wide Collaboration Line-of-sight into issues Early Warnings & Predictive Insights Unified project controls for a single view of project performance Integrated Project Controls Connected Cost: Measure performance with confidence A modern collaborative project controls solution integrating cost, schedule, contracts & project information portfolio-wide.
  12. 12. CONFIDENTIAL | 12 ✓ Contracts administration ✓ Payment applications ✓ Change management ✓ Month-end coordination tools ✓ Back-end integrations Contract Management: Keep projects moving with a single view across all contracts • Avoid disputes with streamlined subcontractor management • Minimize month-end chaos • Focus on strategic activities & productivity
  13. 13. CONFIDENTIAL | 13 ✓ Actuals & commitments ✓ Approved & pending contract changes ✓ ETC & EAC ✓ Variance ✓ Percent complete: schedule, cost, hours Budgeting & Forecasting: Minimize project delays and cost overruns • A single view across budget, changes, cost, & schedule • Forecast accurately with unified processes & captured change • Avoid duplicate data with ERP integration
  14. 14. CONFIDENTIAL | 14 ✓ Progress tracking at any level of the WBS ✓ View current period, to date, & at completion ✓ Performance metrics, including earned value Variance Analysis: Measure program performance with confidence • Early warnings to fix problems before they get out of hand • Identify red flags at any level of detail • Configurable variance thresholds
  15. 15. CONFIDENTIAL | 15 Reporting & dashboards: ✓ Actuals, changes, commitments ✓ Control accounts ✓ Rules of credit ✓ Time phased data ✓ Variance Reporting: Gain early visibility for better decision making • Industry standard reports with user-defined parameters • Create reports in minutes with the point-and-click builder • Gain insights across cost, hours, variance, and progress
  16. 16. CONFIDENTIAL | 16 1. Single source of the truth – reality sets in when it’s time to report out 2. Connect schedule and cost – without it, the true effect of change is impossible 3. Flexible and scalable systems – your projects and business will change over time 4. Effective change management – manage change, from initiation to resolution 5. Informed decision making – get the facts, real-time & take the time 5 Ways to Minimize Complexity
  17. 17. CONFIDENTIAL | 17 Featured Project: Marina Bay Sands Casino Resort, Singapore Connecting teams project-wide Thank you.

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