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Evaluating industrial software for capital project deliveryEVALUATION GUIDEHow
to select the right software to help you engineer sustainable, digital, and
connected capital projects of the future

2Evaluating industrial software for capital project deliveryContentsCapital
projects are complex undertakings that involve huge networks of both internal
and external stakeholders. Cascading project dependencies, interdisciplinary
collaboration, and external delays are just some of the factors that contribute
to the unenviable reputation of capital project delivery across the process
plant and marine sectors.Building the sustainable, connected capital projects of
the future requires innovation, flexibility, and collaboration. Digital
technologies can enable teams to execute capital projects successfully, through
all of your delivery and project phases.Everyone in the projects industry wants
to enable the on-time and on-budget delivery, but selecting the right digital
software is no easy task. We’ve crafted this guide to help your organization
consider its current digital capabilities, discrepancies, internal biases, and
needs. Follow the guide to conduct a quantitative and qualitative assessment of
potential digital solutions that will allow you to make the most of your future
technology investment.IntroductionIntroductionStep 1 – Assess your business
needs Step 2 – Identify internal and external stakeholdersStep 3 – Determine the
scope of your digital adoptionStep 4 – Determine your interoperability and
process alignment priorities Step 5 – Determine your software feature
requirementsStep 6 – Determine your training, support, and deployment
requirementsStep 7 – Interpret and schedule your selection criteriaStep 8 –
Evaluate each software solution providerPage23567891011Only 25% of capital
projects come within 10% of original deadlines. 31% of them come within 10% of
their cost baselines. Over 95% of major projects (over $1 billion) are delayed
or over budget.1A recent McKinsey analysis suggests that “existing digital
technologies, when applied comprehensively and efficiently, can reduce overall
project costs by as much as 45%.”21Digital transformation of capital projects,
Accenture2Navigating the digital future: the disruption of capital projects,
McKinsey & Company











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[eBook] Project Execution
The same forces that drive new capital projects and operations models also add
complex new challenges to capital project business models. Thankfully, new
systems make it possible to modernize organizations and solve persistent
problems in project execution.
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