Digital Transformation is a buzzword in modern capital projects management, and for good reason: leveraging new technologies is one of the most powerful ways to improve project predictability, encourage productive collaboration between teams and — critically — boost the bottom line. Whether you’re just beginning to explore the idea of digital transformation in your capital project organization or you’re well into the work, Velocity’s Digital Transformation Archive has something for you.
Concrete, practical ideas for better capital project knowledge management in these extraordinary times.
Our industry doesn’t understand change. We haven’t invested in understanding what it takes to make change happen, and we don’t even agree on what factors improve results and outcomes. In this article, Olfa Hamdi explores five key roadblocks to transformational change in capital projects, with the hope that, together, we can begin to dismantle them.
It’s time for capital projects professionals to embrace the digitization and automation that has come with the fourth industrial revolution, says Zoubeir Lafhaj. Discover why »It’s time for capital projects professionals to embrace the digitization and automation that has come with the fourth industrial revolution, says Zoubeir Lafhaj. Discover why.
On a capital project team, relationships aren’t linear, they’re circular. So why are materials managers so often left out of the loop?
The IT department should be fully integrated into the mission-critical work of a capital project organization. Technology leadership should be fully aware of each project’s bottom line and should — for lack of a better word — feel the pain of delivering that project on-time and on-budget.
Achieve this by setting KPIs that are directly related to technology.
You’ve improved business efficiency with a digital twin for your physical properties. Why don’t you have one for your project team?
5 easy steps that Owner and EPC companies can take to protect capital project organizations from cyber attacks.
Real-time assurance is here. Is your capital project organization ready? First, a definition. Real-time assurance is the practice of continuously monitoring the progress and risks in a capital project, coupled with the continuous benchmarking of that progress against project milestones and comparable projects as well as the continuous expert review of key project deliverables.