There’s no denying projects are unpredictable. In a featured New York Times Article titled “Years of Delays, Billions in Overruns: The Dismal History of Big Infrastructure,” author Ralph Vartabedian discussed the growing prevalence of monetary and scheduling uncertainties plaguing today’s projects in the United States. Today’s project cost overruns don’t just cost thousands, but rather […]
Portfolio Optimization – Avoid Wasting Millions and Drive Strategic Priorities
May 26th, 2022
Background This is the second in a series of posts exploring findings and financial benefits identified in the Hexagon-commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting. The study examines the potential return on investment (ROI) organizations can realize by implementing EcoSys™. EcoSys is an Enterprise Project Performance (EPP) solution that supports the success […]
Riding the Wave of Digital Transformation – Digitalization for Shipbuilders
January 26th, 2022
Shipbuilding is manually intensive and over-reliant on legacy processes and technology. As a result, shipbuilders are missing out on the benefits of digitalization that are being realized in other industries. Sub-optimal productivity is just one factor however. Like all industries, shipbuilding is also facing strengthening demand from customers, regulators and the public to increase sustainability and reduce the environmental impact of their activities. […]
Scope Creep: What It Is and How to Manage It
February 1st, 2021
Every project starts with the seed of an idea, but translating those ideas into real outcomes is tough—most projects hit major roadblocks and overruns before they cross the finish line. According to the PMI 2020 Pulse of the Profession Report, 11.4 percent of investment is wasted due to poor project performance. Why do projects perform […]