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 […]
Capital Budgeting: Definition, Benefits, and Process
March 19th, 2021
As the global market becomes more competitive, businesses become more reliant on quantitative and data-driven analytics to make major decisions. Relying on numbers to give you an informed and objective pathway is more astute than working based on assumptions or the learning-by-trying methodology. This objective approach proves critical for companies looking into new and high-profile […]
Project Analytics: Benefits, Challenges and First Steps
February 22nd, 2021
Underperformance is nothing new in the world of capital projects. Large projects experience cost and schedule overruns consistently. They are not meeting their intended objectives, not delivering expected business value. We’ve been hearing the same story for years. Additionally, projects are beginning to have a greater impact on shareholder value. This has raised the stakes […]
Overcoming Complexity with Project Portfolio Forecasting
December 22nd, 2020
Portfolio forecasting, or multi-project forecasting, allows for greater ease in updating forecasts across a wide range a projects. Current software solutions can help you enable this methodology to improve your project performance. Let’s first review why forecasting is so important in projects. Then, we will look in more detail at the benefits of project portfolio […]
How to Optimize Project Portfolio Management
November 23rd, 2020
Competition and market forces are challenging organizations more than ever. This makes the imperative to optimize return on investment vital to success. To keep pace, organizations need to ensure they invest in a mix of projects that delivers the highest value. They must implement solutions and strategies that allow them to quickly evaluate all ideas, […]
Projects and the Power Industry: The Next Normal
November 17th, 2020
In recent years, the Power Utilities industry has been characterized by change and increasing opportunity. To keep pace, organizations have funneled more investment into capital and operations and maintenance (O&M) projects. In emerging markets, the Power Utilities industry has been experiencing strong demand for several years. Power generators and transmission and distribution companies have done […]