Industrial software multinational AVEVA has signed a partnership agreement with construction digital technologies company RIB Software to enhance AVEVA's project execution portfolio offering for process and plant industries.
The integration will extend the AVEVA Unified Project Execution solution to include new capabilities from the construction cloud RIB MTWO platform.
These capabilities include enhanced estimation and project cost controls, more powerful dashboards and key performance indicator monitoring, as well as optimised construction management, with full connected worker capabilities in the cloud.
“With RIB, AVEVA will connect project teams and allow them to collaborate more effectively by bringing together the engineering, procurement and construction functions to deliver a true design-to-delivery solution.
“AVEVA and RIB have committed to further integration and expansion of the new platform that will bring together AVEVA Enterprise Resource Management and AVEVA Contract Risk Management with RIB’s iTWO and MTWO solutions that create a world-leading end-to-end integrated platform solution for multi-dimensional digital construction,” AVEVA says.
“Data-led project intelligence drives real-time transparency and elevates enterprise-wide business performance by connecting teams with data and boosting collaboration. We are excited about the potential of incorporating RIB Software’s and AVEVA's portfolio capabilities into a leading-edge digital project execution solution,” AVEVA CEO Peter Herweck notes.
The enhanced AVEVA Unified Project Execution platform will help capital project customers to connect teams, visualise data and reduce project execution risk by using artificial intelligence and the cloud to boost safety, efficiency and sustainability.
Benefits include advanced estimation and cost controls for more accurate bidding, enhanced project monitoring through four dimension and five dimension simulations, tighter project management, improved cash flow control, as well as a reduction of waste and the optimised use of scarce resources for enhanced sustainability.
The joint offering will help the industry further align to emerging best practices that rely on collaboration, such as advanced work packaging, integrated project delivery, strategic procurement and collaborative contracting.
“We are excited to be working with AVEVA and helping them to extend their leadership in capital project execution for the process plant industries,” RIB Software global chairperson and CEO Tom Wolf says.