Digital transformation of capital projects
Groundbreaking innovation for the engineering and construction industry.
You’re not alone. The construction of today’s capital projects looks very similar to how it did 50 years ago. The difference is, today’s project costs twice as much. That’s in part because, despite accounting for the 13% of global gross domestic product (GDP), the construction industry ranks among the least digitally enabled. This lag has resulted in a lack of transparency across the value chain, which in turn causes a lag in productivity, and puts budgets, schedules and asset performance at risk.
of capital projects come within 10% of original deadlines.
of them come within 10% of their cost baselines.
of major projects (over $1bn) are delayed or over budget.
Accenture has helped clients from a wide variety of industries improve their portfolios, projects, and capital asset performance. Client success examples include:
Technology businesses struggling to reliably deliver and start-up new data centers on time and budget.
Public agencies unable to modernize transit and other infrastructure to drive regional GDP growth.
Utility companies under pressure to build new capacity in order to meet growing demand.
Manufacturers seeking to increase both the safety and remote serviceability of sites during the COVID-19 crisis.
We’ve already built the platforms, tools, and digitally-enabled processes you’ll need to improve your next project. Reduce costs and improve performance with any of these:
This survey-based piece explains how both project “owner-operators” (e.g. industrial companies) and engineering, procurement and construction firms (the companies building the projects) can make more of the digital capabilities and data they already have.
The report also introduces a new management framework, called “CAPSTONE”, which can help owner-operators and engineering, procurement and construction companies to improve returns on capital expenditures and margins, respectively.
BP implemented two innovative products to keep its people safe while working faster and more reliably.
Expertise you can build upon: Independent research organizations continuously recognize Accenture as a best-in-class provider of operations consulting, solutions, and services.
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Our capabilities are strengthened and expanded through key acquisitions that bring new strategy services and expertise to our clients at speed. Access to leading industry players and specialists gives your business a competitive edge.
October 9, 2020: To expand Industry X's manufacturing and supply chain capabilities. Read more.
Expanding Industry X’s digital manufacturing, operations and supply chain business in Germany. Read more.
May 5, 2020: Strengthens Industry X’s ability to make manufacturing more efficient and flexible. Read more.
February 19, 2020: Bolstering Industry X’s strategic design and innovation approach to build smart connected solutions. Read more.