Digital transformation of capital projects
Groundbreaking innovation for the engineering and construction industry.
Are your projects running over time and budget?
You´re not alone. Today´s project typically costs twice as much as they did 50 years ago, however many of the approaches used have not changed. That is in part because the construction industry ranks among the least digitally enabled sectors despite accounting for 13% of global gross domestic product (GDP). This has resulted in a lack of transparency across the value chain which in turn causes a lag in productivity, putting budgets and schedules at risk of overrun and asset performance delivering below expectation.
It’s a common industry challenge
Only 25%
of capital projects come within 10% of original deadlines.
Just 31%
of them come within 10% of their cost baselines.
Over 95%
of major projects (over $1bn) are delayed or over budget.
We’re here to help fix what’s broken …
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.
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Capabilities
Our offerings include industry-specific platforms, solutions and services that address everything from strategy to smart connected project execution and digital twin to reduce costs and improve performance.
Capital projects strategy & Operating model
- Capital Projects & Digital Strategy
- Capital Projects Op Model Design
- Capital Projects Excellence
- Energy Transition Services
Intelligent planning & design
- Portfolio & Projects Management (PPM)
- Generative Design Studio
Smart connected project execution
- Engineering Information Management (EIM, PLM, ECM)
- Capital Project Command Center
- Project Procurement & Contracting
- Construction Digital Twin
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Capital projects command center/control tower
Generative design studio
Connected construction
Capital projects: Driving value from digital
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 sets out the CAPSTONE management framework, which can help owner-operators and engineering, procurement and construction companies to improve returns on capital expenditures and margins, respectively.
Drive higher returns through digitization and with data-driven insights.
Case studies
Petrofac and Accenture are digitally transforming upstream operations, engineering and construction services.
BP implemented two innovative products to keep its people safe while working faster and more reliably.
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Awards & recognition
Expertise you can build upon: Independent research organizations continuously recognize Accenture as a best-in-class provider of operations consulting, solutions, and services.
RECOGNIZED BY IDC MARKETSCAPE
IDC MarketScape Names Accenture a Smart Manufacturing Services Leader
A Worldwide leader in this 2021 report. Find out more.RECOGNIZED AMONG
Verdantix 2020 Green Quadrant for Operational Excellence Digital Services
A worldwide leader in this market.RANKED NO.1 ON
HfS Top Ten Report for Industry 4.0 Services 2019
Accenture ranked No.1 overall in 2019.
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What we think
Accenture identified 4 key elements that are essential to warehouse operations that maximizes the returns from digital investments.
Drive higher returns through digitization and with data-driven insights.
Why do Digital Initiatives in Capital Projects fail?
Accenture’s Andy Webster explains at SupplyChainBrain
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Our leaders
filter result
Prasant Mishra
Principal Director – Industry X, Capital Projects, Growth Markets & Capability Network Lead
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Related industries
In every country around the world, we help clients lead in their industry, capitalize on industry convergence, and foster cross-industry connections to improve performance and explore new growth opportunities.
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