Digital transformation of capital projects
Groundbreaking innovation for the engineering and construction industry.
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.
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.
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.
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.
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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