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Project development and engineering must digitize

Chain integration and digitization provide flexibility

  • Project development and engineering must digitize
    Companies in the project development and engineering sector continuously lose millions on their billion-dollar projects, sometimes in just a few hours. The reason is often that they do not have the whole picture. This white paper discusses the trends that make it increasingly difficult for companies in this sector to generate profits. Chain integration and digitization can turn the tide for them.

Companies in the project development and engineering sector continuously lose millions on their billion-dollar projects, sometimes in just a few hours. The reason is often that they do not have the whole picture. This white paper discusses the trends that make it increasingly difficult for companies in this sector to generate profits. Chain integration and digitization can turn the tide for them.

More difficult to generate profits in a buyers’ market

A few hoursdelay or a cancellation can mean a major financial setback that causes profits to evaporate, or worse. The margins in project development and engineering are small and clients are demanding more and more from companies in shorter amounts of time. This places them under immense pressure to deliver flawless work. It is a buyersmarket, in which the client shops around and increasingly demands a lump sum turnkey (LSTK) contract. Additionally, projects are becoming larger and more complex. Being able to make predictions and change course in time is more important than ever. 

Complex chains in project development and engineering 

Understanding costs, critical milestones and the interdependence of activities is essential, particularly because as many as 98% of projects experience delays or run over budget. Coordination between sometimes dozens of chain partners is complicated. Success is ensured through proper monitoring of schedules and budgets, as well as alignment between the various players. 

Solutions to the challenges

In addition to trends within the sector, the white paper also discusses various solutions for companies that want to increase their profit margins. Points explored in-depth include:  

  • Internet of Things
  • Cloud
  • Different ERP systems
  • The automated chain  

Making better use of potential

Companies in project development and engineering still have a tremendous untapped potential to increase their profits. If you would like to learn how to make projects more successful and gain (automated) control over processes, download the white paper. 

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DXC Red Rock

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DXC Red Rock is the largest independent provider of Oracle consulting and managed services in Australia and New Zealand. Red Rock provides dynamic technology leadership in delivering Oracle Cloud solutions, with a full continuum of services around Oracle’s integrated suite of applications, platform services, and engineered systems. As part of DXC Technology, Red Rock offers speed and agility with thought leadership and global scale. This allows us to design and deliver innovative market-leading solutions that enable clients to transform their businesses and the broader market. Oracle has globally recognised Red Rock’s expertise and skills by accrediting us as an Oracle Platinum Partner, Oracle Cloud Select Partner and Cloud Managed Service Provider.

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