Capital-intensive projects are becoming larger, more complex and more difficult to execute. But Tech-Clarity research reveals that the biggest obstacles aren't always technical.
75% of organizations say siloed information and miscommunication have a major or significant negative impact on project success.
67% identify skilled labor shortages as one of their biggest project management challenges.
Organizations rely on an average of 7.5 disconnected tools to manage project data, spending 4.8 hours preparing for a single status meeting.
Top-performing organizations are 91% less likely to experience project delays and 90% less likely to exceed project budgets.
So what sets these organizations apart?
The research identifies three common strategies: improving collaboration across stakeholders, adopting a digitalization strategy and establishing a trusted, unified project environment.
With ENOVIA on the 3DEXPRIENCE platform, organizations connect engineering, project management, procurement, construction and operations around a shared project definition. By bringing together project data, governance, collaboration, digital twins and AI-driven insights in a unified environment, teams gain visibility and traceability needed to reduce risk, improve predictability and deliver projects on time and on budget.
Download the Tech-Clarity eBook to discover the strategies top-performing organizations use to manage today's complex capital projects.
