When managing a large portfolio of capital projects, each project starts by developing the scope. The scope is rarely identical to a past project, but always with similarities. So the challenge is how to drive the right balance of re-use, while also being able to tweak the scope based on any given project. Furthermore, the scope typically evolves over time, starting with feasibility studies and moving towards budgeting and planning.
In addition, capital projects include a range of different types of cost; hardware, software, engineering, services, financial instruments, etc. Each of these types of costs is typically estimated in different ways, using different estimating methods and different estimating sources. Some can be automatically derived based on a price catalog or historic PO data, while some require a user to estimate or even create a sourcing event. The challenge is how to manage it all in one place, without manually typing it into an Excel sheet.
It is also critical to integrate the process with purchasing. Estimates are linked with commodities and sub-commodities and based on rules defined around sourcing, the system will automatically recommend a sourcing plan; suppliers, and sourcing tactics. The sourcing plan can be pushed into Coupa or SAP Ariba, where it can executed upon. Twenty5 will get notified of the actual progress on the sourcing and data will be directly integrated into the capital project.
Finally, the challenge of how to bring it all together. Processes and data are typically scattered among a range of different systems and only the users are holding it all together.
We believe companies managing a portfolio of capital projects are immature in managing their capital project portfolio and are stitching together projects using custom apps and Excel spreadsheets, mainly because nothing else is available. The good news is, with Twenty5, we can offer a solution to address your needs. We can handle your complexity and provide you with an integrated solution that leverages your data from SAP and PLM. Now, you can improve the way you manage capital investments
When managing a portfolio of capital projects, there are some essential capabilities needed for scoping, estimating and managing those projects. Here are the ones we believe are especially important to you.
PROJECT KNOWLEDGE BASE
Get better for every time
Retain the knowledge from one project to the next and define best practices for repeatable project types. This helps develop scope for a new project faster and build upon the knowledge that you have gathered
BENEFITS by ROLE
Different people will experience different benefits. As a whole, it can change the way you do business.
Estimate based on historic
Integration with sourcing
Create sourcing plan
Accelerate project setup
Automate creation of project baseline
Manage cost rates
Below are some additional resources to help you learn more about our solution and how it might help you.