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AVEVA announced that it has signed a partnership agreement with RIB Software (RIB), a supplier of digital technologies for construction, to help enhance AVEVA’s Project Execution portfolio offering for the process manufacturing industries. The integration will extend the AVEVA Unified Project Execution solution to include new capabilities from the RIB MTWO platform, such as enhanced estimation and project cost controls, more powerful dashboards and KPI monitoring, and further optimized construction management with Connected Worker capabilities in the Cloud.
Together with RIB, AVEVA will connect project teams and allow them to collaborate more effectively by bringing together the engineering, procurement and construction functions to deliver an end-to -end design to delivery solution. AVEVA and RIB have committed to further integration and expansion of the new platform that will bring together AVEVA Enterprise Resource Management and AVEVA Contract Risk Management with RIB’s iTWO and MTWO solutions that create an end-to-end integrated, platform solution for multi-dimensional digital construction.
Benefits include more advanced estimation and cost controls for more accurate bidding, enhanced project monitoring through 4D and 5D simulations, tighter project management, improved cash flow control, as well as a reduction of waste and more optimized use of scarce resources for more enhanced sustainability. The joint offering will help the industry further align to emerging best practices that rely on collaboration, such as advanced work packaging (AWP), integrated project delivery, strategic procurement and collaborative contracting.
The enhanced AVEVA Unified Project Execution platform will help capital project customers to connect teams, visualize data and reduce project execution risk by using artificial intelligence (AI) and the Cloud to help boost safety, efficiency, and sustainability.