Industrial software specialist AVEVA has signed a partnership agreement with digital construction specialist RIB Software to enhance its Project Execution portfolio offering for process and plant industries.
The integration will provide the AVEVA Unified Project Execution solution with new capabilities from the RIB MTWO platform, such as enhanced estimation and project cost controls and more powerful dashboards and KPI monitoring.
Along with RIB, AVEVA plans to connect project teams and allow them to collaborate more effectively by bringing together the engineering, procurement, and construction functions to deliver a “true” 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.
The two companies say the benefits of doing this include advanced estimation and cost controls for more accurate bidding, enhanced project monitoring through 4D and 5D simulations, and tighter project management.
‘Leading-edge digital solution’
Commenting on the partnership, Peter Herweck, CEO of AVEVA, said: “Data-led project intelligence drives real-time transparency and elevates enterprise-wide business performance by connecting teams with data and boosting collaboration.
“We are excited about the potential of incorporating RIB Software’s and AVEVA’s portfolio capabilities into a leading-edge digital project execution solution.”
The enhanced AVEVA Unified Project Execution platform will help capital project customers to connect teams, visualize data, and reduce project execution risk.
Tom Wolf, global chair and CEO of RIB Software, said: “We are excited to be working with AVEVA and helping them to extend their leadership in capital project execution for the process plant industries.”
Amish Sabharwal, executive vice-president of Engineering Business at AVEVA, added: “AVEVA and RIB Software are building on our successes in our respective domains to come together and offer a joint solution that will digitally transform how capital projects are executed.
“The next stage of our platform approach will accelerate existing gains from digital transformation to drive sustainable results for our customers.”
Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.