REAL-TIME PROJECT INSIGHT FORShipbuilding
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
THE REAL-TIME ECONOMY
The Real-Time Economy is the new consumer mindset with expectations of instant access to products, services, and information, stemming from business processes and value chains becoming entirely digitized and connected. The Real-Time Economy is all around us. We see it in every facet of our lives, from the automated and immediate availability of products and services to instant updates on just about anything across all our devices.
This shift into the Real-Time Economy is not new. It has been occurring undeniably for some time. What is new is that this trend is now pervading project-based businesses.As project-based businesses, shipbuilders must deliver their products faster and at more competitive costs. To do that shipbuilding companies must improve operational efficiencies, tighten financial control measures and reduce the risk profile of client engagements – key factors to success.
Modern shipbuilding is ever more complex because of the increasing demands on mechanical, electrical and network capabilities. Designing and building highly complex ships while facing this increasing global competition and price pressure, not to mention meeting the operational requirements of a ship over its lifespan, is overwhelming. This increases the need for marine software solutions that save money and improve efficiency.
As a project-based business, the Real-Time Economy is instilling new and more demanding expectations in your customers. The key to success is the ability to manage all of your projects, which vary in size and complexity, in real time.
What is the Real-Time Economy and
what does it mean for project-based companies?
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DOING BUSINESS IN REAL TIME
FASTER RESPONSE. MORE CONTROL. LOWER RISK.
What does it mean to operate in real time?
It is about monitoring your entire project portfolio continuously with the ability to react immediately when situations change. Project insight, such as estimate at completion, variance, margins and risk profiles should be aggregated and accessed with the tap of a button. Armed with such real-time insight, you are better equipped to meet the demands of the Real-Time Economy by responding faster and exercising more control over risk, profitability, and cash flow.
For one thing, there’s no integration between financial and operational processes, which seriously hampers productivity and profitability. And the lack of visibility into project performance adds risk when Management
These project management challenges make it just about impossible for an organization to operate at maximum efficiency without implementing a single enterprise resource planning solution.
Generic enterprise systems, however, don’t offer true insight into the stages and facets of each of the projects of a project-driven organization, like shipbuilding contractors. Generic ERP systems create silos of project and company information. And it’s difficult for business executives to break through these silos to get a clear picture of how the business is running on a day-to-day basis. Enterprise ERP also lacks support for core business functions, forcing project-based organizations to run their businesses through any number of disparate tools.
THE RIGHT SOLUTIONThe solution, then, is to integrate all these functions into one Project ERP system that will enable shipbuilders to create business rules to enforce their critical processes. The premise of project ERP is that accurate and timely information must flow seamlessly between the various business functions. That way decision makers will not only have visibility into what’s going on inside the enterprise, they’ll also have greater control over all parts of the business.
Project ERP is a single, integrated solution that enables executives to see a complete, holistic view of a project so they can make critical financial and business decisions for that project.
To meet the demands of the Real-Time Economy we deconstructed the common processes for project management and enterprise resource planning and unified them into ADEACA ONE – delivering a platform for how project-driven companies should operate. Our unerring passion for the last ten years has been analyzing, optimizing and reengineering the processes
>Addresses your entire project-based business, not just a part of it. With ADEACA ONE, the functions of ERP and operational project management are different aspects of the same system, working together in concert.
Only this comprehensive structure will enable you to meet the demands of the Real-Time Economy.
ADEACA’s Project ERP solution helps manage day-to-day project operations, so shipbuilders can meet their project goals and deadlines.
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Request a consultation or demonstration with our experts to learn how ADEACA can bring your shipbuilding business into the Real-Time Economy.