AVEVA and RIB Software announce ongoing strategic partnership
AVEVA and RIB Software have entered into a strategic partnership with the shared intention of driving construction assurance, efficiency and sustainability.
The partnership agreement will enhance AVEVA’s Project Execution portfolio offering for process and plant industries.
The integration will extend the AVEVA Unified Project Execution solution to include new capabilities from the RIB MTWO platform.
This includes enhanced estimation and project cost controls, improved dashboards and KPI monitoring, and optimised construction management with full connected worker capabilities in the cloud.
On the intention of the integration, AVEVA states that together with RIB the company will connect project teams and allow them to collaborate more effectively by bringing together the engineering, procurement and construction functions to deliver a design to delivery solution.
In addition, 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 to create a leading end-to-end integrated, platform solution for multi-dimensional digital construction.
Proposed benefits include 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 optimised use of scarce resources for enhanced sustainability, according to the company.
The joint offering will reportedly 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.
Furthermore, the enhanced AVEVA Unified Project Execution platform will help capital project customers to connect teams, visualise data and reduce project execution risk by using artificial intelligence (AI) and the Cloud to boost safety, efficiency, and sustainability.
AVEVA CEO Peter Herweck says, “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.”
RIB Software global chairman and CEO Tom Wolf says, “We are excited to be working with AVEVA and helping them to extend their leadership in capital project execution for the process plant industries.”
AVEVA executive vice president engineering business Amish Sabharwal says, “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.”