The integration will add new capabilities from the RIB MTWO platform to the AVEVA Unified Project Execution solution, including improved estimation and project cost controls, more powerful dashboards and KPI monitoring, and streamlined construction management with full Connected Worker capabilities in the cloud.
FREMONT, CA: AVEVA, a global leader in industrial software that pushes digital transformation and sustainability, recently announced that it has entered into a partnership with RIB Software (RIB), a global leader in digital construction technologies, to expand AVEVA’s Project Execution portfolio offering for process and plant industries. The integration will add new capabilities from the RIB MTWO platform to the AVEVA Unified Project Execution solution, including improved estimation and project cost controls, more powerful dashboards and KPI monitoring, and streamlined construction management with full Connected Worker capabilities in the cloud.
Peter Herweck, the 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 by using artificial intelligence (AI) and the Cloud to boost safety, efficiency, and sustainability.”
By bringing together the procurement, engineering, and construction processes to create a complete design to a delivery solution, AVEVA will connect project teams and allow them to interact more effectively. AVEVA and RIB have agreed to continue integrating and expanding the new platform, which will combine AVEVA Enterprise Resource Management and AVEVA Contract Risk Management with RIB’s iTWO and MTWO solutions to create a world-class end-to-end integrated platform solution for multi-dimensional digital construction.
“We are excited to be working with AVEVA and helping them to extend their leadership in capital project execution for the process plant industries,” said Tom Wolf, Global Chairman, and CEO, RIB Software.
Advanced estimation and cost controls for more accurate bids, improved project monitoring through 4D and 5D simulations, tighter project management, greater cash flow control, waste reduction, and optimal use of scarce resources for enhanced sustainability are just a few of the advantages. Advanced Work Packaging (AWP), strategic procurement, integrated project delivery, and collaborative contracting are some of the growing best practices that rely on teamwork.
“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,” said Amish Sabharwal, Executive Vice President, Engineering Business, AVEVA.