CIMdata releases eBook on capital project success for EPCs

February 23, 2017 – CIMdata, the PLM strategic consulting and research firm, released a new eBook focused on strategies and technologies to reduce risk and improve business outcomes for capital projects in the oil and gas, chemical, and power industries. 

Engineering Procurement & Construction (EPC) firms and owner-operators alike face challenges complying with project schedules and budgets as project complexity continues to increase. Incomplete integration among multi-disciplinary design teams and with project management processes results in problems surfacing late in project execution. 

This eBook presents CIMdata's perspective on the use of open standards, notably ISO 15926, to improve interoperability, and the application of integrated project execution and integration construction planning techniques to improve project efficiency. This perspective is augmented with examples provided by Dassault Systèmes and its customers. 

According to Mr. Ed Martin, CIMdata's AEC & Manufacturing Convergence Practice Director, "Capital projects in the oil and gas, chemical, and power industries are among the most complex and expensive projects in the world. Studies have shown that 90% of megaprojects experience cost overruns, and project schedule delays are equally common. Connecting multi-disciplinary project teams to an integrated information platform enables much greater collaboration and real-time transparency. This integration can lead to dramatic improvements in project outcomes, with lower risk and greater accountability." 

To learn more, please download and read the complete eBook at www.CIMdata.com.

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