Project & Asset Management

Real-Time Information and Integration
Current Solution: Project & Asset Management

Benefits Associated With Project & Asset Management

  • Increased
    Data Accuracy
  • Improve Performance
  • Access to Real-time Information
  • Improved
    Project Visibility
  • Reduce
    Operating Cost

Optimize Project Management With Project System

SAP Project System is a module that helps organizations manage projects and portfolios to optimize their time and costs through their entire lifecycle. With the goals of controlling costs and maximizing resources, managing projects with Project System has the ability to deliver data-driven strategies that balance profitability with visibility into project and resource health.

By gaining control of the work and not allowing the work backlog to get control of your organization, you can shift from a reactive or firefighting mode to proactive planning, monitoring and controlling.

The pressure of implementing projects successfully within shorter periods and under continuously rising costs makes Project System an essential tool.

With Project System there is a need to integrate with other areas including production, procurement, plant maintenance, accounting, engineering and more. Access to real-time intelligence and visibility to data across the organization, enabled by SAP, is required for effective management of projects. This integration and use of information means you can plan, execute and account for projects as part of commercial procedures.

Reveal’s oVo® methodology helps organizations achieve improved results optimizing their current processes, leveraging data to action and work cross functionally more effectively. By adhering to this methodology, organizations are able to more precisely meet their high-level objectives: developing a clear roadmap forward, creating an environment of cross-functional communication and building a collaborative culture that works towards the same goals throughout the supply chain.

What Effective Project Systems Looks Like

When Project Management with Project System is effective and optimized there is a clear, unambiguous project structure for successful planning, monitoring, and control.

Your strategy and steps are completed within a specified time period and your backlog of outstanding and uncompleted work shrinks significantly. Your resources are utilized to full capacity. Instead of focusing on current issues, you gain the insight to predict and visualize through real-time intelligence.

Projects are managed with Work Breakdown Structures (WBS) or networks, executed efficiently and on time, and within budget. Furthermore, resources and funds are available when needed.

Integration Challenges

Unfortunately, many companies use programs they have developed by themselves or utilize third party tools that limit integration capabilities. This lack of integration frequently results in project data, such as cost information or time data, needing to be entered several times in several places. With inaccurate and error-prone project data and restricted transparency of project-related information and documents, increased costs and decreased performance and profitability are the byproduct.

The Reality

Effective Project Management through Project System provides real-time information of projects, allowing the most efficient strategies for optimization of costs and risks and improved performance and outcomes.

The result is a more efficient execution of projects and a reduction in costs. In an increasingly aggressive environment with greater and shifting demand the ability to optimize the performance of people, processes and technology could not be more crucial.

Elevating Asset Management

Asset management aims to maximize the use of every available asset and ensure that all facilities and equipment operate at peak performance and efficiency, over the lifetime of the asset. Whether its production plants, capital equipment, transportation fleets or facilities, optimizing the value from these assets helps support the strategic goals of the company. As output demands increase, and associated pressure for improved service performance at lower cost, there is need for an increased discipline of asset management.

Effective asset management reduces mean time to repair (MTTR), optimizes MRO inventory, increases mean time between failure (MTBF) and improves scheduling between production and maintenance.

The use of SAP Enterprise Asset Management (EAM) helps the business better manage assets in an efficient and sustainable way to get real-time visibility into asset performance, improve asset usage, and reduced operating costs and avoid at best, or reduce at worst, unplanned downtime. By enabling scheduled inspections, efficient break/fix repairs processes and sound planning of preventative maintenance assets can be kept in optimal condition, reduce production interruptions, and ensure the safety of all.

What Effective Asset Management Looks Like

Integrating real-time visibility to asset performance and data with preventive maintenance and break/fix processes, organizations benefit from faster, more effective decision making, increased analytical capacities, improved asset utilization and performance with minimized disruptions. Effective Asset Management means identifying potential defects in advance of failure, forward planning, correct use of priorities and following a disciplined approach in the execution of work. Work then becomes more organized and coordinated, scheduling commitments are agreed to and kept, and there is trust cross functionally to work together as a team.

Challenges of Asset Management

Unfortunately, many companies use programs they have developed by themselves or utilize third party tools outside of SAP that limit visibility and integration capabilities. This lack of visibility and integration provides challenges to managing assets at each stage of the life cycle including initial acquisition, utilization, refurbishment and disposal. Other business challenges including lack of automation, ineffective resource scheduling, higher maintenance costs, excessive inventory and constant firefighting arise when organizations struggle with leveraging the data and system capabilities. All of which impacts profitability and organization agility.  

The Reality

Effective Asset Management provides real-time information of assets, allowing the most efficient strategies for optimization of costs and risks and improved performance and outcomes.

The result is a more efficient execution of projects, better utilization of assets and a reduction in costs. In an increasingly aggressive environment with greater and shifting demand the ability to optimize the performance of people, processes and technology could not be more crucial.

Whether it’s optimizing operational performance or implementing additional SAP functionality, Reveal helps organizations improve internal business processes, educate users and deploy the smart use of SAP to achieve sustainable, tangible value. By challenging organizations to move away from being transactionally driven and move towards information-users that manage the process and apply knowledge, improvements in agility, service, cost, and inventory performance are achieved.

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