Mining Project Management Software
Capital Project Management for the Mining Industry
While Contruent’s capital project management software is used in nearly every major industry, it has really become the preferred solution for project controls and cost management in the mining, mineral and metals industry.
Mining organizations often experience cost overruns that can be attributed to inadequate project controls, overly optimistic feasibility studies, and poor cost estimation and budgeting processes.
These overruns are further complicated by complex interrelationships between departmental data silos within the mining company, as well as the countless number of external professional services, consultants, and stakeholders involved throughout the project’s lifecycle.
Mining Project Management at Its Best
EPC Capital Project Management Software
Contruent is used by EPC firms as the gold standard for construction cost control software. For Engineering, Procurement and Construction (EPC) firms, projects are constantly increasing in size and scope while competition keeps margins thin. In one moment, a project that was running smoothly can be thrown off schedule and go over budget – leaving project changes to erode those margins even further.
Without comprehensive cost control, troubled construction projects can spiral out of control before anyone even recognizes a problem exists. Consequently, engineering and construction firms are faced with mounting pressure to adopt stringent project cost and earned value management processes to enable complete project transparency. Contruent project management software is a trusted EPC software solution.
Digitizing the Mining Industry
“Once measured by how well a company extracted resources, the industry’s value proposition may be shifting to how well a company acts on information to optimize production, reduce costs, increase efficiency, and improve safety,” a global mining study from Deloitte speaks to the mining industry’s trend toward digitization. “It is becoming clear that success for mining companies isn’t truly about adopting the latest applications (apps) and technologies, which will continue to evolve. Instead, it’s about embedding digital thinking into the heart of their business strategy and practices to transform the way corporate decisions are made.”
Contruent is the beating heart of many organizations’ mining business strategies as a single software solution that brings together all the other programs, including budgets and schedules. For more than 25 years, Contruent has worked with the mining industry to improve capital project management throughout the entire project lifecycle and increase transparency across the enterprise.
Common Challenges for Mining Organizations
Do these issues sound familiar to your mining company?
- Being slow to adopt & embrace digital technologies that can help them function more efficiently
- Lacking transparency in stakeholder relationships and organizational data silos
- Improving forecasting and structuring decentralized data
- Analyzing and managing data to make significant operational improvements to mining
- Overcoming innovation barriers
- Shifting from risk assurance to proactive risk management by anticipating emerging risks
8 out of 10 of the world’s major mining companies use Contruent Enterprise
Organizations like De Beers, Rio Tinto, Greenstone, Anglo American, and BHP Billiton rely on Contruent to leverage common processes for project initiation, resource staffing, budgeting and contingency management, project execution, progressing and project transition.
Solving Mining Organizations’ Problems
Our capital project management software is the industry standard due to its ability to address numerous pain points in the mining industry. Contruent can seamlessly integrate bi-directionally with almost any existing system within an organization, enabling companies to continue utilizing their legacy programs while transitioning to digital operations. This integration facilitates communication and data extraction from ERP systems, accounting software, and other in-house programs into Contruent Enterprise.
Develop and Monitor Feasibility Plans
With Contruent, it’s easy to understand management plans and engineering deliverables for the initial design of piping and instruments, and anticipating materials is a breeze. Analyze progress against deliverables for accurate performance measurement. With enterprise capabilities, quickly conduct what-if analysis and easily prioritize/de-prioritize, or even stop projects as necessary based on feasibility studies.
Manage Contingency and Mitigate Project Risk
With Contruent, our customers monitor, anticipate, and proactively mitigate project risk. Through powerful, yet easily understood analytics, they can predict likely outcomes and avert costly mistakes. We help you address problems long before they reach the crisis stage, giving you the ability to quickly manage contingency and, if needed, enact changes at the enterprise, program, or project level.
Measure Performance
To gain greater visibility and management awareness into variance and trends, Contruent Enterprise provides seamless integration with scheduling and ERP systems to monitor budget versus actual. This comprehensive solution provides highly configurable and robust progressing capabilities, supporting basic earned value management through to fully compliant earned value practices.
Provide Accurate Forecasting
Contruent facilitates configurable workflows tailored for the review and approval of changes, aligning with an organization’s change management process. Recognizing that changes extend beyond the project level, impacting finance, project delivery, and management, we ensure adherence to governance requirements and capture a comprehensive audit trail for accurate approvals.
Improve Standardization and Communication
Lack of standardization and poor communication can significantly diminish productivity and strain budgets. Project controls teams often spend 90 percent of their time gathering and collecting data. By standardizing processes and implementing project controls software like Contruent, our customers empower their teams with fast access to in-depth analysis, enabling them to take corrective actions and, if necessary, eliminate surprises.
Gain Portfolio-Level Insight for Stakeholders
With Contruent, mining organizations can provide insight at the portfolio level to stakeholders regarding project progress and value. We offer more than 100 custom reports to choose from, so getting the right information to the right team has never been easier.
Improve your Project Controls Strategy
Ready to explore if Contruent is a good fit for your projects? Sign up for a quick discovery call today.