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as a whole. In addition, a significant number of
important association among stakeholders exist on
global basis to analyse common issues, and sug-
gest best practices.
On the other side, a few technological forces bring
innovation, which is potentially transforming the
way capital projects are defined, managed, execu-
ted and delivered, while the industry is still striving
to achieve more efficiency, more effective costs
control, and therefore maximizing return on both
expenditures and investments.
In other words, large room exists for improvements,
as many stakeholders admit.
As mentioned, innovation is again the key word
here. However, innovation means nothing without
technology; but then the questions become the
Figure 1: How project control & cost control personnel followings:
should be spending their time
• What technology is needed;
• Which domains are potentially impacted;
d it allows digital synergies among Compa- • How disruption enables a significant bre-
nies as well as inside each of them; akthrough.
3. It enhances management enabling faster, wi- At this purpose, at least three drivers deserve atten-
der and deeper control on business critical tion, as described through following paragraphs.
work processes, so that more informed – and
therefore better – decisions can be taken.
Internet Connectivity and
Executing Projects Business Cloud Experience
Capital project industry - and relevant execution - In last few years, costs of Internet connectivity has
is good example for discussing about digitalization significantly dropped while at the same time ban-
and disruption. dwidth availability has grown exponentially, almost
From one side, this industry relies on quite matu- everywhere on the planet. This process has come
re activities and work processes; benefits from a together with the need for decreasing total costs
wide available business literature, which helps in of ownership in maintaining complex systems in-
describing and modelling them - either in part or frastructure. However, it has generated important

Figure 2: Smart™ Materials Supplier Portal

102 Impiantistica Italiana - Gennaio-Febbraio 2017