AVEVA Contract Risk Management features
Effective Change Control
Initiate change requests using preapproved templates and configure workflows to manage the routing of change requests to the designated parties for review and authorisation. Identify the impacts of unplanned change and mitigate the associated risk of cost, schedule overage, and potential claims.
Enhanced Financial Control
Early warning indicators focus on the most critical situations to reduce unplanned cost overruns. Automatic line-item reconciliation prevents erroneous payments and reduces the number of contract administrators needed to process Applications for Payment.
Align Project Parties
AVEVA Contract Risk Management’s built-in best-practice, claims management, and attentive alert system enables greater efficiency and strengthen trust and transparency amongst project parties.
Mitigate Claims & Disputes
Avoid costly claims & disputes by leveraging alerts and reminders to lower the risk of missing contractual obligations and automatically document change requests and approvals to form a robust, accessible audit trail.
Overview
AVEVA™ Contract Risk Management facilitates decision-making and oversees commercial activities throughout the capital project execution phase, enhancing performance on high-risk assets.
By fostering efficient control and collaboration among stakeholders, this solution optimises project success and ensures fulfillment of contractual obligations, paving the way for a sustainable future in capital project delivery.
Hosted on our secure cloud platform, AVEVA™ Connect, AVEVA Contract Risk Management streamlines processes and automates tasks to support contracting best practices, including collaborative contracting and Integrated Project Delivery (IPD) strategies.
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