Boosting Efficiency in Public Infrastructure Projects

Managing large-scale public infrastructure projects comes with challenges such as budget overruns, schedule delays, and inefficient resource allocation. A government agency sought a comprehensive solution to streamline capital project planning, improve decision-making, and enhance project visibility. By implementing IBM TRIRIGA, the agency achieved a 25% reduction in project delays and a 15% decrease in overall costs.

Challenges

Frequent budget overruns due to poor cost estimation and project scope creep.

Inefficient resource allocation, leading to underutilization or overuse of assets.

Lack of real-time visibility into project progress and financial planning.

Compliance issues with government regulations and reporting requirements.

Solution: Implementing IBM TRIRIGA for Capital Project Planning

The agency adopted IBM TRIRIGA, an Integrated Workplace Management System (IWMS), to enhance its capital project and planning capabilities. Key features leveraged:

• Automated Project Tracking: Real-time dashboards for better visibility and decision-making.

• Financial Optimization: Budget forecasting and automated cost tracking.

• Resource Management: Efficient workforce and asset allocation.

• Compliance Monitoring: Ensured adherence to regulations with built-in reporting tools.

  
  

Results & Benefits

• 25% reduction in project delays through improved planning and automated workflows.

• 15% cost savings by optimizing budget allocation and reducing wastage.

• Increased operational efficiency, enabling faster approvals and streamlined workflows.

• Improved compliance & reporting, ensuring transparency and accountability in public spending.

• Industry Statistics Supporting the Need for Smart Capital Planning

• 80% of large public infrastructure projects exceed budget due to inefficiencies. (Source: McKinsey & Company)

• Digital planning tools reduce project risks by up to 30%, improving decision-making. (Source: PMI)

Conclusion

By leveraging IBM TRIRIGA, this government agency transformed its infrastructure project management, ensuring timely completion, cost control, and compliance. Public sector organizations can achieve similar success by adopting digital tools for capital planning and resource management.

Want to improve your capital project efficiency? Contact CMEx today.