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TRIRIGA |
Organizations will typically spend $20M annually on real
estate projects for new construction, renovations, and facility moves.
Statistics show that more than half of these real estate projects are
over-budget and 84% finish behind schedule(1). These issues cost organizations
millions of dollars of excess project expense, and in many industries,
also result in lost revenue opportunities due to delayed openings of
stores or other revenue-related projects.
TRIRIGA Workplace Performance Management Projects (WPM Projects), a performance
management system for mid-size and large organizations, improves project performance
by carefully managing costs, reducing schedule delays and maximizing resource
utilization. TRIRIGA WPM Projects, one of five enterprise-class analytic applications
which comprise the TRIRIGA Workplace Performance Management (WPM) suite aligns
project targets with broader business objectives, analyzes project performance
vs. target, and identifies specific actions to address areas which are out-of-tolerance
or under-performing.
With TRIRIGA WPM Projects, organizations can reduce
project costs by 3-5%, or in the case of revenue-generating projects,
companies can maximize revenue by accelerating project completion to
increase revenue weeks. TRIRIGA WPM Projects applies improvements to
objectives and processes instantaneously.
Project executives need to improve cost management of projects by better estimating
and forecasting project costs, proactively managing project costs to budget,
and detecting and identifying costly budget changes during the project.
TRIRIGA WPM Projects:
- Analyzes historical project cost averages by region,
project type and even down to detailed project tasks and costs, to
improve forecasting accuracy
- Evaluates and analyzes project cost variances by
project group/program, project type, geography and budget class to
identify and proactively detect costly budget over-runs
- Automatically calculates budget changes and risks,
and evaluates corresponding impacts so that action can be taken to
avoid cost over-runs
In addition to improving cost management, project executives also need to improve
time management of projects through better estimating and forecasting of time
required, proactively managing project time to schedule, and detecting and
identifying schedule impacts from project change orders. TRIRIGA WPM Projects:
- Measures task completion rate by project group, project
type, and project team to better estimate and allocate resources
and time to the project schedule
- Calculates project schedule variance to proactively
monitor tasks and projects trending behind schedule, to identify
opportunities to improve on-time completion rates
- Detects schedule risks and potential impacts by evaluating
and tracking projects that are over schedule to reduce project delivery
risk
Project executives need to allocate the right resources to each project to
ensure effective resource utilization and efficient use of these resources.
Effective resource management increases the utilization and productivity of
project resources to improve both internal project team performance and external
vendor performance. TRIRIGA WPM Projects:
- Measures project management team performance based
on on-time completion rate, quality and cost to identify opportunities
to improve productivity and reduce project costs
- Measures and monitors service delivery and
service cost to detect under-performing or costly vendor services,
to improve productivity and reduce vendor service costs
 Download
the TRIRIGA
WPM Projects fact sheet.
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TRIRIGA
Real Estate
TRIRIGA
Projects
TRIRIGA
Facilities
TRIRIGA
Operations
WPM
Real Estate
WPM
Projects
WPM
Facilities
WPM
Operations
WPM
Enterprise
TRIRIGA Real Estate Environmental
Sustainability (TREES)
Contact
us to learn how CFI can help with your TRIRIGA implementation!
For more information visit TRIRIGA's website: www.tririga.com
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