{"id":659,"date":"2022-08-02T10:38:57","date_gmt":"2022-08-02T08:38:57","guid":{"rendered":"https:\/\/www.akeron.com\/tarko\/2022\/08\/02\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/"},"modified":"2024-05-10T12:26:59","modified_gmt":"2024-05-10T10:26:59","slug":"critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software","status":"publish","type":"post","link":"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/","title":{"rendered":"Critical issues for Engineering companies: how to solve them with Project Business Automation Software"},"content":{"rendered":"<p>According to research by the\u00a0<strong>Project Management Institute<\/strong>,\u00a0<strong>28% of projects fail because they are based on inaccurate cost estimates<\/strong>.<\/p>\n<p>Partial analysis of stakeholder requirements and lack of visibility on costs, human resources and skills availability are among the main causes of this trend.<\/p>\n<p>In\u00a0<strong>engineering companies<\/strong>, a further challenge is the\u00a0<strong>complexity of projects<\/strong>. This complexity stems from the need for preliminary analyses and feasibility studies which are not immediately attributable to an actual project, yet demand hours of time and call extensively on resources.<\/p>\n<p>This is why\u00a0<strong>preventive cost analysis<\/strong>\u00a0is essential in this context.<\/p>\n<p>Such analysis enables\u00a0<strong>accurate appraisal of the costs<\/strong>\u00a0associated with the stages prior to the execution of the project and, through the correct allocation of time, resources and materials used in pre-sales, it also guarantees a\u00a0<strong>precise definition of the\u00a0<em>mark-up<\/em><\/strong>.<\/p>\n<p><strong>How?<\/strong>\u00a0A combination of\u00a0<strong>historical data<\/strong>\u00a0from implemented projects and\u00a0<strong>current requirements<\/strong>\u00a0is used to minimise any loss of profits, and to allow\u00a0<strong>simulated forecasting scenarios<\/strong>\u00a0that account for resources, time worked, hourly rates and overall profitability.<\/p>\n<p><strong>Akeron Project Business Automation<\/strong>\u00a0has\u00a0<strong>built-in features that allow you to historicize and analyse the progress of each project<\/strong>\u00a0by specific size (sector, work team, time, technical resources and materials used). The advantages contribute to the realization of a\u00a0<strong>credible feasibility study<\/strong>\u00a0that allows:<\/p>\n<ul>\n<li>Development of greater\u00a0<strong>awareness of production capacity<\/strong><\/li>\n<li>Establishment of the\u00a0<strong>correct selling price<\/strong><\/li>\n<li>The achievement of a\u00a0<strong>good balance between sales and production<\/strong><\/li>\n<\/ul>\n<p>Thanks to Akeron Project Business Automation, the complexity of projects will be mitigated by the simplicity of using a software which can provide <strong>full visibility and supervision of the entire project cycle<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to research by the\u00a0Project Management Institute,\u00a028% of projects fail because they are based on inaccurate cost estimates. Partial analysis of stakeholder requirements and lack of visibility on costs, human resources and skills availability are among the main causes of this trend. In\u00a0engineering companies, a further challenge is the\u00a0complexity of projects. This complexity stems from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":86017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[125,1],"tags":[102],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Critical issues for Engineering companies: how to solve them with Project Business Automation Software - Tarko Software Platform<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Critical issues for Engineering companies: how to solve them with Project Business Automation Software - Tarko Software Platform\" \/>\n<meta property=\"og:description\" content=\"According to research by the\u00a0Project Management Institute,\u00a028% of projects fail because they are based on inaccurate cost estimates. Partial analysis of stakeholder requirements and lack of visibility on costs, human resources and skills availability are among the main causes of this trend. In\u00a0engineering companies, a further challenge is the\u00a0complexity of projects. This complexity stems from [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/\" \/>\n<meta property=\"og:site_name\" content=\"Tarko Software Platform\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-02T08:38:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-10T10:26:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.akeron.com\/tarko\/wp-content\/uploads\/sites\/3\/2022\/08\/iStock-1217882746-1-Copia.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"844\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.akeron.com\/tarko\/en\/#\/schema\/person\/00d201659db132c6822da43bd53a63e4\"},\"headline\":\"Critical issues for Engineering companies: how to solve them with Project Business Automation Software\",\"datePublished\":\"2022-08-02T08:38:57+00:00\",\"dateModified\":\"2024-05-10T10:26:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.akeron.com\/tarko\/en\/critical-issues-for-engineering-companies-how-to-solve-them-with-project-business-automation-software\/\"},\"wordCount\":287,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.akeron.com\/tarko\/en\/#organization\"},\"keywords\":[\"Architecture &amp; 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