To see the business value of Intergraph Smart Digital Asset | Collaboration Module, it’s important to know how it works. In our prior updates, we talked about what SDA Collaboration is and how it’s different from other systems.
In summary: To communicate effectively, the project needs to use a common language. Stakeholders need visibility of the evolving "digital twin" and consistent processes, and they need a single source of truth. SDA was developed to make the most of these concepts, and that is where we see the business value.
The Quality Assurance Review process is one example of how SDA Collaboration provides real value to projects.
Increasing project complexity means that there are more documents delivered on projects; in addition, rates are rising for required resources to handle and review the documents. At the same time, many companies are experiencing a decline in their overall experience level due to Baby Boomers retiring and the need to keep staffing lean in times of low product prices. To maintain or reduce the project costs, companies need to make their existing resources more efficient and quickly spin up new resources when needed.
SDA Collaboration delivers the right information to the right people at the right time. This reduces the time spent looking for information and makes it easier for new people to learn. By focusing reviews on the most critical items, less time is spent on items of lower importance. Simultaneous reviewing of documents makes it easy for people to see other reviewers’ feedback and thereby reduces duplicate effort. Consistent work processes and communications means that there is less time spent learning and re-learning systems provided by multiple contributors.
We are confident that SDA Collaboration can reduce the amount of review time by 10 to 15 percent and reduce cycle time by 50 percent. Improving cycle times, better communication, and easy access to information also improves project performance through reductions in change orders, less rework, and streamlined, auditable communications. If we take the low end of the review improvements, there is still significant value without even taking into consideration the other benefits.
For example, if a project had 500,000 deliverables and 10 percent of those were reviewed at eight hours per review and a fully loaded rate of $150/hour, the cost of reviewing documents is $60 million for that project. If we reduce that by only 10 percent then we’re saving $6 million. We would love to hear your thoughts on the business value of collaboration.
Ready for more? Look for our next SDA update when we’ll share the exciting plans we have for rolling out SDA Collaboration at the HxGN LIVE.