SOURCE: Industrial Info Resources

Industrial Info Resources

May 18, 2011 06:15 ET

Expert Tools for Project Collaboration and Online Project Management, by Aconex, a Feature of "Industry Today" on

SUGAR LAND, TX--(Marketwire - May 18, 2011) - Industrial Info Resources (Sugar Land, Texas) will host special guest Aconex (San Francisco, California) as part of this week's "Industry Today" webcast. Aconex is an online project collaboration platform that helps engineering and construction project team members to more securely and efficiently manage project information, helping to protect delivery schedules and budgets. To address these risks, Aconex delivers a combination of document management, project communication, bid management, vendor data management and workflow management capabilities -- all on a neutral platform that is independent of any one project participant.

A typical mining, energy, oil or gas project has elevated risk factors due to its complex nature, long-running timeframes, globally disbursed teams and the magnitude of documentation produced. According to Aconex, a $200 million engineering project can produce more than 800,000 documents and correspondence items, and involve approximately 270 organizations over a 24-month period. Typically, each organization on the project has its own systems and processes for managing and sharing information. While these internal systems are important to each company, they don't support project-wide processes -- what Aconex terms "collaboration beyond the firewall" -- which can lead to lost data, operational error and missed deadlines.

"Many project teams find that the traditional tools like FTP sites were not created for a collaborative environment. They become a barrier to trust between project parties, and actually get in the way of good document control and information management," said Leigh Jasper, Aconex CEO. "Other organizations are naturally reluctant to store their information on a system owned and managed by one party on the project. Participants can feel that they ultimately have no control over what happens to it, particularly in case of a dispute."

A neutral platform allows the project owner, EPCM consultants, subcontractors and vendors to be confident that their IP, documentation and communication is secure, and that information is only visible to their own organizations and those that they choose to share it with. This confidence leads to better information capture, which gives maximum value to the organizations on the project.

"Efficient, accurate information exchange is at the core of successful collaboration," continued Jasper. "We're seeing that organizations managing their information and processes best are running far more efficient projects than the rest."

Aconex reports that many engineering and construction project teams are able to resolve complex RFI issues or approval workflows in a matter of a few days, even where many organizations are involved. Comparatively, the same decision-making processes can take weeks where a project is using old-fashioned tools that don't manage information flow efficiently.

Serving clients in more than 70 countries, Aconex is a leader in providing online project collaboration solutions for projects of all sizes. Aconex is delivered on-demand on a project-by-project basis, and is used to ensure that all project information is securely and permanently captured, efficiently distributed and managed, and instantly retrievable. The expert team of Aconex offers unlimited training and support to an unlimited number of users to ensure successful project execution.

Join Leigh Jasper, CEO of Aconex, along with the host of "Industry Today," to learn more about how online collaboration platforms are used on energy, construction and infrastructure projects. Click here to hear this or any of the more than 500 previous "Industry Today" webcasts, covering topics important to industry spending, including trends, outlooks and focus segments on specific industries.

For more information, watch this 3-minute video on how online collaboration keeps projects on track.

Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information send inquiries to or visit us online at

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