Company Overview
Honeywell is an engineering and technology company which invents and manufactures technologies that address challenges across multiple sectors, including energy, security, safety, productivity and global urbanization. Its annual revenue is over $30bn.
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“We’ve reduced our cost overruns by $200 million and we identified $250 million of change orders we hadn’t detected because we hadn’t gone after them. Simple changes can have a huge impact on projects because these projects are very low margin and it doesn’t take much to take them off track.”
Jeff Hopkins, Vice President Project Solutions, Honeywell
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“We’ve improved our working capital by roughly half $1 billion over the past year or so. As project schedules evolve, we can see how billing milestones are moving on Cora. We can identify areas where we may be at risk of missing a billing milestone and then take the appropriate action to mitigate that risk. Cora gives us the superpower to look into the future.”Jeff Hopkins, Vice President Project Solutions, Honeywell
Benefits Cora PPM Delivers
- $200M reduction in cost overruns in 8 months
- $250M undetected change orders identified
- Migration of 30,000+ projects (each project containing 200+ data points) and 5,000+ users in a matter of weeks – without business disruption
- Scalability in number of users – from 20% on old platform to 50% with Cora
- “One single source of truth” for operational PPM, including direct link to financials
Further Insights
Learn more about Cora Systems’ PPM Software
