Fusion for Energy Selects EcoSys for Cost Management
HUNTSVILLE, AL, USA, Mar 9, 2018 - Fusion for Energy (F4E) has selected EcoSys by Hexagon PPM to serve as its enterprise Cost Management System. F4E is the European Union’s organization that manages the EU’s contribution to ITER, the world’s largest scientific partnership aiming to demonstrate fusion as a viable and sustainable source of energy.
F4E chose EcoSys as its preferred cost system over competitors because of the software’s flexibility and user-friendliness. These were critical factors for F4E for a successful implementation. In addition, the Primavera P6 integration capabilities, the intuitive spreadsheet-like interface, the availability of training and built-in project management best practices contributed significantly to F4E’s decision.
EcoSys is being used to manage the cost forecasts, estimates and budgets for all F4E’s projects. EcoSys offers a complete platform of best practices for budgeting, cost forecasting and project performance management, allowing F4E to analyze project costs faster and improve predictability. It also provides the flexibility to tailor the solution to meet the varied needs of F4E’s departments and locations in Barcelona, Spain; Cadarache, France; and Garching, Germany.
Kevin Baker, head of the project management department at F4E, said, “We are pleased with our decision to implement EcoSys at Fusion for Energy. EcoSys has given us a robust and easy-to-use financial planning system. Hexagon PPM’s consultants on the project provided F4E with exactly what we needed, and their focus on project delivery ensured that the configured software was delivered on schedule and on cost. EcoSys is already a core component of F4E’s project management infrastructure.”
Mattias Stenberg, Hexagon PPM president, said, “Hexagon PPM is proud to be chosen by F4E and we are certain that EcoSys will support improved forecasting, budgeting, and planning for all F4E´s projects.”
EcoSys is an easy-to-use web-based platform purpose-built to deliver a holistic, enterprise-wide perspective on improving the full life cycle of projects – from project portfolio management, to project controls, to contract management.
Hexagon PPM Technical User Forum (TUF) LinkedIn groups provide an online discussion forum for year-round networking between users. To learn more about EcoSys and network with other EcoSys users, visit hexagonppm.com/technical-user-forums.
About Fusion for Energy
Fusion for Energy (F4E) is the European Union’s organization for Europe’s contribution to ITER. One of the main tasks of F4E is to work together with European industry, SMEs and research organizations to develop and provide a wide range of high technology components together with engineering, maintenance and support services for the ITER project. F4E supports fusion R&D initiatives through the Broader Approach Agreement signed with Japan and prepares for the construction of demonstration fusion reactors (DEMO). F4E was created by a decision of the Council of the European Union as an independent legal entity and was established in April 2007 for a period of 35 years. Its offices are in Barcelona, Spain. For more information, visit http://fusionforenergy.europa.eu
ITER is a first-of-a-kind global collaboration. It will be the world’s largest experimental fusion facility and is designed to demonstrate the scientific and technological feasibility of fusion power. It is expected to produce a significant amount of fusion power (500 MW) for about seven minutes. Fusion is the process which powers the sun and the stars. When light atomic nuclei fuse together to form heavier ones, a large amount of energy is released. Fusion research is aimed at developing a safe, limitless and environmentally responsible energy source. Europe will contribute almost half of the costs of its construction, while the other six parties to this joint international venture (China, Japan, India, the Republic of Korea, the Russian Federation and the USA), will contribute equally to the rest. The site of the ITER project is in Cadarache, in the South of France. For more information, visit www.iter.org.
About Hexagon PPM
Hexagon PPM is the world’s leading provider of asset life cycle solutions for design, construction, and operation of industrial facilities. By transforming unstructured information into a smart digital asset, our clients are empowered to visualize, build, and manage structures and facilities of all complexities, ensuring safe and efficient operation throughout the entire life cycle.
PPM is part of Hexagon (Nasdaq Stockholm: HEXA B; hexagon.com), a leading global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes. For more information, visit http://hexagonppm.com.