Tuesday, November 17, 2009
Coreworx Announces First Interface Management Solution for Nuclear and Offshore Oil Mega Projects
Proven solution reduces risk and costs associated with contracting party interfaces which account for up to 20% of total installed project cost
Washington, DC and Orlando, FL (November 17, 2009) - Coreworx Inc., a subsidiary of Acorn Energy, Inc. (NASDAQ: ACFN), today announced the release of Coreworx Interface Management at the American Nuclear Society 2009 Winter Meeting and the Construction User Roundtable (CURT) National Conference. Coreworx is the leading provider of project execution and information control software used globally by energy industry leaders to manage major capital project execution risk.
Fluor Corporation worked with Coreworx to develop the next generation product to improve upon their existing proven software, IMpart and become an integrated part of the Fluor global project template.
"At Fluor, interface management is a core competency for successful management of mega projects. Fluor is working with Coreworx to significantly improve interface management software, known internally at Fluor as IMpart, which is currently used on major Fluor projects worldwide. To maintain our leadership in this area, it is critical that we have interface management." said Peter Moore, V.P. Project Execution Services, Fluor Corporation.
Effective interface management is recognized as a critical success factor in major capital projects that are typical in the offshore oil industry. The nuclear new build industry is now adopting these best practices that have evolved out of modular construction techniques as one more way to ensure on time and on budget delivery of the next generation nuclear reactors. These practices evolved as a direct result of mega projects involving many interdependent specialist contractors who are responsible for delivering major sub-systems. The development of an interface management program that includes early identification, definition, management and orderly close out of interfaces is considered best practices to mitigate interface-related project risks and ensure projects come in on time and on budget.
"Large modular construction projects, including deep water drilling and building nuclear power plants, can be faced with managing risk associated with thousands of multi-party interfaces. Coreworx Interface Management is an enterprise-class solution that equips interface managers with monitoring and control tools for early identification, prioritization, and quick resolution of interface issues. We're very excited to work with Fluor to incorporate lessons learned from their successful deployment of our interface management solution," said Ray Simonson, CEO of Coreworx.
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About Fluor Corporation