Day1Model introduces groundbreaking automation technology to transform decision-making in capital project management, helping leaders eliminate costly delays and stay on budget. Developed by senior project planning expert Travis Arlitt, this innovation offers unparalleled visibility for complex projects.
HOUSTON, Nov. 12, 2024 /PRNewswire-PRWeb/ -- Day1Model, a leader in project visibility and decision-making solutions, proudly introduces the world's first advanced automated project scenario-building technology, developed by senior project planning expert Travis Arlitt. With decades of expertise planning some of the world's largest oil and gas projects, Arlitt created Day1Model to revolutionize how mega-projects are visualized.
By leveraging cutting-edge automation, Day1Model delivers real-time visibility and dynamic scenario planning, empowering project leaders to eliminate delays, reduce costs, and make smarter decisions. The result? Projects are consistently delivered on schedule and on budget. With an average ROI of 1,000 times across multiple large-scale projects, Day1Model sets a new standard for project management efficiency.
Due to limited options, many project managers still rely on outdated tools like Primavera and Microsoft Project using CPM, and Excel—tools that are increasingly inadequate for today's fast-moving and complex environments. These static tools fail to adapt to unforeseen issues such as real-time production or weather delays, leaving project leaders scrambling to adjust plans well after the window to cost-effectively mitigate the issue has passed.
The statistics for project success are alarming. PwC surveyed 47 global mega-projects across sectors like railways, nuclear power, and oil and gas, finding that "76% exceeded budgets by more than 25%. The average cost overrun was 88%" resulting in billions of dollars in losses and wasted work hours. Deloitte supports this, noting that "65% of [capital] projects around the world fail with cost overruns exceeding 25% and execution time extending 50% or more beyond scheduled durations." Worse, only "54% of projects are completed on time and on budget." These failures underscore the limitations of traditional tools, which can't adapt to the real-world conditions that modern projects face.
The rapid advancement of technology is ushering in a new era of project decision-making visibility, with automation leading the charge. Automation has become essential, transforming project planning, monitoring, and execution with capabilities previously unimaginable. As Arlitt explains: "By embracing automation, project decision makers can future-proof their operations, enabling them to consistently deliver on time and on budget."
Day1Model's automated tools provide real-time predictive scenarios that help project leaders anticipate risks and make informed, proactive decisions, ensuring that even the most complex projects remain on track. Arlitt shares, "It's like watching your project unfold in slow motion, giving you complete visibility and control."
Travis Arlitt, the visionary behind Day1Model and dubbed the "Navy SEAL of Planners," developed this technology to deliver the clarity and control that traditional tools lack.
To learn more about how Day1Model's automation is shaping the future of project management, visit day1method.com or connect with Travis on LinkedIn: https://www.linkedin.com/in/travisarlitt/.
Media Contact
Shanon Cooper, Day1Model, 1 8325617098, [email protected], https://day1method.com/
SOURCE Day1Model
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