Survey of Leading Organizations Validated by Real-Life Customer Data Reveals Execution Management Benefits: Improvements in Productivity, Employee Morale and CultureSAN JOSE, Calif.—(BUSINESS WIRE)—Sept. 20, 2006— More than 100 managers in a wide range of project organizations believe in the value of execution management to help achieve a broad spectrum of positive results, according to a survey released Friday, Sept. 15, at Realization's 2006 Customer Conference held in Chicago. Execution management provides clear task priorities and manages uncertainties that can delay and even derail the timely completion of projects, including product development, engineering and construction, and facility and equipment maintenance and overhaul.
Conducted by Realization Technologies, an execution management systems provider with more than 180 customers worldwide, the September 2006 survey found that a substantial percentage of respondents believe that their organizations are benefiting from execution management. In addition, the majority indicated that execution management is of equal or greater importance than analysis and planning within their organizations when it comes to delivering positive, bottom-line results. The survey targeted organizational managers across a range of industries, company sizes and project requirements. Findings include:
-- Seventy-eight percent of respondents indicated that their organizations had developed a culture where execution occupies equal or greater importance than planning and analysis
-- Sixty-eight percent of respondents saw an improvement in time savings/thru-put of more than 10 percent
-- Fifty-two percent of respondents' organizations realized cost savings in excess of 10 percent per project
Realization Execution Management Survey Page
-- Sixty-one percent of respondents believed that execution management had improved overall employee moral
-- Seventy-seven percent of respondents experienced positive cultural change
-- Eighty-three percent of respondents believed that if execution management systems were applied across their entire organization, cost savings would exceed 10 percent
-- Eighty-three percent of respondents believed that the application of an execution management system made their organizations more competitive
Validating the survey findings, several customers at the 2006 Customer Conference provided examples of the range of benefits possible by implementing Realization's execution management system:
"Warner Robins has dramatically improved the efficiency of our C-5 aircraft maintenance repair and overhaul program," said Bill Best, Deputy Director of Warner Robins Air Logistics Center, United States Air Force. "We decreased the number of C-5s in the repair cycle at any point in time from 12 to seven. By putting five planes back into operation, we've generated additional cargo hauling revenue for our customers of at least $49 million per year. We couldn't be happier with the results, and expect to see continued improvements in the future throughout other aircraft production lines."
"Our work with Realization has been a tremendous catalyst for positive change throughout all aspects of our business," said Benge Scott, CEO of Valley Cabinet Works. "In just one year after implementing the system, revenue increased by 88 percent, and we are on track to increase the number of projects we're able to complete in 2006 by more than 50 percent over 2005. The results to date have been phenomenal, and have met or exceeded our expectations."
"We admire our customers for tackling the tough problem of project execution, and achieving impressive, measurable results," said Sanjeev Gupta, president and CEO of Realization Technologies. "Most organizations have difficulty executing projects on time and on budget, which is one of the most significant issues facing today's competitive global organizations. They tend to focus their management energies on creating elaborate plans, but fail to execute those plans in the face of uncertainties. To be successful, organizations must change the rules by which project uncertainties are managed, and execution management can help all types of organizations meet this challenge."
Additional survey findings revealed that the ability to meet deadlines was most often selected (64 percent) as a key benefit of execution management by survey respondents. Additional benefits reported by respondents included: shortened project duration (62 percent), ability to take on more projects (52 percent), decreased staffing requirements (39 percent), and less overtime (39 percent).
Realization's Customer Conference, which concluded Friday, Sept. 15, featured a keynote address by Dr. Eliyahu M. Goldratt, inventor of the Theory of Constraints (TOC) and author of "The Goal" and many other books on business and supply chain management.
Execution Management System
Realization offers the first successful management system for efficient and reliable execution of projects. Based on the proven principles of Critical Chain, it has helped a growing number of organizations increase sales and profits. It works by providing clear task priorities and early warning signals across departments and to all levels of management.
Recipient of the prestigious 2006 Franz Edelman award for its work with Warner Robins Air Logistics Center, the company has helped organizations increase speed and efficiency in new product development, engineer-to-order manufacturing, construction, maintenance, repair and overhaul, and other project based operations. Founded in 1999, Realization has over 180 customers in a wide range of industries and regions around the world. The company is headquartered in San Jose, California. To learn more, please visit www.realization.com.
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