3 questions for Sanjeev Gupta
The Fleming. team sits down with Sanjeev Gupta, CEO of Realization, to discuss main advantages of software developed by Realization and its importance for the mining industry professionals. .
- Sanjeev Gupta
- Founder and CEO
- Realization, United States
Sanjeev, I see that Realization has an impressive client list with customers like BHP Billiton and Votorantim. Can you briefly tell us what does Realization do?
We help companies execute large and complex projects faster and more efficiently. Typically, using our solution, projects can be completed at least 20% faster. As you know, in projects, time is money. Faster projects mean faster realization of revenues and lower costs.
Why is your solution important for the mining industry?
In mining, projects are all around. Whether it is developing a new mine, upgrading and expanding existing mines or even operating a mine, it is all done through projects. Not to mention, equipment maintenance and repair. And if you look at the track record, most of these projects are late and over budget, over and over again. The business impact for a 500 million dollar project can be an additional 50 to 100 million dollars in project costs and 20 to 30 million dollars in foregone profits from lost revenues.
There are so many other project management software out there. What is the problem you solve that other software does not?
Yes, and that is unfortunate. Even after spending hundreds of millions of dollars on project management software like Primavera and MS Project, projects don't get done on time. The reason is that these software produce plans that are useless in execution; they are too complex and cannot keep pace with the changes that happen in project. It's like driving with paper maps. They waste time and effort, and still don't get you to the finish line on time.
Our software is like GPS for projects. As delays and changes happen, it tells you what to work on, and where to expect bottlenecks downstream so that you can proactively remove them. Result: faster and on time project completion. organizations.
F: Thank you Sanjeev for your insights and we wish you and Realization good luck.