How Aurigo's Single-Platform Approach to Capital Program Management will Ensure America's Infrastructure Plans Succeed

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

The Senate just passed a $1 trillion bill to revitalize the foundations of American infrastructure. For taxpayer-funded projects, it’s essential that capital project owners cultivate transparency and accountability—especially considering that these programs and projects cost taxpayers millions of dollars to build and maintain.

The challenge for the government is that without the right digital tools, capital management - the planning, building and operating of capital programs - is a cumbersome process. Even in today’s digital world, the majority of capital programs are typically paper-driven, or managed with inefficient, homegrown spreadsheets beset with siloed data between government departments. These antiquated systems simply don’t function or have the sophistication or capacity needed for the high-complexity of multi-million, multi-year, multi-project, multi-stakeholder groups that comprise today’s modern capital programs. 

Aurigo Software makes capital program delivery a cohesive, transparent process with Aurigo Masterworks 2021, a cloud-based, enterprise-level platform that streamlines the planning, building, and operating of large-scale infrastructure projects, such as U.S. roads, bridges, utilities, and government buildings. The software allows stakeholders to operate from a single platform and source of truth across the entire capital lifecycle.

Digitalization Helps the Government Direct Funds to the Right Projects

With the $1 trillion infrastructure plan, it’s essential that the U.S. government has the best tools to manage such a massive amount of funding. Digitalization is key because project stakeholders must maximize efficiency from the start. 

Digitalization is especially critical in the capital planning phase. Aurigo Masterworks 2021 ensures that we are bringing scientific methodology to score and prioritize capital programs to designate the funds on the right projects. This way, data-driven decisions help capital infrastructure project managers make the best use of time and funding to complete the projects that will have the greatest impact. Aurigo Masterworks 2021 scores and prioritizes capital projects and uses AI to gauge public feedback. From this data, the platform lays out infrastructure goals for the next 5-6 years making it clear what taxpayers are spending their money on. Smart capital program management software will help identify infrastructure deficiencies, score and prioritize projects, analyze public feedback, and build out-year cash forecasts.

Efficiency in Capital Planning Promotes Transparency and Economic Growth

The average capital construction project runs 20 months behind schedule and 80% over budget. Aurigo’s customers save an average of 5% on their budget when using the platform to manage a capital project. If you apply that average to the money set aside for infrastructure in this new bill, Aurigo could help save Americans around $50 billion. 

Transparency is an essential priority not only because capital projects are funded by the public through taxpayers, but also because it helps capital owners to identify problems and errors and resolve them quickly and efficiently. With this layer of accountability, stakeholders can track and report project progress and intervene before projects hit an obstacle that results in a delay or even halting the project for years.

Capital project managers owe it to American citizens to make the best use of this $1 trillion investment in infrastructure. The economic impact of these assets is exponential. Capital infrastructure affects the world of business because people rely on roads and bridges to commute to their jobs. Business people rely on public buildings to conduct trade. And community members cannot access the resources they need without the supporting infrastructure. When projects are completed ahead of time and within budget, American commerce moves forward at a faster rate and the economy thrives. We need technology-forward systems to help us invest in the right infrastructure projects and manage them efficiently. We cannot build tomorrow’s infrastructure with yesterday’s technology.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.