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VOLVO GROUP REAL ESTATE

Financial project monitoring

BACKGROUND

Volvo Group Real Estate manages the Volvo Group’s real estate and contributes to growth through collaboration and professional services in facility and workplace services. The company has approximately 350 employees in about 60 locations in 35 countries and manages 8 million square metres of facility surface. This means that numerous construction projects are in progress for new buildings, extensions, and renovations.

MISSION

Volvo Group Real Estate wanted a project management system for financial project monitoring. The system had to manage the entire process from idea to completion and provide a dynamic workflow, allowing people in different roles to access the project at different times. In addition to managing the finances, the system also had to manage investment schedules.

SWHAT WE DID

The system was built on Avector’s AV Core platform, which is based on a flexible register. A tree structure was created based on Division – Country – Site, where all projects were placed. The projects were updated with information, cost centre, schedule, and financial plan in order to provide direct monitoring based on supplier invoices and project progress. An administrator role was created to monitor investments on a larger scale and to handle verification of project implementation and applications for additional funds.

RESULTS

The project management system is in operation all over the world and is used by approximately 250 project managers in various construction projects. Volvo Group Real Estate has thus obtained a common platform that provides an overall picture of the progress of their construction projects, both at project level and central level.

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