Case Study: Honeywell Building Solutions achieves $200M in cost savings with Cora Systems

Honeywell cuts cost overruns by $200M with Cora Systems

Honeywell Building Solutions, a global engineering and technology company, faced challenges in managing project performance, cash flow, and margins across its complex project portfolio. Their processes were reactive, often missing billing milestones and encountering costly surprises. To gain proactive control, they implemented the Cora PPM platform from Cora Systems as their central project management information system.

Cora Systems provided a single source of truth, linking billing milestones to project schedules and enabling structured data collection. This gave Honeywell predictive visibility, allowing teams to identify and mitigate risks to cash and cost up to six quarters in advance. The solution, implemented across tens of thousands of projects, delivered transformative results: a $500 million improvement in working capital, a $200 million reduction in cost overruns, and the identification of $250 million in previously undetected change orders.

Honeywell Building Solutions