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Realization Awarded Another Patent for its Multi Project Critical Chain Software
Monday, December 13, 2010
United States Patent and Trademark Office Grants Patent Recognizing Company’s Unique Approach to Managing Complex Projects
San Jose, CA -- Realization, a premium provider of enterprise project management services and software, announced today that the United States Patent and Trademark Office has awarded patent number 7,774,742 to the company for its breakthrough in managing complex projects. The breakthrough allows organizations to cut multitasking and maintain synchronization in large and complex projects, while allowing resources and tasks to be prioritized in detail.
“Traditional project management is about trying to execute to pre-set timelines and creating reports that determine the cause of delays after the fact,” said Sanjeev Gupta, CEO of Realization Technologies and a named inventor on the patent. “When unexpected events disrupt the timeline, traditional project management cannot keep work synchronized. This patent that Realization has been awarded protects our unique ability to solve the problem that traditional project management cannot untangle.”
This is the second patent that Realization was awarded this year. In March, the U.S.P.T.O. awarded patent No. 7,669,179 to Realization the company’s software and its unique ability to keep tasks synchronized across multiple departments and projects, even as uncertainties unfold in execution.
Realization helps organizations reengineer project management to focus on faster and predictable execution rather than planning and tracking. Using its patented critical chain technology, customers such as ABB, Boeing, and the U.S. Air Force take their projects to completion in the face of uncertainties, thus saving time and money. For operations that range from overhauling aircraft to engineering nuclear power plants, Realization’s solutions keeps execution synchronized and on track. In the last ten years, more than 200 clients have realized more than $2.5 billion in documented savings by completing more projects faster with limited resources. Realization is headquartered in San Jose, Calif., with additional offices in India, France and South Africa. For more information, visit www.realization.com.
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