Success Path
Everything you need to implement Industrial IoT in your manufacturing plants

Finalize your Project Plan

Compile the work you’ve done to create your Industrial IoT strategy into one project plan.

Gather detailed costs

With your IIoT initiative planning nearly complete, it’s time to compile a final list of project costs.

Tally up the final costs of:

  • Equipment, such as hardware, software, and networking
  • Internal and external resources required
  • Any potential financial impact this project could have on your operations due to outages, shortages, etc.

PTC recommends including a 10-15% contingency on your final budget to support unplanned costs that arise during the project.

Document final project plan

Your project plan should provide a detailed view of everything you need to do to complete your initial IIoT project. This plan should include specific tasks, the people responsible for these tasks, and when each task needs to be completed. Use the documented strategies you’ve created throughout your IIoT planning as your starting point. No task is too small here: include everything from development and launch tasks to training and communication plans. You should also include important project milestones you can report back on to your stakeholders.

Get approval on final budget and project plan

Take your detailed costs and final project plan back to your executive stakeholders for final review and approval.

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