This presentation explores how WorleyParsons focuses on asset optimization through building and leveraging operational data environments and capturing business value from emergent technologies.
5. EPC’s have had a tough time recently, but the pause can allow
intractable challenges to be addressed
Key challenges to address during the ‘pause’:
Project cost growth
Productivity erosion
6. The time is now to address these key challenges; soon
commercial drivers will move from cost back to schedule
Source: BP 2017 Energy Outlook
Key challenges
we set
ourselves:
Significantly
move the
delivery cost
needle lower
Aggressively
digitise the
delivery
process
7. Better efficiency and outcome certainty in an increasingly
complex project environment
Moore and more:
Number of transistors in
a dense integrated
circuit doubles
approximately every two
years
How???
Simulation and Modeling for
Operational Efficiency
Design Automation and
Optimisation for Cost and Schedule
Design drives precision factory
Manufacturing and Assembly
First transistor Today: 5.6 Billion Transistors*
• Designed by software
• Design and manufacturing coordination
• 1,000s manufactured per hour
* Intel Xeon 18, Core Haswell-E
8. WorleyParsons got unexpectedly good results by applying this
philosophy on a mega-project
1. Advanced
materials
management
2. Simulation
and design
drives
assembly
9. Digitization payback was immediate
Results
Cable tray access
efficiency
630%
increase
Previous record 36,000m
14 week average 54,000m
New Record 93,000m
10. Key objectives for 2018 will be realized through CM and
supply chain implementations
Contractor
management
Materials
management
Harmonize with client systems
Reduce manual processes, move away from CAMS
Reduce cost:
Increase communication and knowledge flow with sub-
contractors (2-way cost reduction)
Save man-hours on process
Better interoperability
Electronic communications audit trail improves Claims
defense capabilities
Planning, not reacting culture
Better user productivity than SPM
Ability to create material scenarios for construction
Interoperability (particularly with Requis)
Integrate into client supply chain (e.g. Vantage track & trace)
11. ProCon will give us an opportunity to add depth and
professionalism to our stakeholder relationships
EARLY WARNING INDICATORS
CLAIMS
PAYMENT VERIFICATION
CONTRACT AUDITABILITY
CHANGE CONTROL
ONLINE TENDERING
OBLIGATIONS
CONTRACT MANAGEMENT CHALLENGES?
EFFECTIVE
CHANGE CONTROL
MITIGATE
CONTRACTOR CLAIMS
ENHANCED
FINANCIAL CONTROL
BEST PRACTICE
GOVERNANCE
IMPROVED
CONTRACT DELIVERY
Our aspirations:
Reduction in pre-award engineer hours: 10%
Reduction in contract admin hours post award: 20%
25% legal hours reduction during execution phase
0.5% TIC savings to asset developer
Transparency that builds trust
12. Managing change, planning the plan emulates capability that
has been proven successful in manufacturing
ERM’s Promise:
Materials management +
integrated construction
management module
4D visualization,
simulation
Impact visibility right
through to workpacks
Intuitive UI makes
adoption easier
Better interoperability &
data entry productivity
Strategic relationship
ERM’s Outcome:
Get specs out 30%
faster on a project
Replace reports with live
information
.NET UI – reduced
training time by 50%
1,500 users in 2018
33% savings to
construction schedule
(Fiatech) through
advanced work
packaging
13. ERM helps us liberate free cash at the end of the project