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Comment IIOT Oil & Gas

Integrated, virtualized capital-project execution lowers costs

By Mary Page Bailey |

Adaptive Execution is a new platform that integrates expert teams, new technologies, agile processes, shared learnings and proven methodologies into a single, streamlined project-execution experience for all stakeholders involved in major capital investment projects. It is not uncommon for large capital projects to significantly exceed budget and experience extensive delays. Adaptive Execution addresses major inefficiencies that result in cost and schedule overruns. It enables greater visibility across all layers of a project, unlocking significant project value improvements across the energy sector. With digitalization and collaboration at its core, Adaptive Execution is expected to significantly reduce automation-related capital expenditure and compress delivery schedules and startup hours by as much as 40%, says the company. Using virtualization, Adaptive Execution removes the need for engineering onsite and reduces the physical hardware required for a control and automation systems. By decoupling hardware and software, Adaptive Execution lowers the time and overall setup costs, considerably cutting the number of engineering hours spent on project installation, commissioning and testing. Harnessing efficient modular design, combined with standardized, repeatable processes and shared and effective deployment of infrastructure, tools, and resources,  Adaptive Execution centralizes collaboration across all project stakeholders — from a project’s inception through to its successful completion. — ABB Ltd., Zurich, Switzerland

www.abb.com

ABB Adaptive Execution

ABB

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