ABB to leverage digitalisation in project execution
In the energy sector, it is not uncommon for large capital projects to significantly exceed budget and experience extensive delays. ABB has announced that it has introduced a new, agile method for industrial project execution to help energy customers adapt to challenging market conditions. ABB Adaptive Execution is said to address 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. Based on digitalisation and collaboration, Adaptive Execution is expected to reduce automation-related capital expenditure by up to 40%, compress delivery schedules by up to 30% and reduce start-up hours by up to 40%.
ABB Adaptive Execution integrates expert teams, new technologies, agile processes, shared learnings and proven methodologies into a single, project execution experience for all stakeholders involved in major capital investment projects.
Using virtualisation, Adaptive Execution removes the need for engineering onsite and reduces the physical hardware required for a control and automation system. By decoupling hardware and software, it lowers the time and overall set-up costs, cutting the number of engineering hours spent on project installation, commissioning and testing by up to 85%, according to the company.
“2020 has been a year of disruptions across the global energy industry,” said Peter Terwiesch, President of ABB Industrial Automation. “With falling oil prices, challenges induced by the current lockdowns and the rising demand for sustainable energy investments, companies are looking for new ways to reduce cost, schedule and risk for major projects in this low capex environment.
“Harnessing advances in digitalisation, ABB Adaptive Execution responds to this need and enables capital projects to thrive in the new normal.”
Harnessing efficient modular design, combined with standardised, repeatable processes and shared and effective deployment of infrastructure, tools and resources, ABB Adaptive Execution centralises collaboration across all project stakeholders — from a project’s inception through to its successful completion.
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