Continuum Advisory Group
Built Revolution (Ep. 39) | Should I Use a Custom or Standard Design?
Research Team UMM-01, Achieving Higher Levels of Standardized Facility Design in the Upstream, Midstream, and Mining Commodity MarketThe design of most upstream and midstream projects is customized to the project’s specific requirements. The widespread use of standard designs, while perhaps providing a less “optimal” solution, could result in significant cost and schedule savings that ultimately result in a better business case for the owner. This research will describe the fundamental trade-offs between custom and standard designs, criteria to be considered when making this decision, and the changes in the way we do business required to facilitate the widespread use of standard designs.Jennifer Shane, Associate Professor, Iowa State UniversityOscar Monagas, Senior Engineering Management Specialist, ConocoPhilipsMichael Kluck, Senior Project Manager, KBRYoung Hoon Kwak, Faculty, George Washington University School of Business
Duration: 25 min