ABB reduces costs and increases the value of capital projects with ABB Adaptive Execution™ products

Create Date: 2024-8-30 12:03:23|Source: ABB

ABB Adaptive Execution™ integrates a team of experts, new technologies, agile processes, shared learning, and proven methodologies into a single, streamlined project execution experience for all stakeholders involved in major capital investment projects.

In the energy sector, it is not uncommon for large capital projects to significantly exceed budgets and experience significant delays. ABB Adaptive Execution™ solves major inefficiencies that lead to cost and schedule overruns. It enables greater visibility at all levels of the project, resulting in significant project value gains across the energy sector. With digitalization and collaboration at its core, Adaptive Execution™ is expected to reduce automation-related capital expenditures by up to 40 percent, compress delivery schedules by up to 30 percent, and reduce start-up time by up to 40 percent.

Using virtualization, adaptive execution eliminates the need for field engineering and reduces the physical hardware required for control and automation systems. By separating hardware and software, Adaptive Execution™ reduces time and overall setup costs, reducing engineering hours spent on project installation, commissioning, and testing by 85%.

Peter Terwiesch, President of ABB Industrial Automation, said: "2020 was a turbulent year for the global energy industry. With falling oil prices, the challenges posed by the current lockdowns, and the growing demand for sustainable energy investments, companies are looking for new ways to reduce the cost, schedule, and risk of major projects in this low capex environment. Leveraging digital advancements, ABB Adaptive Execution™ responds to this demand and enables capital projects to thrive in the new normal. ”

Leveraging an efficient modular design, combined with standardized, repeatable processes and the sharing and effective deployment of infrastructure, tools and resources, ABB Adaptive Execution™ centralizes collaboration among all project stakeholders – from project inception to successful completion.

Brandon Spencer, President of ABB Energy Industries, commented: "Adaptive execution will change the way customers, EPC contractors and suppliers interact. We can create an environment where everyone can confidently do their job, enabling delivery teams to achieve more in less time, creating better business value for our customers. This is the key to the success of the entire project. ”

ABB will host a virtual customer event and press conference to commemorate the global launch of ABB Adaptive Execution™ on October 20 from 15:00 to 16.30 CET. Josh Linkner, tech entrepreneur, venture capitalist, and New York Times bestselling author · be a guest speaker at the event.

ABB reduces costs and increases the value of capital projects with ABB Adaptive Execution™ products

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