Emerson Launches The Project Certainty Approach

  Enquire / contact me

Emerson’s Project Certainty technology provides a path to better performance by reducing complexity, eliminating work, and accommodating late changes

Emerson Launches The Project Certainty Approach
Emerson Launches The Project Certainty Approach

Addressing a growing industry demand for transformational improvements in capital project execution, Emerson has launched Project Certainty, an innovative technology and engineering-based approach for improved capital efficiency and more reliable project schedules.

Due to project excesses, billions of dollars are lost annually in oil and gas exploration and production, hydrocarbon and gas processing, chemical, pharmaceutical, and other process industries. According to industry data, over 65 percent of projects greater than $1 billion fail, with companies exceeding their budgets by more than 25 percent or missing schedules by more than 50 percent. Routinely, they also face operational problems continuing through the second year of operations. This consistently poor project performance can be a serious deterrent to process manufacturers considering new investments.

“The industry has reached a tipping point in which projects are not sustainable with current budget and schedule excesses,” said Jim Nyquist, president of Emerson Process Management’s Systems and Solution business (NYSE: EMR).  “In order to achieve game-changing performance in projects, it will take a truly transformative and comprehensive approach like Project Certainty.”

Emerson’s Project Certainty begins with early engagement during engineering and design studies to define project goals and high impact strategies to meet those goals. Despite traditionally accounting for approximately 4 percent of a project investment, automation is revealing unique and repeatable ways to eliminate cost, reduce complexity and accommodate late-stage project changes, beyond the automation discipline.

For example, Project Certainty relies on the right design engineering strategy to eliminate centralised control system room requirements by 70 to 80 percent, and can eliminate piping in some applications up to 50 to 60 percent. Additionally, tens of millions of dollars in capital spare parts can be eliminated through project-wide equipment reliability analysis.

“Project Certainty also tackles complexity by decoupling the dependencies suppliers have on each other, eliminating bottlenecks and allowing concurrent work streams,” said Nyquist.  “Likewise, we are addressing the complexity of data and documentation with innovative technologies that provide features like a single source of project data as well as automated documentation.”

Addressing one of the greatest project vulnerabilities, Project Certainty significantly improves project schedule performance. Revolutionary technologies like Electronic Marshalling with CHARMs, and pervasive wireless field instrumentation are helping project teams accommodate inevitable last-minute design changes without impacting schedule.

“The path to Top Quartile project performance is right in front of us,” said Nyquist.  “The technologies and proven methodologies are here. It will take collaboration and commitment to eliminate outdated project approaches and drive change into the industry.”

Posted on May 26, 2016 - (252 views)
Related articles
TSN STANDARD ANNOUNCED FOR CC-LINK IE
1500 Bar High-Pressure Hand Pump
Hygienic Sealing for Food and Beverage Industries
Engineering contractor opens regional headquarters in Abu Dhabi to expand presence
Plastic Temperature Probe
Magnetic Flow Meters with NAMUR Certification
Plug&Play Industrial IoT kit to Monitor Machine Conditions
AMA Innovation Award 2019: Submit Your Projects Now
Protecting Pumps in Hazardous Areas Easily and Reliably Against dry Running
Proportional Valves With Digital Communications Interface
Automating Functions. Simplifying Operations. Modernizing Protection.
Intrinsically Safe Gas Imaging Camera FLIR GFx320
Innovate, Develop, Build
Innovate, Develop, Build
HANNAY Works Here: Reels for Food and Beverage
Adipec 2018: 12 - 15 November 2018
Keep Your Machines Running! Permanently
On-line Turbidity Measurement
DonadonSSD: The Italian Manufacturer of Rupture Discs Ensures Maximum Safety Against Overpressure
EI: Intrinsically Safe Pressure Transmitter
Magnetic Flow Meters with NAMUR Certification
Super High Response Speed Servo Valve
Safe Pressure Transmitter
Magnetostrictive Linear Displacement Transducer
EE310 RH/T Transmitter
In-Situ Calibration Verification System
Piezoresistive Pressure Transmitters
Pneumatic Stoppers
Leak Detection Technology Prevents Power Outages
Calibration Instrument LS3300
Reliable Flow Measurement
Digitalization will be the Number 1 Trend at ADIPEC 2018
Detecting Fluorinated Greenhouse Gas Emissions
Efficient Supply and Transport of Goods
Vial and Bottle Labeller
Spiral Retaining Ring
Safe Detection of Carbon Monoxide Leaks
Portable Area Lighting System 9455Z0 RALS
Pneumatic Stoppers
Fire and Gas Damper