Description
The alarming trend of schedule and cost overruns in conjunction with unprecedented market forces has led to a demand for innovation. Among these results, there has been tremendous progress in the elimination, through automation, of the 4.2% of total capital expenditure that—according to NIST GCR 04-867, National Institute of Standards and Technology U.S. Department of Commerce Technology Administration—is the result of poor project handover. With the Forge platform, as much as 40% of engineering time can be eliminated by enabling rapid access to current project information for engineers, vendors, fabricators, and other stakeholders. Forge software has also enabled digital workflows for lists, reports, logs, scheduling, requests for information, and construction planning during the engineering and design phase, which has, in turn, led to automated construction work packages. You’ll hear about these amazing developments in this lecture.
Key Learnings
- Learn about the 4.2% total capital expenditure reduction through automated project handover
- Learn about the 40% reduction in engineering labor hours gained through rapid access to current protect data using Forge
- Discover digital workflows powered by Forge solutions for lists, reports, logs, scheduling, requests for information, and construction planning during the engineering and design phase
- Learn about automated construction work packages