ABB Adaptive Execution™ integrates expert teams, new technologies, agile processes, shared learnings, and proven methodologies into a single, streamlined project execution experience for all stakeholders involved in large capital projects.
In the energy sector, it is not uncommon for large capital projects to significantly exceed budget and experience significant delays. ABB Adaptive Execution™ addresses the key inefficiencies that lead to cost and schedule overruns. It enables greater visibility across all layers of a project, unlocking significant project value improvements 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%, reduce lead times by up to 30%, and reduce commissioning hours by up to 40%.
Through virtualization, Adaptive Execution™ eliminates the need for on-site engineering and reduces the physical hardware required for a control and automation system. By decoupling hardware and software, Adaptive Execution™ reduces overall installation time and costs, reducing the number of engineering hours spent on project installation, commissioning, and testing by up to 85%.
Peter Terwiesch, president of ABB Industrial Automation, said: “2020 has been a year of disruption across the global energy industry. With falling oil prices, challenges induced by ongoing lockdowns, and increased demand for sustainable energy investments, companies are looking for new ways to reduce the cost, time, and risk of major projects in this low-capex environment. By leveraging advancements in digitalization, ABB Adaptive Execution™ responds to this need and enables capital projects to thrive in the new normal.”
