Emerging Industry Trends

Presented By: Bob Prieto

Advancing Professional Construction and Program Management Worldwide

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Advancing Professional Construction and Program Management Worldwide

© 2013 Fluor Corporation. All Rights Reserved.

Emerging Industry Trends

Bob Prieto Senior Vice President CMAA Fellows Meeting

Learning Objectives

Understand Top Industry Trends Understand emerging trends in detail

Advancing Professional Construction and Program Management Worldwide

Top Trends

Capital Efficiency Capital Certainty Schedule Certainty

Capital Efficiency

CAPEX (CBOD; toolmaking) Schedule (Fabrication) OPEX (O&MBOD) Plant Availability (Predictive Maintenance) Inventories (Supply Chain Design)

Capital Certainty

Predictive Analytics Re-invigoration of quality Do right things right

More CPI focus Do, Assess, Learn, Improve

Contract Structures PPP, Self-Perform/Fabrication, Incentives, Supply

Chain

Schedule Certainty

Predictive analytics RFI reduction Fabrication (parallel construction) Field communications/information (reduce

waiting time) Workface planning

Emerging Industry Trends In Detail

Labor & Safety Equipment Materials Construction Means & Methods Business & Contracting Legal Issues & Frameworks Risks Technologies New Ideas Continuing Challenges

Labor & Safety Global Engineering Centers Project Labor Agreements Obamacare impacts Automation of knowledge work Bluetooth arrays Gulf Coast construction labor supply Gulf Coast construction labor skills and associated training needs Fab yard construction labor union jurisdiction Applicable fab yard safety standards (construction or manufacturing) Growing focus on safety risk and hazard elimination

Equipment

Internet of Things Asset management role brought forward Emergence of predictive versus preventative

maintenance Growing use of SPMTs Greater focus on heavy lifting methods Minimization of work at heights

Materials

Concrete Pipe racks Composites Nano materials (nano cladding) and other

advanced materials Rise of Logistics Photocatalysts

Construction Means & Methods

Increased fabrication and modularization Site interoperability Zero Lay Down Shift from environmental mitigation to

environmental enhancement Augmented workface planning Reduction in “loss of availability” periods Construction led programs

Business & Contracting Owner Readiness JV Readiness PPP Design Build (more

expansive use) PMC+ Increased risk transfer Extended Facility Lifetimes

(100 years +) Competition of Supply

Chains Trust Fund Outmoded

Performance based contracting

Industry consolidation Definition of a US firm Life cycle Project finance Industry consolidation/

globalization DBOM (creates effective

extended warranty) Growing balance sheet

requirements

Legal Issues & Frameworks

Performance based codes and standards Standard of Care Potential performance liabilities from smart structures Potential workmanship liabilities from higher

resolution NTE Good Samaritan risks Pervasive cameras Data retention & reuse Performance risks highlighted by laser scanning

Risks Growing IP risks (Hybrid Composite Beam (HCB)) Potential performance liabilities from smart structures Potential workmanship liabilities from higher resolution NTE Resiliency/ business continuity as a performance requirement BIM – unchartered territory Pervasive cameras Black Swans Management of dynamic risks (long duration; post event of scale) Growing software & App risks (V&V standards)

Technologies

Smart structures Higher resolution NTE Big Data and Analytics Life cycle BIM Robotics Unconventional energy

(market and use at site) Drones Google Glass 3D Printers

Cloud Laser scanning to

generate as-builts Mobile internet LED lighting Wireless charging Microgrid BYOD RFID everything

New Ideas

7D SM Optioneering Construction Basis of Design Semantic Analysis Aggressive IP Use Toolmaking Data enabled coveralls Self erecting structures Near autonomous vehicles/

construction equipment Welding of composite and

nano clads

Measuring complexity New metrics related to

use of fabrication (manhour density)

Flexible displays Virtual reality training Wearable sensors (aka

Nike Fuel) Software as a service

Continuing Challenges

Schedule Reduction Productivity Body of Knowledge Innovation mechanisms and barriers Reducing construction indirects Growth in NPI in process industries Industry safety vs Best of Class

Questions?

What did you think of this session? www.cmaanet.org/2014cps

Bob.Prieto@Fluor.com

Advancing Professional Construction and Program Management Worldwide