There is constant, intensive change in the capital engineering industries in both project execution and asset lifecycle management. New challenges and opportunities are continually appearing thanks to dramatic developments in technology, uncertainty in global markets and the reduction in accessible energy and raw materials.
Added to these challenges are the issues that the lack of collaboration between engineering, procurement and construction companies (EPCs) and owner operators (OOs) causes. The adversarial nature of contractual relationships between EPCs and OOs is a major obstacle to collaboration. For example, in the CAPEX phase of the project, uncaptured communications and decisions about changes can have a huge impact on a project.
Operators and contractors need effective communications and decision making if they are to achieve predictable outcomes for the project and to be able to feed back valuable lessons from operations into the next project.
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