Emerging industry trends


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The attached presentation was given to the CMAA Fellows and looks at emerging trends affecting the enginering and construction industry. Three top trends are identified and include: - Capital Efficiency - Capital Certainty - Schedule Certainty Other trends are categorized and outlined and encompass: - Labor & Safety - Equipment - Materials - Construction Means & Methods - Business & Contracting - Legal Issues & Frameworks - Risks - Technologies - New Ideas - Continuing Challenges

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Emerging industry trends

  1. 1. Emerging Industry Trends Presented By: Bob Prieto Advancing Professional Construction and Program Management Worldwide
  2. 2. Continuing Education Credit  A credit value is assigned to CMAA courses and seminars in units of Professional Development Hours (PDH), Learning Units (LU), and CCM Recertification Points. CMAA guarantees that course material meets the minimum requirements for a PDH, which is 60 minutes of instruction, or increments thereof.  CMAA is a registered provider of continuing education for the National Council of Examiners for Engineering and Surveying (NCEES). Certificates are available through the NCEES/ACEC Registered Continuing Education Program (RCEP) at www.rcep.net All transcripts are reported based on the email address provided to CMAA when you complete the online attendance form.  “CMAA has met the standards and requirements of the Registered Continuing Education Program. Credit earned on completing of this program will be reported to RCEP at rcep.net. A certificate of completion will be issued to each participant. As such, it doesn’t not include content that may be deemed or construed to be an approval or endorsement by the RCEP.”  CMAA is registered with the American Institute of Architects (AIA) as an approved CES provider of LUs. One educational contact hour equals one (1) LU. To receive LUs through CMAA, you must provide your AIA member number on all registration materials and attendance forms.  Not all sessions and activities offered may be acceptable for continuing education credit in your state. Please check your state licensing board’s requirements before submitting your credits.  All courses approved by CMAA count toward CCM recertification points. For more information on recertification points, please visit https://recerttrack.com/home.php?portal=24 Advancing Professional Construction and Program Management Worldwide
  3. 3. © 2013 Fluor Corporation. All Rights Reserved. Emerging Industry Trends Bob Prieto Senior Vice President CMAA Fellows Meeting
  4. 4. Learning Objectives  Understand Top Industry Trends  Understand emerging trends in detail Advancing Professional Construction and Program Management Worldwide
  5. 5. Top Trends  Capital Efficiency  Capital Certainty  Schedule Certainty
  6. 6. Capital Efficiency  CAPEX (CBOD; toolmaking)  Schedule (Fabrication)  OPEX (O&MBOD)  Plant Availability (Predictive Maintenance)  Inventories (Supply Chain Design)
  7. 7. 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
  8. 8. Schedule Certainty  Predictive analytics  RFI reduction  Fabrication (parallel construction)  Field communications/information (reduce waiting time)  Workface planning
  9. 9. Emerging Industry Trends In Detail  Labor & Safety  Equipment  Materials  Construction Means & Methods  Business & Contracting  Legal Issues & Frameworks  Risks  Technologies  New Ideas  Continuing Challenges
  10. 10. 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
  11. 11. 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
  12. 12. Materials  Concrete Pipe racks  Composites  Nano materials (nano cladding) and other advanced materials  Rise of Logistics  Photocatalysts
  13. 13. 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
  14. 14. 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
  15. 15. 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
  16. 16. 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)
  17. 17. 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
  18. 18. 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
  19. 19. 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
  20. 20. Questions? What did you think of this session? www.cmaanet.org/2014cps Bob.Prieto@Fluor.com Advancing Professional Construction and Program Management Worldwide