The document discusses approaches to reduce costs and timelines for FPSO projects. It suggests moving away from overly prescriptive and optimized standards and designs towards more simplified, fit-for-purpose solutions. This includes standardizing equipment, leveraging contractor expertise, and focusing engineering efforts only on essential systems. A goal-setting rather than prescriptive requirements approach is proposed to provide flexibility while still ensuring safety. Adopting these changes could help lower costs and schedules while not compromising quality, by applying the right level of engineering and standards based on risk assessments. Implementing a roadmap involving equipment manufacturers, contractors and oil companies could help transition the industry towards these revised approaches.