Engineering
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Transcript of Engineering
Cost Reduction through Engineering
Engineering Impact:
CAPEX OPEX-Material usage - Maintenance-Fabrication costs - Life time extension-Transport & installation - Reliability
Engineering Budget (% of total project budget)-Oil & Gas 5-10%-Automotive 5-8%-Machine building 10-15%-Aerospace 15-20%-Offshore wind <1% ??
Solutions:-Early involvement of engineering-Allow enough time for engineering-Concept optimization-Invest (People, Tools, Methodologies,Standards & Codes)-Learn from experience. -Account for bigger engineering budget!
CAPEX & OPEX
Engineering€
Time
Issues:- Subsidies are going down- Low hanging fruits in wind are picked- Bankability becomes more difficult
Costs:- Are determined in engineering phase- Savings are also determined in engineering phase!