Want to design better capital assets faster? Synchronize your engineering design processes & reuse designs.
Challenges and opportunities are everywhere in the asset-intensive energy, chemicals, and infrastructure industries. With an incredible $130 trillion of capital project investments expected by 2027 to decarbonize and renew infrastructure, businesses have a historic opportunity to transform how capital assets are designed, built, and managed.
At the same time, companies that design and develop these large capital assets and infrastructure must overcome significant hurdles. A leading challenge is their fragmented approach to engineering design, with disconnected people, processes, and data causing substantial supply chain value loss. This includes average cost overruns that approach $1.2 billion and project delays that can extend from six months to two years.
But what if you design better capital assets faster by synchronizing your engineering design processes and accelerating real-time collaboration? The good news is you can. Read on to discover the dramatic time-saving benefits of locating reusable designs and customizing those designs to meet your customer needs.
Overcome limitations in your power plant engineering and design process
Capital assets such as power plants are incredibly complex. To design and configure these assets, engineers must collaborate with suppliers, stakeholders, and designers across domains while integrating their development processes across IT systems. A lack of oversight at any stage can lead to design data loss, resulting in process inefficiencies, errors, and lost time fixing issues—leading to project delays and cost increases.
To overcome these issues, adopt mechanical product design software for your power plant engineering and design process. It brings multiple engineering domains and disciplines into a single integrated, collaborative environment while allowing your teams to manage multiple design configurations, options and variants that can be reused across projects. Furthermore, your engineers can preserve critical knowledge from the design phase through analysis and manufacturing processes while consistently applying best practices across product lines.
Use simulation software to optimize your capital project designs
Take advantage of advanced engineering simulation software to optimize your capital project designs for improved cost, performance, safety, and sustainability. Use generative designs that empower your engineers to experiment with new and innovative materials much faster than traditional design methods. Save additional time by automating processes for gathering and validating declarations from your external suppliers.
Join leading companies in saving time by reusing engineering designs
Engineering design teams are under pressure as demand grows for better capital assets produced in shorter timeframes. The time is now to empower your teams with our comprehensive portfolio of power plant design solutions that enable multidisciplinary design and reuse on a single platform.
Leading power plant providers like Analsdo Energia have reduced their engineering design cycle time by 10 to 15 percent using this approach, so the time is now to help your engineering design teams deliver. Discover more about our multidisciplinary design approach by reading our ebook.
