Ultradeepwater suitability matrix helps estimate value of lean processes

06/28/2004
LEAN ENERGY MANAGEMENT—6The realization of major cost and cycle-time savings in ultradeepwater projects requires the intersection of three major lean energy processes discussed in Parts 1-5 of this series:Subsurface uncertainty must be merged with lean engineering design and real options economic models to drive decisionmaking.The value proposition for conversion to lean energy management must be laid out, agreed to, and examples developed (from generic to specific) before such a major engineering transformation can occur in the offshore industry.The automotive, shipbuilding, aerospace and military industries are already experts in lean engineering and management. A common understan...
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