We have all heard the old adage where you have three options; pick two. In our industry, those options usually boil down to cost, schedule and quality. Our clients are often expected to select any two and thereby sacrifice the third.
Owners who experience project failures and budget overruns are often forced to cut or modify scope to salvage their budgets. According to KPMG International’s 2015 Global Construction Project Owner’s Survey, “Climbing the curve,” 53 percent of owners suffered one or more underperforming projects in the previous year, and only 31 percent of all respondents’ projects came within 10 percent of the budget in the past three years.
Two years ago, I was introduced to my first IoT experience: A power sensing and analytics technology called Panoramic Power. This product is unique as it allows metering of amperage and power factor via clip-on current transformers that self-power and transmit data via Bluetooth.
A process model can be anything from a simple excel spreadsheet to a complex model that includes all aspects of a real-world manufacturing plant. However, the best model does not include everything. It only includes what is necessary to answer questions.
As clients’ budgets are getting tighter, every penny spent is scrutinized. Both capital and long-term operational costs are evaluated for optimal cost savings. Over the past decade, 3-phase, low-voltage, dry-type transformer efficiency has become a hot topic for owners and specifying engineers seeking to save money on the long-term operational costs within a facility.
How to incorporate a new process into an existing facility is a basic question that begins every project. The client usually has a preconceived idea of where a new process will go and how much space is available, but if we stop here and do what we are told, preconceived notions may drive us to a point where we find that project needs haven’t been met.