Modularization – Are You Experienced?
The demand for increased efficiency for projects in the heavy industrial sector continues to rise, compressing time-to-market expectations. At the same time, skilled craft labor has evaporated, and environmental regulations have become more stringent by applying sustainability guidelines. Industry leaders need to:
1) understand how to respond to these challenges
2) take advantage of the industry’s best implementation tools.
Foremost among the best available techniques is the concept of modularization. Although modularization is far from new or complicated, its implementation strategy is still is not well understood, properly planned, or effectively executed. To tackle these problems, CII RT-396 was challenged to address an essential research question: “When is the appropriate time for modularization planning, and how should a company develop a business case to support the modularization decision?” In response to this research question, the team provided the following solutions:
Standardized Modular Terminologies and Definitions
Modularization
Barriers amp
Barrier Breakers
Recommended Modularization Timing
Modularization Business Case Analysis Tool for Opportunity Framing
Modularization Business Case Analysis Tool for Assessment and Selection
ESG Modularization Assessment Tool
Used together with the research findings, the combination defines a successful modularization strategy and assessment process AND, if implemented early and followed specifically, provides a path to the best modularization strategy for the project, including a direct relation between modularization and ESG factors.