Fiatech is an international community
of passionate stakeholders working
together to lead global development
and adoption of innovative practices
and technologies to realize the highest business value throughout the life
cycle of capital assets.

Value Driven Approach to Productivity Advancement

Fiatech has aligned to more fully empower Owners in identifying and avoiding unnecessary capital project costs.

With that in mind, Fiatech subject matter experts developed Performance Advancement Targets (PATs), which if fully realized, can provide cost savings in excess of 24% and a reduction in cycle time of up to 10%.

Currently there are 12 PATs that span across all facets of the capital projects industry, industry segments and life cycles. They mark a dramatic shift in thinking, motivate holistic solutions, where activities are identified, prioritized and executed by subject matter experts, all working in concert with a single purpose, directly benefiting both the Owners and the industry. 

PATs graphic 3

There are five ways you can plug in to capture this value:

1-The background and tools for each Productivity Advancement Target are available at the dedicated PATs website at http://bit.ly/1oDDf5D

 
2-Fiatech members Dow Chemical, ExxonMobil, and Southern Company will be presenting cost models on the PATs at the Fiatech Technology Conference & Showcase on April 4- 6, 2016 in Austin Texas. For more on this opportunity, visit http://bit.ly/1K8Tq1s

 
3-For an invitation to the monthly online Voice of the Owner sessions focused on achieving each PAT, contact This email address is being protected from spambots. You need JavaScript enabled to view it..

4- Work groups are now forming for each of the 12 PATs. Contact This email address is being protected from spambots. You need JavaScript enabled to view it. for information on joining a group.

5-The PATs webinar “Value Driven Approach to Productivity Advancement” is available for viewing on the Fiatech YouTube Channel at https://youtu.be/IlACmzZ0wno