The next five years will commit more capital to data centers, energy and infrastructure than the industry has ever had to deliver at once. Gary Fischer of the Project Production Institute opened the Fourth Annual Technical Conference by setting the day’s research against that number.
Estimates reach $3 to $7 trillion for data centers, $17 to $19 trillion for energy, and $22 to $25 trillion for global infrastructure. Meeting expectations at that scale requires doing more with less, and Fischer argued that project production management makes reductions of 30 to 40 percent in cost and duration achievable. He reviewed PPI’s mission to increase the value engineering and construction provide to the economy and society globally, along with the research program that supports it, including collaborations with Stanford, Texas A&M and UC Berkeley on the theory, modeling and control of production systems. He noted the expanding role of artificial intelligence in that work and previewed the day’s agenda.
Gary Fischer is the Executive Director of the Project Production Institute (PPI) and Chair of the PPI Energy Working Group. He has over 40 years of experience in all aspects of capital project development and execution across downstream, chemicals and upstream in Chevron. As GM of Chevron’s Project Resources Company, he was responsible for Chevron’s ...