Modularity and the series effect are key success factors for large industrial projects. They improve performance, reliability, reducing the likelihood of dramatic failures. This concept is discussed in the book ‘How Big Things Get Done’ by Bent Flyvbjerg and Dan Gardner. It is leading to significant business model transformations in some industries. In our new White Paper 2024-05 ‘Benefits and Limitations of Project Modularity – Towards a Trend of Facilities Built of Smaller Components produced in Series‘, we explore the advantages, drawbacks and limitations of this approach.
We believe that it is a definite trend that industrial facilities will be designed to be increasingly modular, which has the benefit of avoiding excessive process scalability concerns. When possible, the combination of modularisation and standardisation can be a major driver of project performance and project delivery reliability.
However, this approach is not always applicable or cost-effective and also comes with drawbacks that need to be carefully considered in view of the circumstances of the project. Furthermore, the multiplicative nature of series projects can create significant variances in case of poor estimating of time and cost for the individual item.
Modularisation and standardisation are a trend that requires higher level of reliability and quality of the project management processes, and greater maturity of the organisation, in all aspects of project management and industrialisation. This needs to be taken seriously upfront to be successful in these modern industrial approaches.
In our new White Paper 2024-05 ‘Benefits and Limitations of Project Modularity – Towards a Trend of Facilities Built of Smaller Components produced in Series‘, we explore in detail what are the key drivers and success factors leading to improved performance through modularisation and series effect.
If you can’t access the link to the white paper, copy and paste the following link in your browser: https://www.projectvaluedelivery.com/_library/2024-05_project_modularity_v0.pdf
