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SESSION 1. Today’s Vision – Tomorrow’s Reality?. Session Presenter. Bill Hall Managing Director, Mega Projects WorleyParsons. Agenda. Many challenges today Commodity pricing – fundamental shifts Equipment and labor costs Project execution impacts Strategies to meet the challenges.
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SESSION 1 Today’s Vision – Tomorrow’s Reality? Session Presenter Bill HallManaging Director, Mega ProjectsWorleyParsons
Agenda • Many challenges today • Commodity pricing – fundamental shifts • Equipment and labor costs • Project execution impacts • Strategies to meet the challenges
Significant Challenges: Today and Tomorrow • Annual Engineering Graduates in 2006 • USA 60,000 • China 200,000 • Average USA “Professional Workforce” Age in ECC industries • Over 50 years old • And many more issues But even more critical: What is happening in overseas markets?
14Mta Global Metals Outlook
Steel Prices to Surge “There is a strong view within the Chinese industry that miners will achieve the 85 percent increase, exceeding a 65 percent rise already agreed with a key Brazilian miner.” The Australian Financial Review April 2008
Labor Costs Rise 1990-2000: 3% YOY increase 2000-2008: 4% YOY increase
Strategies • HSE performance • Workshare • Accepting increased responsibility • Partnering • Early engagement • New technologies
Strategies • HSE performance
Strategies • HSE performance • Workshare
Strategies • HSE performance • Workshare • Accepting increased responsibility
Strategies • HSE performance • Workshare • Accepting increased responsibility • Partnering
Strategies • HSE performance • Workshare • Accepting increased responsibility • Partnering • Early engagement
Strategies • HSE performance • Workshare • Accepting increased responsibility • Partnering • Early engagement • New technologies