"The Engineering & Construction industry's ability to continue to add value for our clients in the future will lie in the effective integration of the engineering, procurement, construction and operational phases of the projects we undertake. FIATECH is helping create that higher-value future for our E&C industry through its leadership in these integration efforts." ~Ralph R. Peterson, Chairman of the Board; Chief Executive Officer, CH2M HILL
FIATECH has maintained a leadership position among industry organizations focusing on capital intensive projects since July 2000.
Founded under the auspices of the University of Texas at Austin, FIATECH has made significant headway against its initial objectives as described in its founding charter; namely, to establish a comprehensive Capital Projects Technology Roadmap (Roadmap) that describes the operational context for a capital project, and to identify opportunities to apply technology that integrates and automates execution of capital projects more effectively.
Achieving FIATECH accomplishments to date has involved every industry segment participating in capital intensive projects from owner/operators, and engineering, procurement and construction (EPC) companies to architects, facility managers and university researchers. Technology and equipment manufacturers round out the complement of FIATECH members and project participants.
FIATECH is a consortium first and foremost. Members work together on projects to accomplish goals that otherwise they might not achieve individually. Organized around mutually-agreed priorities and points of need on the Roadmap, these projects accelerate the development and adoption of technologies that automate integration of the selected Roadmap elements.
All members share in the deliverables from each project. These deliverables include all forms of intellectual property (IP) ranging from technology forecasts, to XML schemas for data interchange, to field reports of on-site tests of the latest technologies.
The Roadmap provides the foundation for the overarching vision of FIATECH and significant effort has gone into describing Roadmap details within the nine strategic, element areas. The Roadmap, developed in early FIATECH projects, pointed the way forward with respect to refining FIATECH’s role in the industry, the value that FIATECH can bring to its members and what changes FIATECH needs to make to fulfill its emerging role.
Mission
FIATECH provides global leadership in identifying and accelerating the development, demonstration and deployment of fully integrated and automated technologies to deliver the highest business value throughout the life cycle of all types of capital projects.
In achieving this mission, FIATECH has developed a “Roadmap for Capital Projects” to ensure right technologies are developed and in the order that delivers the highest business value across all phases and processes of the capital project life cycle.
Vision
For cost conscious executives under pressure to select the best technologies to improve their bottom line, FIATECH is the capital projects industry-action group that makes the highest impact on delivering successful enterprise connectivity and work-site technology solutions, because our member-driven projects produce the most comprehensive collection of technology assets available from any industry organization. |
