WorleyParsons Improve utilises EcoNomics™ to identify and deliver more sustainable projects, helping our customers manage the risk and respond to their rapidly changing business environment
EcoNomics™ is WorleyParsons major service offering for customers who are concerned about improving the overall sustainability and long term profitability of their projects and operations, fully embedding environmental, social and financial sustainability in the identification, selection and delivery of projects.
Project identification and selection integrates WorleyParsons’ EcoNomics™ Assessment methodology, including our suite of proprietary assessment tools as well as our global network of leading engineering and technology capabilities. What is unique about this approach is the ability to monetize the value of all internal (project), external (environmental and social) and risk factors allowing projects to be compared on a like for like dollar value basis. In addition, the external issues which can now be included in this detailed economic model include climate change and greenhouse gas emissions (ie price of carbon), water resource use and protection, loss of ecological diversity, social amenity and growth and a whole range of other common resources.
Following project selection, WorleyParsons is able to deliver practical engineering solutions by embedding sustainability in every part of the delivery process, from risk management, value improvement, through design and into construction management and operation & maintenance. This is done with the support of our wide range of world class specialist technical capabilities which can be brought to bear on any project. The process is embedded in WorleyParsons project management systems, and projects are delivered by an integrated project team which is empowered through the identification of sustainability targets for a project.
As it relates to Improve projects, EcoNomics™ enables our customers to enhance their business position through the identification of new improvement projects and through ensuring that all projects are structured to provide the best whole of business outcomes. Tangible business benefits include risk and liability reduction, improved environmental compliance outcomes, and enhanced ability to continue to operate and expand.