Join us for a fantastic morning at IDA in Copenhagen. Click here to sign up (for free)!
An event about future proofing our most important green transition journeys and minimizing investment risk. The event is co-organized by DTU, Implement and IDA Risk.
See the link above for the latest version of the program.
he event will showcase a new method for future proofing our important projects within maritime, infrastructure, construction and manufacturing. The speakers will share insights about adaptability and there will be an engaging panel discussion where participants can ask their burning questions.
Why Adaptability matters
Acceleration of the green transition as we can start building systems now that can accommodate game-changing technologies if and when they are available.
Pursue high risk, high reward technologies as adaptive systems will deliver a ‘good enough’ performance even if those technologies fail or are delayed.
Minimize the cost of pursuing parallel business and technology solutions as adaptive systems are designed to accommodate each solution without expensive redesign.
Minimize business risk as adaptive systems are designed to scale and contract at minimum cost, and are also designed to integrate new technologies over their life cycles.
Limit plausible worst-case scenarios by creating backup options or other choices that can be exercised if and when required.
Agenda
08.30-09.00: Breakfast
09.00-09.30 Welcome and introduction to the research project ‘Design for adaptability’ // DTU - Implement
09.30-10.00 De-risking the green transition // Mærsk McKinney Møller Center for Zero Carbon Shipping
10.00-10.30 Creating a flexible factory // Haldor Topsøe
10.30-11.00 Designing for adaptability // TBA
11.00-11.30 Panel discussion / Q&A
Background
Over the last two years, Implement and DTU worked with multiple organizations to study how they Design for Adaptability, how it accelerated their green transition, and how it mitigated critical financial risks.
The green transition requires significant investment in capital-intensive infrastructure, while also facing significant technical, market and supply chain uncertainty. How can we reconcile the need to push forward aggressively with the realities of avoiding critical financial risks?
Adaptability enables organizations to take on more uncertainty, without taking on more risk.
Designing complex engineering systems to be flexible and adaptable throughout their lifecycle has significant advantages: It lowers up-front investment – and therefore worst-case financial risks – as we only need to build what is needed right now. Adaptability gives you the option to accommodate changes and can be the best insurance you will ever buy. The ability to adapt allows us to participate in upside opportunities as demand increases. And it enables us to support emerging risky technologies, without having to depend on them.
Organizer: IDA Risk - IDA, Engineering Society