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...Adding value through standardization why jip matters where we are and re going change is needed the oil gas industry has a vast range of corporate standards they used to procure everything from pumps power plants only thing have in common that all different using them like ordering hand made suit takes longer produce you need allow for lot inspection testing extra costs but no evidence greater functionality or added this big impact on between exploration production projects exceeded budget by overran their schedule almost realising with key principles initiated iogp endorsed world economic forum joint programme creates standardized essential minimum specifications functional designs procedures documents can be reused leading processes smaller inventories shorter lead times users still some options choices don t make changes add supplementary requirements wide adoption means repeatability suppliers improved efficiency reduced risk cost overruns adds making supply chain faster more effic...