Case Study: Fluor Corporation achieves standardized, faster, and more accurate global oil & gas cost estimates with Palisade's @RISK

Fluor Corporation - Customer Case Study

Fluor Corporation, the multinational engineering, construction and project management firm, faced the challenge of producing reliable cost estimates for refinery projects (ranging from hundreds of millions to $1.5 billion) while dealing with inconsistent tools across offices and large uncertainty in inputs. To address this, Fluor adopted Palisade and its @RISK software to standardize estimating practices and improve handling of risk and variability.

Palisade implemented @RISK with tailored corporate licensing and training, enabling Fluor to standardize estimators’ tools, speed model building, and create a generic checklist-based model for consistent estimates. As a result, Fluor achieved greater efficiency, deeper statistical insight, broader usage across the organization, and improved accuracy—models now typically leave room for only +10% / -5% error.

Fluor Corporation

Waymon Lofton

Fluor Corporation