The document discusses the sinking of the largest offshore oil platform in March 2001. It quotes a Petrobras executive praising aggressive cost cutting measures on the project that eliminated quality assurance and inspections. These measures empowered suppliers and contractors to propose cheaper solutions. However, the platform ultimately sank into the Atlantic Ocean, showing the negative consequences of overly aggressive cost cutting at the expense of quality assurance.
11. the project successfully rejected the established constricting and negative influences of prescriptive engineering, onerous quality requirements, and outdated concepts of inspection and client control.
12. Elimination of these unnecessary straitjackets has empowered the project's suppliers and contractors to propose highly economical solutions,
13. with the win-win bonus of enhanced profitability margins for themselves.