Having spent a number of years both in operating companies and engineering & construction companies, I again revert to the basic theme that the owner's interests should drive design decisions. These interests are best served when their contractors use the most appropriate and reliable engineering methods that are based on proven and reliable advances in the state-of-the-art.
Many industry standards documents are often simplistic, having been developed many years ago - sometimes even before decent PC-based computing tools became commonplace. Today, most large-scale projects require a very high degree of automation to enable numerous software products to communicate effectively with each other. This need is especially vexatious when confronting the lack of CAPE-OPEN compliance on the part of the software vendors. However, failure - or worse refusal - to enable options to handle the latest advances in the name of "productivity" does the client community a grave disservice, in my opinion, and opens the door to serious challenges in case something goes wrong.
At the very least, improving the technology assessement process and making ongoing enhancements should be a primary concern everywhere. I recall working in this area, as part of a large technology department, for a large E&C over 25 years ago. Alas, such groups are now mostly disbanded and many slipshod practices have re-emerged in basic areas like distillation, heat transfer, and process safety engineering.
In my assessment, the ability of the E&Cs to reduce the extent of over-design, and thus improve their competitive position significantly, has resulted from large advances in the automation of the design process and the incorporation of better tools and methods.
Also, in the majority of the reputable E&C companies, the management has generally been quite progressive when engineering staff have requested permission to upgrade existing methods. However, the onus remains on the specialists to alert their management as the situation evolves and to be aggressive in pointing out the technological and legal risk of not keeping abreast.
While we may be drifting from the rather narrow scope of the original question, I still think this issue must continue to receive attention.