Research and Implementation plan for `Limit pipeline concurrency using named semaphores`

In order to prepare for the work to be done in #15536 (closed) it will be necessary to research how it can be built and create an implementation plan based on those findings.

The expected outcome from this issue is a detailed plan for how #15536 (closed) will be built. This could take the form of a checklist of items, or it could be broken down into separate issues.

Please use the parent issue to capture all discussions and research #15536 (closed)