The key issue is the lack of effective integration between the maintenance and capital teams, who must work together seamlessly to execute a successful event.
Bethesda, Maryland (PRWEB) October 16, 2014
This year, Asset Performance Networks (AP-Networks) will perform a record number of Integrated Turnaround and Project Reviews (iT-AP). This news comes after the company secured the record setting iT-AP purchase order earlier this month. The iT-AP service is an extension of AP-Networks' well-known Turnaround Assist Program (T-AP). While the T-AP focuses on optimizing turnaround readiness and team alignment, the iT-AP extends and adapts this methodology for turnarounds executed with a significant amount of capital project work.
Over the last decade, the amount of capital scope within turnarounds has increased from an average of 5 percent to more than 15 percent. “This is an important statistic, because AP-Networks turnaround data shows that increasing levels of capital are associated with greater probability of cost and schedule overruns,” said Dan Morlang, VP of Capital Project Consulting for AP-Networks. “The key issue is the lack of effective integration between the maintenance and capital teams, who must work together seamlessly to execute a successful event.”
Reflecting this trend towards increased capital scope, AP-Networks will perform more than 30 iT-APs this year, the highest annual number observed by the company since the iT-AP service was first introduced. 2014 iT-AP clients include Agrium, BP, Flint Hills Resources, Husky Energy, Koch Fertilizer, LyondellBasell, and PBF Energy, among others.
Hallmarks of the iT-AP service include readiness indicators, benchmarks, and the proprietary AP-Networks Integration Index. This index provides a qualitative measurement of alignment, planning, and communication between the capital and maintenance teams executing a turnaround. The AP-Networks Integration Index was developed in 2009 and has been proven repeatedly over the course of more than 550 turnarounds that included significant capital scope.
About Asset Performance Networks
Asset Performance Networks is the trusted leader for improving asset and operational performance in petroleum, chemical, and energy companies worldwide. The company’s solutions are a powerful hybrid of Software as a Service (SaaS) and consulting expertise that generate measurable results. Since AP-Networks was founded, the company has focused on bringing predictability and competitiveness to high-risk events—namely, capital projects and turnarounds. Industry leaders not only recognize the AP-Networks brand, they insist on the company’s involvement in their most critical improvement initiatives. For more information on AP-Networks, please visit http://www.ap-networks.com/index.html.