A CASE IN POINT
Managing the Crisis Effectively
COVID-19 is disrupting all sectors including the process industry - plants around the world are operating in emergency mode or are shut down completely. There is no hint about how long the situation will last nor can anyone realistically predict the scope of the economic impact it will have. Therefore it is crucial to minimize costs while not compromising the effectiveness of the plants. These 6 recommendations will help you to align your asset management according to requirements and turn the challenges into opportunities.
TEXT FRANK UWE HESS
Fuelling Change through Winning Partnerships
There’s never a dull moment at Equinor’s onshore production operation. It’s adrenalin filled and demanding; but also hugely stimulating and rewarding. There are continual strategic and operational challenges too. But that’s what energizes its staff, who are drawn to a career that keeps them on their toes. And it’s these key players who are at the heart of Equinor’s turnaround transformation program.
TEXT DAVID FLEMING
Leave the Past Behind!
When it comes to maintenance budgets, many companies plan on the basis of the previous year. The problem with this tactic is that old budget figures don’t reveal much, if anything, about current and future maintenance needs. So it’s high time to switch to data based financial planning – with the right strategy and appropriate software.
TEXT COLEMANN O'MALLEY
The Human Factors of Equipment Asset Management
According to research, about 80% of all failures can be attributable to human factors. More than 55% can be attributable to organizational artifacts such as lack of or ineffective procedures, lack of training and lack of supervision. In this article, we’ll discuss strategies for you to take control of the human factors of failure and improve the performance and reliability of your assets.
TEXT DREW D. TROYER, CRE