Manufacturers require a greater return on their assets to compete in the marketplace. The bar for targets for safety, availability, and cost has been raised over the years to respond to this challenge. Owners have established asset management strategies geared to delivering operational goals needed for business performance. The path to achieve this performance is routed in the application of methods, tools, and practices that are applied throughout an asset’s life.
The commitment to achieve improved reliability requires personnel and monetary resources. However, competition for these resources across all business initiatives requires difficult decisions. Decision-making requires data and tools to understand the best approach to impact the business. In addition, the understanding of cultural change is needed to enable the improvement plan.
This webinar encompasses how to develop a business case for reliability improvement. The webinar covers both benchmark and margin analysis approaches to understanding the value of the opportunity faced by the facility. The process for both methods including assessment, analysis, and reporting are also covered. Sample implementation plans are also discussed.
Webinar content is available with the kind permission of the author(s) solely for the purpose of furthering AIChE’s mission to educate, inform and improve the practice of professional chemical engineering. The content reflects the views, opinions, and recommendations of the presenters. AIChE does not warrant or represent, expressly or by implication, the correctness or accuracy of the content of the information presented. All other uses are forbidden without the express consent of the author(s). For permission to re-use, please contact chemepermissions@aiche.org. Attendee contact information, including email addresses, will be shared with AIChE, with the option to unsubscribe from future communications.
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