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Friday, October 17, 2014
Release
Asset Performance Networks to Perform Record Number of Integrated Turnaround and Project Reviews in 2014
Bethesda, Maryland, October 16th, 2014 – This year, Asset Performance Networks (AP-Networks) will perform a record number of Integrated Turnaround and Project Reviews (iT-AP). The iT-AP service is an extension of the company’s 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 comprising turnaround events has increased from an average of 5% to more than 15%. “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 repeatedly proven over the course of more than 550 turnarounds that included significant capital scope.
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