Asset Management in an asset-intensive industry is one of the most, if not the most important, processes within a business to ensure the longevity of your highly-valued assets. So what are the benefits of implementing this process? Benefit 1: Live Asset Reporting Assets are essential foundations in your business – similarly to a foundation, [...]

Challenges your business might be facing with asset integrity Equipment failures cost the U.S refining industry over $4 billion per year and $75 billion in well integrity failures (Scott 2016). Asset management is the systematic and coordination of systems and coordinated activities in which an organization optimizes and continuously manages their asset and asset systems [...]

Non-intrusive inspection is a growing trend in many asset-intensive industries.The traditional approach of confined space entry where personnel would need to enter the vessel to gain the internal condition of said pressure vessel. This approach presents itself as a severe risk to personnel, and production loss with vessel closure is outstanding.This is due that the [...]

Download "The DNA of Incidents: Root Cause Analysis" info graphic

Root Cause Analysis focuses on the direct cause of incident within the workplace . By executing a root cause analysis, it allows you to eliminate or prevent the same incident from recurring again in the future. It also reduces the risks of death and injury within the facility and its surroundings. You can also avoid [...]

Risk Management and Employee Safety Risk assessments are an essential aspect of risk management. This tool assesses the likelihood of potential adverse events, their consequences, and the impact on the possible employees, which allows management to identify these risks and takes steps to mitigate these risks. This tool exposes a firm's vulnerabilities and hazards, which [...]

Download "CUI: Management Using RBI" infographic

Download "Managing Asset Risks Using the RBI Approach" infographic

Corrosion under insulation is the cause of many of the process industry’s most pressing problems. These problems include forced shutdowns, lost productions, early repair and replacements, and other safety and environmental consequences – resulting in billion dollars worth of capital loss and additional money which could be spent productively elsewhere. The US Chemical Safety Board [...]

There are many studies which show the benefits which businesses and workplace can encounter when they are integrating the use of data within their decision making. This includes day to day operation to critical decisions that may have an impact on the whole organization. However, there are industries already involved using various amounts of data [...]