In the energy industry, shutdowns, turnarounds and outages - collectively known as STOs - are unavoidable, like death and taxes. And any STO event inevitably presents the operator with a double whammy - the cost of the event itself, plus the loss of revenue while production is on hold.
Given the major capital and operating expenses they present, shutdowns and turnarounds are usually schedule-driven, and getting the facility up and running as soon as possible is seen as the top priority. While this is understandable, it’s not always the best way to manage the event. What’s really needed is balance, so that expenditure on the work itself is tightly controlled, and the advantages of a rapid turnaround don’t come at the expense of quality.
There’s an old carpenters’ adage that goes ‘measure twice, cut once’. The principle - that it’s best to check your data before you start hacking away with a saw - is particularly apt when you’re preparing for STOs. Capturing accurate information, managing work scopes and communicating with stakeholders long before the outage is scheduled to take place can all pay dividends.
And of course, the earlier you start planning, the better prepared you’ll be to adjust the plan if conditions or priorities change.
To really get on top of the STO - both at the planning stage and during the execution - you need to have all your information in one place, in real time. Project management software can do this for you, and mpower from Monitor has been specifically developed and tailored to provide an STO solution.
mpower for STO uses integrated dashboards to give you cost and performance information in a single comprehensive view. It saves you from compiling reports, as you can clearly see what actions have taken place and what remains to be done, and information can easily be shared with the entire team, as well as other stakeholders.
mpower supports efficient consolidation and management of the entire scope of work, including cost estimates and budgets. It links financial, scheduling and work package data on one dashboard, tracking actual incurred and accrued costs. And you can access all functionality from anywhere in the world, via the web.
As with any new system, implementing mpower requires an investment in time. But as many of its features are designed specifically for the STO environment, it can be easily and quickly deployed, even if work has already begun. And mpower for STO lets you leverage value from your existing investment, because it integrates seamlessly with popular software suites including SAP, Oracle E-business, IBM Maximo, Primavera and Microsoft Project.
Find our more about how Monitor and mpower can help you with your shutdown and turnaround operations – call +44 1224 626622
Based in Aberdeen, Scotland and with offices in the US, Canada and Australia, Monitor has been developing software and providing training and consultancy for the oil and gas and energy industries since 1987. mpower is our flagship software product, tailored specifically to STO projects and used successfully by leading energy and power companies all over the world.
The high performance, fully integrated project cost management solution