Despite investing large sums of capital in modifications and turnarounds, these projects often sustain significant overruns in schedules, budgets, and meeting team completion goals. Cost overruns on projects can range from $750,000 – $2,000,000 per day. One of the key areas of opportunity is in streamlining work execution. Effective wrench time in capital projects across industry is no more than 30%. Waiting on work permits 1-2 hours/shift is not uncommon. Megaprojects are both complex and massive. With a robust framework for project delivery, small issues can quickly turn into multi-million dollar overruns.
Just 31% of all projects came within 10% of the budget in the past 3 years.
From Concept and Design, through Construction, Startup and Operate – OS is here to help. Our technology puts the shared knowledge of your people and the proven expertise of our people into one integrated system – and then puts it to work on your project.
OS routinely saves clients up to 15% on capital projects by leveraging our knowledge of how to front-end load. Whether you are conducting shutdowns, turnarounds and overhauls (STO) or undertaking a major capital project, OS solutions can save you millions of dollars.
Our mobile applications enable field personnel to manage work permits, conduct audits, facilitate inspections, log incidents and near-misses, commission startups and initiate changes in the field. Operators can access complete information on permit isolation conditions, and other important process safety information on the fly. Whether on a tablet or phone, technicians can access mission critical information is at your disposal on your device at any time. The result is safer startups, enhanced sharing of risk information, and improved efficiency.
Some of the core integrations required for Capital Projects include:
Through the integration at the core of our Shutdowns / Turnarounds / Outages module and the interoperability possible through OESuite®, all of those key systems and areas work together to ensure your projects are delivered on time and on budget.
Human error can be reduced by addressing PSM early in the project development. Human factors and project risk management are not covered by OSHA PSM elements. Addressing these risk factors helps improve quality and reliability.
The OESuite® capital projects management software comes with out-of-the box integration to our Shutdowns / Outages / Turnarounds module to enable project controls and comprehensive orchestration. The result… manage your Operational Risk and Execute more efficiently.