WORLD-CLASS TURNAROUND MANAGEMENT LESSONS FROM BENCHMARKING AND PACESETTER COMPANIES

Description:

The competitive global economy demands that all plant functions are performed efficiently and cost effectively. In the last few years, the plant shutdowns and turnarounds are being specifically targeted to contribute in company’s bottomline financial results through reduced costs and shorter down times. Today, success on plant turnarounds does not depend on just developing information and providing resources, equipment, materials and labor. To facilitate World-Class Shutdowns and Turnarounds, companies must make a long-term commitment, clearly establish Company’s Turnaround Vision, and develop higher expectations and innovative strategies to enhance in-house turnaround management capabilities. The following slide shows a synopsis of the industry’s past performance on plant shutdowns and turnarounds.