Measuring the Standstill: How to Use KPIs and Benchmarks in Plant Turnarounds?

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Consultants and industry service providers record around 20 classic indicators — for practical reasons, the experts recommend concentrating initially only on some few. The maintenance cost index is intriguing especially for the higher management: This figure is calculated from the maintenance costs by dividing by the replacement value of the plant. The performance indicators like urgency rate, the capacity or the work-list enables the operative business units or the middle management to predict the project execution process. It cannot be not achieved just by integrating the data: Vogel is confident that “The true added value emerges only if one knows how to interpret this data.”

Only the one who chooses his objectives ambitiously but also realistically and manages to get various cultures on board in his company, can score in the turnaround-race and improve himself consistently with each project. Obviously, benchmarks must not necessarily come from your own company: Consultants like Solomon, IP Networks or TA Cook have extensive performance indicators of thousands of companies and projects. Particularly for specialized projects like turnarounds, databases like TA Cooks Maindex help generate realistic benchmark reports and to compare the same with industry-specific average value.

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Nevertheless, benchmarks are not the sole purpose — however, if rightly applied, they help in pointing out the problems and weaknesses in the projects and in continuously improving own performance. Then the turnaround-tachometer becomes the advantage through technology in case of plants-pit stop.

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