Workshop Duration: 1 Day
New capital projects are typically designed with the main goals of achieving the lowest possible capital outlay for plant and equipment while maintaining the plant’s ability to meet productivity targets. Too often; however, the 'lowest possible cost' aspect garners most of the focus in the design phase which results in plants being handed over to operations teams that simply aren’t designed for reliability. Once the plant is in operation the consequences start to appear, such as: High number of failures and breakdowns, no way to achieve better performance from equipment short of a redesign, and maintenance costs too high for the plant to be sustainable for the long term.
To combat this, world-leading organizations are starting to require that a RAMS Analysis (Reliability, Availability, Maintenance, and Safety Analysis) be completed at each project stage. These studies serve as checkpoints with scenario modeling that provides various options to the project team as to how they can meet the business goals of the project at the lowest possible cost. Sophisticated organizations are also incorporating peer reviews to challenge the plant designs and Lifecycle Cost Analysis to evaluate the project over a longer period to predict costs, so they can plan and budget accordingly.
This workshop will discuss the benefits of RAMS/ RBD and Availability Modeling and what that process should look like to ensure a sustainable, successful plant is handed over to Operations.
Key Learnings
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