January 2009

Misc

Asset information management as an enabler

RUSS NOVAK, Contributing editor       Comments? Write: editorial@HydrocarbonProcessing.com Owner/operators invest capital in new plants and upgrades ..

RUSS NOVAK, Contributing editor       Comments? Write: editorial@HydrocarbonProcessing.com Owner/operators invest capital in new plants and upgrades to be able to take advantage of market opportunities. While the capital costs and project timing can be estimated in advance and used to control early life cycle stages, the project is not successful until the plant has achieved full operational readiness. The plant is operationally ready when it is available to generate revenues. This differs from typical engineering and construction milestones in that it also takes into account the human and procedural assets; t

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