Calculating the Value Contribution
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Overview
How does your mechanical integrity program help your company achieve your corporate goals for dividends and profits? The answer is to achieve the required return on net assets (RONA).
Topics
- What is RONA and how is it calculated?
- How does RONA translate into Net Income?
- How does your total asset value and working capital translate into achieving your contribution to RONA?
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What is Asset Utilization (AU) and how does it translate into your
- maintenance strategies,
- Operational Strategies, and
- Acceptable Risk Strategy?
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How do your KPIs measure your ability to achieve these goals and more specifically:
- The need to meet your Fixed Asset Strategy inspection due dates and confidence levels,
- OEE for your rotating equipment, and
- Instruments and Controls target percentage of spurious trips?
Related Services
Innovative technology that allows quick, efficient extraction of data into a knowledge-centric world
An interdependent assessment of your people, process, and technologies for a confident path forward
Asset Integrity Management for all asset families - Rotating, Electrical, Instrumentation, and Fixed Assets
Related Training
Asset Integrity Management - how you perform at the plant level affects those goals set at the board room
Developing the value proposition and business case for an RBI program
How does one of the largest chemical manufacturers measure the value of their RBI program?
Related Knowledge
What are the hidden benefits of implementing Risk Based Inspection?
A dysfunctionality found in many refineries, chemical plants, and other production facilities, is a lack of common asset management work processes.
A look at how the financial sector's concept of Asset Value Management can be applied to the petrochemical industry.
A look at how RBI adds value whether you are just starting out or transitioning from a traditional methodology.
PHMSA has out for comment, draft document information, that clarifies its jurisdiction in relation to OSHA for Midstream Processing Facilities.
A 26-Year-Old Gulf Coast Chemical Plant Saves over $15 Million in Related Inspection Activities.
130,000 BPD Refinery Implements RBMI Program and projects a $63 Million savings over 10 years.
Heat exchanger failures contribute to over $146M in losses for a large refining enterprise.
Delivering knowledge based asset files from the true sources of data - confidently, accurately, electronically, and in half the time.
The business case developed for an RBI program - realized benefits and how the on-going value of the program is measured
Asset Optimization is the authority on asset integrity solutions that align your people, process, and technology with unmatched returns across your enterprise.
Consulting Activities
Contact Us
United States
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Phone: +1 (281) 909-7333
Email: info@aoccorp.com
Europe
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DN41 8TH, United Kingdom
Phone: 00 44 (0) 1469 552875
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