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Monthly Archive for: "February, 2020"
Home » Archives for February 2020
 Digitally Optimizing an STO Planning Process Benefits Business

Digitally Optimizing an STO Planning Process Benefits Business

Blake Powell | Sales & Marketing Lead | STOlogix Originally published in the February 2020 issue of BIC Magazine. Shutdowns, turnarounds and outages (STOs) are expensive, complex, high-risk [...]

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At STOlogix we are focused on providing transformational STO solutions that will change the way you plan and execute an STO Event. Our software solutions offer a complete event management platform customized for our clients’ specific needs. By optimizing the scoping and planning process and increasing efficiencies we can reduce the project controls effort through all phases.

 

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Over 90% of turnarounds fail to meet the company’s business and turnaround goals

Most current planning methods in use today have no way to keep the Business Goals and Objectives constantly visible to the entire Event Team. Without this visibility, these important objectives lose their influence on the event planning. STOplanner allows you to keep these business objectives visible to the team as planning is in progress and budgets are developed to ensure they have proper influence on the overall plan.

80% of STO Events experience cost overruns of 10-50%

While cost overruns can be the result of a number of issues, the most significant factor is incomplete planning. STOplanner addresses this common problem by providing not only a thorough detail job planning process but providing a platform for planning the indirect costs of a turnaround event as well. Closing this large gap ensures the budget includes funds for the entire event and reduces the risk for cost overruns.  In addition, cost overruns are often the result of missed planning milestones; meaning the information is late. STOplanner tracks planning progress and total event preparation against those target milestones to ensure earlier recognition of budgeting requirements.

50% of turnarounds suffer from schedule slippage

By using STOplanner, execution schedule slippage is reduced by:

  1. Better communication of the scope of work to all the event participants
  2. Providing a work plan review platform to ensure better understanding of all the work to be performed
  3. Earlier job plan completions allow more time for execution schedule preparation, resulting in a better execution strategy with more realistic completion targets
  4. STO Events that achieve Plan for Planning Milestones, achieve better execution outcomes.  Our Front-End-Loading Planner ensures milestones are achieved.

3 out of 4 schedules are abandoned in the first week of turnaround

This problem is almost always traced to not having a solid execution strategy. A good execution strategy is a direct result of having a comprehensive understanding of the entire scope of work for the event. STOplanner provides event leaders, schedulers, execution coordinators and contractors a clear and easy to understand view of all the work required. With this knowledge, an execution strategy can be formulated to drive a schedule that anticipates challenges and includes mitigation plans thereby keeping the schedule relevant throughout execution.

90% of managers reported work scope growth of 10-50%

While there are legitimate reasons for scope growth such as discovery of previously unknown repairs, the most common pain in scope growth is a result of:

  1. Failure to maintain and protect a Master Scope List
  2. Failure to enforce Scope Freeze
  3. Insufficient scope development and definition prior to detail planning

STOplanner addresses all of these pains yet still provides easy access to review, challenge, define, plan and communicate what is, and just as important, what is NOT in the scope of work.

90% of post-turnaround critique report recommendations are never implemented

STOplanner is the perfect solution for this common problem.  As soon as post-TA recommendations are created, the next STO Event can be generated in STOplanner. In this new event, the recommendations are added to the Front-End-Loading Planner where they can be assigned, tracked and reviewed to ensure the next STO Event addresses each recommendation thereby ensuring continuous improvement to your organization.

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