This event brings together distinguished personnel from banks, government bodies and technology companies to discuss and address crucial issues on how to seize new opportunities in retail banking and wealth management while making it beneficial for all stakeholders.
Interview with Peter Adam, Executive Vice President, Add Energy (Associate Partner)
The performance of your assets determines the performance of the company. Efficient asset management can also deter major incidents and accidents at the workplace including loss of property, life and damage to the environment.
1] With escalating production costs and shrinking margins, how can businesses embrace the asset maintenance and integrity culture?
Business’ should focus on marginal gains, through getting the basics right, focusing on getting the foundation data, such as having a fully comprehensive asset register and equipment criticality assignments that are correct, is a fundamental aspect and good starting point for encouraging a good maintenance and integrity culture. In our line of work we often see companies operating in a reactive mode, I would heavily encourage a shift to proactive maintenance programs through optimisation of the maintenance strategies and schedule, analysing historical maintenance data and failure trends, are proven techniques which have been found to encourage cultural changes, reduce maintenance expenditure and be a vital aspect of managing integrity - safe companies, who are in control, are efficient companies.
2] What solution/innovation do you feel will drive maximum growth in the Middle Eastern process safety industry?
My advice would be to focus on improvements in the capturing of asset data, including fail-safe, fail-to-danger analytics on Safety critical Equipment in order to determine probability of failure on demand, Improvements in MoC (Management of Change) through IoT (Internet of Things) and self-aware plant will lead to better control of change, statement of fitness and permit to work systems
3] How can organizations better integrate management of change (MoC) with their asset integrity & performance functions?
Good MoC will determine if there are like for like changes to plan or the introduction of new related risks as per the swiss cheese model. Poor MoC results in unknown equipment on site with no assurance tasks and no make/ model/serial number in the system to provide spares or replacements, resulting in periods of plant exposure where equipment is in a failed state, with a contingency in place in compliance with MOPO
4] How can organizations optimally leverage Computerised Maintenance Management Systems (CMMS)?
The CMMS should be an up-to-date record of the complete register of equipment with the criticality correctly assigned with assurance tasks in place to test the function of the equipment and reveal failures, it should help maintenance technicians not to precondition equipment and to record assurance values which determine whether the equipment was fail safe or fail to danger, it should be an audit trail for the number of tests and fails of SCE equipment to determine if the probability of failure on demand is met and the equipment is fit for purpose.
Interested in this topic?
Operational Excellence in Insurance
The 5th Annual operational excellence conference is a must-attend event dedicated to enhancing digital operational excellence and overcoming the challenges surrounding digital transformation and the impact of technological development.
Regulations & Safety in Cosmetics
Over the past five years, the cosmetic industry has met with several legislative changes. Within the new legislative package, including the new REACH and CLP, it is important to find a comfortable routine that will minimize costs while staying effective and compliant with all regulations.
Smart Workspace Design Summit 2016
Have a look on the infographic about the Smart Workspace Design Summit 2016.
Post Show Report 3rd Annual Oil & Gas Forum
Post Show Report from 3rd Annual HR Oil & Gas Forum
How important is the color of a car?
Have you ever thought about how important the color of a car is for insurers and insurants?