Industry Focus: Energy and Utilities

Key Challenges

Our clients report they do not have the time or resources to:

• Harness best available Industry 4.0 technologies and data analytics to improve performance
• Accelerate performance improvements
• Implement a formal asset management plan and best practices to increase reliability and lower cost and risks
• Reduce Equivalent Forced Outage Rate (EFOR)
• Improve how outages are planned and managed
• Cope with challenges caused by an aging workforce and loss of important organizational knowledge

Here’s how we can help you meet these challenges

• Align your Industry 4.0 strategy to your asset management strategy: Learn how our standard process of Assess, Define, and Deploy helps clients build a fit-for-purpose strategy.
• Develop a formal asset management strategy: Our asset management capabilities assessment is a comprehensive diagnostic tool for understanding the foundation of your asset management system. Learn more about LCE’s Asset Management System Implementation Framework and Capital Delivery.
• Reduce EFOR: A Risk-Based Asset Management (RBAM®) strategy couples risk management, standard work, and condition-based maintenance to properly apply resources based on process criticality.
• Increase the effectiveness of your outage strategy: Outages can only be successful when the outage work is planned effectively. Read the article: Optimizing Outages Through Effective Task Planning
• Maximize the life of your equipment with our Preventive Maintenance Optimization services avoiding ineffective preventive and predictive maintenance. Learn more about Advanced Predictive Maintenance
• Develop the knowledge and skills of your most important asset – your people: The Life Cycle Institute offers a variety of courses and certification programs to help you, developed by Certified Learning Professionals teamed with our most seasoned Subject Matter Experts. Training is delivered virtually or in person for both private and public attendance. We also offer eLearning modules which support just-in-time training.

Resources

• Whitepaper: Introducing LCE’s Asset Management System Framework. Read now.
• Resource guide: Shutdown, Turnaround, Outage Self-Assessment Questionnaire. Download now.
• Resource guide: Four Ways to Measure the Effectiveness of Your Root Cause Analysis Process. Download now.
• Article: Developing Asset Management Plans. Read now.

Why work with Life Cycle Engineering?

Since 1976 LCE has helped companies effectively manage their asset portfolios while also realizing cost savings from resource prioritization, reduced failure costs, and decreased downtime. Our experience in energy and utilities, combined with our commitment to help you solve critical business problems, can deliver the execution and results you are looking for. To learn more about how we can help you with your specific challenges, please email [email protected].