September 24, 2021 by Quantify Risks To Predict Turnaround Outcomes The ability to assess and mitigate risk is essential to success in heavy industry. To address risks generated by supply chain constraints, safety concerns, or the ability to execute, managers need resources to aid them in identifying risks before they impact outcomes. At AP-Networks, our experience in the industry led us to develop the Risk Manager tool. The Risk Manager is a self-assessment tool that enables turnaround teams to predict the cost, schedule, lost profit opportunity, safety, and operability outcomes based on empirical data from other turnarounds with similar characteristics. These characteristics are the drivers behind turnaround predictability. In addition to providing risks with specific outcome performance benchmarks, the Risk Manager also highlights specific planning components to focus on to minimize the impact of these potential risks. Backed By Data, Trusted By Industry AP-Networks’ Risk Manager tool has proven reliable through hundreds of turnarounds over the years. It is a tried and tested tool rooted in statistical regression models that uses empirical data from AP-Networks’ engagements with Industry. As the AP-Networks Turnaround Database continues to expand, the tool becomes ever more robust. AP-Networks’ Risk Manager tool is included in the following platform subscriptions: Turnaround Network LEARN MORE Upstream Network LEARN MORE