AP-Networks Contributes to Petrochemical Update Whitepaper on Capital Project and Turnaround Integration

In Petrochemical Update’s recently released whitepaper focusing on capital project and turnaround integration, VP of Turnaround Consulting Services Bobby Vichich weighed in with data and insights from the AP-Networks Turnaround Database.

January 2016 | Bethesda, Maryland

Asset Performance Networks (AP-Networks) has found that as the percentage of capital project scope in a turnaround increases, the likelihood of achieving a successful turnaround outcome decreases. In fact, capital project integration into the turnaround is one of the leading causes for turnarounds missing their cost and schedule targets. This is not news to the many companies who struggle with poor project integration, and have seen their efforts at executing a successful turnaround derailed as a result.

To address this prevalent Industry issue, Petrochemical Update released their “2016 Integrating Capital Projects and Turnarounds Whitepaper.” The stated goal of the whitepaper is to maximize the efficiency of collaborating project and turnaround teams by presenting common pitfalls to avoid, and solutions on how best to tackle the challenge of integration. AP-Networks was proud to contribute to this paper.

In the paper, Bobby Vichich, Vice President of Turnaround Consulting Services for AP-Networks, shared his firsthand experience of effective integration strategies, as well as some of the mistakes he’s watched sites fall victim to. He also shared insights from the AP-Networks Turnaround Database, Industry’s largest database of turnaround observations with 1,350+ observations from more than 65 marquee companies and over 200 sites across the globe. Bobby also shared an instructive anecdote about the miscommunication that can often hinder project and turnaround integration.

To download the paper, click here.

About Petrochemical Update
Through independent market research and large-scale international petrochemical conferences, Petrochemical Update helps decision makers anticipate the petrochemicals future and formulate timely plans in the face of rapid change.

About AP-Networks
Asset Performance Networks is the trusted leader for improving asset and operational performance in petroleum, chemical, energy, and asset-intensive companies worldwide. The firm’s empirically driven solutions are a powerful hybrid of Software as a Service (SaaS) and consulting expertise that generate measurable results. Since AP-Networks was founded, the company has focused on bringing predictability and competitiveness to high-risk events—namely, capital projects, turnarounds, outages, and overhauls. Industry leaders not only recognize the Asset Performance brand, they insist on the company’s involvement in their most critical improvement initiatives. For more information on AP-Networks, please visit: www.apnetworks.staging.wpengine.com.

Media Contact: communications@www.ap-networks.com