September 24, 2021 by Data To Drive Better STO OutcomesThe weak preparation and execution of shutdowns, turnarounds, and outages can have a significant, negative impact to the financial, safety, and operational performance of an owner-operator organization. Running STOs efficiently and effectively is a key operational objective to drive better bottom-line performance. At AP-Networks, we believe that maximizing asset performance starts with a quantifiable understanding of industry best practices, and that’s why we’ve been building our Turnaround Database for more than a decade.The AP-Networks Turnaround Database is the world’s largest and most comprehensive STO database, containing observations from thousands of unique STO events. This database includes information gathered from more than 100 marquee companies and over 400 sites throughout Asia, Africa, Australia, Europe, the Middle East, North America, and South America. Operators from the onshore and offshore upstream, gas, refining, chemical, and power industries are represented.Evaluating your organization’s STO performance and associated preparation and execution practices relative to industry is the key to understanding how to achieve predictable, competitive STO outcomes. The AP-Networks Turnaround Database contains information on planned and actual STO outcomes, key characteristics, and preparation and execution practices that are correlated with outcomes. Our data analytics gives us insights into the causal factors behind success and failure and allows individual STOs to be benchmarked against Industry average and top quartile performance. These analytics allow us to identify the demonstrated practices that lead to successful outcomes.In addition to driving hundreds of STO benchmarking studies annually, the Turnaround Database drives our evaluative tools residing on Turnaround Network and Outage Network, our Digital Platforms for project professionals that includes data-backed tools designed to help you optimize your STO outcomes.