May 31, 2024 by AP-Networks Leave a Comment Mastering the Integration of Sustaining Capital Projects in Turnaround Maintenance While working at Asset Performance Networks, I have seen the critical importance of effectively identifying and integrating sustaining capital projects into the turnaround process. Sustaining capital projects are those investments necessary to maintain the reliability, safety, and environmental compliance of an organization’s assets over the long term. All too often, however, these projects are managed separately from the turnaround process, leading to missed opportunities for synergy, duplication of effort, and suboptimal resource allocation. It is essential to take a holistic, integrated approach to sustaining capital project management to avoid these pitfalls. The first step in this process is to identify the projects that are most critical to the facility’s long-term health. This requires a deep understanding of the asset base and a forward-looking view of the business’s strategic priorities and regulatory requirements. By engaging cross-functional stakeholders from engineering, operations, and maintenance; turnaround planners can develop a comprehensive picture of the sustaining capital needs and opportunities. Once the key projects have been identified, the next step is to seamlessly integrate them into the turnaround event. This involves aligning project schedules, resource requirements, and execution strategies with the overall turnaround timeline and budget. By leveraging the turnaround event as an opportunity to execute sustaining capital projects, organizations can look forward to minimizing downtime, reducing costs, and optimizing the use of scarce resources. At Asset Performance Networks, we bring to the table a proven methodology for identifying and integrating sustaining capital projects into the turnaround process. Our approach, backed by our extensive expertise, starts with a rigorous assessment of the asset base and the business context, followed by a systematic process for prioritizing and planning the most critical projects. By leveraging our expertise and tools, our clients have significantly improved the efficiency and effectiveness of their sustaining capital investments. They have reduced the total cost of ownership, extended their assets’ useful life, and enhanced their facilities’ overall reliability and performance. In today’s challenging business environment, the ability to effectively manage sustaining capital projects is not just a luxury but a necessity. By mastering this critical skill, organizations can position themselves for long-term success and competitive advantage in the years ahead. Media Contact: communications@ap-networks.com Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ