STO Long-range Planning is used in the manufacturing industry, in conjunction with EAM (Enterprise Asset Management), to ensure high Process Availability (production throughput) capable of meeting market demand while ensuring Asset and Process Integrity at the lowest risk/cost, coordinating facilities to enhance Resource Availability, not to mention, increasing shareholder profits.
No company can sustain its business or market share in the absence of Long-range Planning.
The best Long-range Planning is done with a system that communicates with a corporation’s EAM (Enterprise Asset Management) and its Scheduling Program, using Risk Mitigation and Budget Management Methodologies to optimize production. We’ve developed the perfect cloud-based application for just this purpose. It’s called STOworx®, where STO projects are established within the EPS (Enterprise Project Structure) and the WBS (Work Breakdown Structure) at the Equipment and Cost Center Levels across the corporation, forecasted over several years.
Long-range Planning means identifying Scheduled Shutdowns for Process Integrity (cleaning, catalyst replacement, filters and analyzer calibration.), Scheduled Turnarounds for Asset Integrity (inspection, PSV overhaul and piping integrity) and Scheduled Outages (off-stream routine maintenance—overhauls, corrective, replace, etc.) over a projected time frame of 1-5-10-20 years, in conjunction with market projections and facility coordination and resource availability.
I have been involved in the development of STOworx® since inception, ensuring its Methodology supports Long-range Planning, as well as Risk Mitigation for each STO project to assist STO Project Managers with the navigational tools and best-practices necessary to prepare for the successful execution of all STO projects.
I’ve found, during 30 years as a STO Project Professional, that companies lack a robust Methodology Management System capable of communicating between Owners’ EAM/EPS and their Scheduling Program. Many of them attempt to use spreadsheets—something I did for years before technology improved—to assist them with Long-range Planning and Strategic/Work Package Planning, but these methods proved to be unsuccessful, given their lack of integration and control. For more information on STOworx® visit: www.stoworx.com