Process Intelligence for Reliability Excellence
Executives need to quickly identify asset vulnerabilities that may lead to risks to the environment, employee safety or the organization’s financial health. Life Cycle Engineering has developed Process Intelligence for Reliability Excellence, an integrated, real-time asset health monitoring solution that augments a risk-based asset management strategy by leveraging process intelligence to reduce risk and increase profit.
Offering real-time asset management visibility for executives, the Asset Integrity Dashboard solution includes:
Reliability engineering-driven processes to:
- Define predominant failure modes, map them to the most cost-effective control strategies, and create equipment maintenance procedures.
- Establish critical operating parameters, tag the data point and interpolate the data to drive the output of key performance indicators.
Process intelligence software to report asset operating data as real-time health status:
- User-friendly management dashboard
- Shows overall health of enterprise assets
- Eliminates guesswork
- Enables appropriate mitigating actions
Implementing the Asset Integrity Dashboard is an investment in continuous improvement that will yield significant returns. Combining an asset integrity dashboard with financial data, businesses can make risk-informed decisions to provide the most value through:
- Reduced waste
- Improved efficiency
- Improved performance
- Increased safety
Process Intelligence for Reliability Excellence Resources: