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To calculate an FCI, a facility manager or third party assessment professional needs to quantify the cost of maintenance, repair and replacement deficiencies. This is typically the outcome of a facility condition assessment. The current replacement value is defined as what monetary value the organization places on the facility.
Overall equipment effectiveness [1] (OEE) is a measure of how well a manufacturing operation is utilized (facilities, time and material) compared to its full potential, during the periods when it is scheduled to run.
It includes also process benchmarking, the setting of service goals and the development of a default chart of accounts. The project is financially independent through the payment of fees by participating utilities. It is estimated that around DK 15 million (US$3.15m) will have been spent on benchmarking by 2009. [8]
In an increasingly competitive industry, benchmarking has grown popular amongst oil and gas Operators, [8] explaining why participation in the Rushmore Reviews has grown steadily. The dataset contains a large amount of offset well data encompassing drilling, completions, shale, interventions and abandonments.
Subsurface utility engineering (SUE) refers to a branch of engineering that involves managing certain risks associated with utility mapping at appropriate quality levels, utility coordination, utility relocation design and coordination, utility condition assessment, communication of utility data to concerned parties, utility relocation cost estimates, implementation of utility accommodation ...
Reliability-centered maintenance (RCM) is a concept of maintenance planning to ensure that systems continue to do what their users require in their present operating context. [1] Successful implementation of RCM will lead to increase in cost effectiveness, reliability, machine uptime, and a greater understanding of the level of risk that the ...
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PowerStats is a highly automated platform intended to allow groups of competitors to contribute, manage and visualize data for purposes of benchmarking. Participants load raw data on a regular basis, and PowerStats creates relevant KPIs in real-time, making them available via self-service charts and tables via its online interface.