Challenges:
-
Abiding by increasingly stringent regulations due to changing market and environmental conditions.
-
Insuring a safer and more efficient working environment.
-
Maintaining reliability and availability of assets while reducing asset-related costs.
-
Addressing labor shortages due to retiring workforce as well as lack of experience of new hires.
Solutions:
-
Embedding regulations and requirements at early stages of a project and managing this information throughout a project’s lifecycle.
-
Leveraging digital technologies to predict incidents before they occur and help avoid risks that can have a high human impact.
-
Efficient management of assets targeting on-quality, on-budget, and on-time delivery of projects.
-
Retaining industry knowledge accumulated over the years and making it available to new hires and globally distributed stakeholders by using off the shelf tools and processes.