Companies that construct, operate and maintain operational assets

Face major risks relating to the way they control engineering information.

In addition to making engineering information readily available, they must also guarantee that it is accurate, relevant and compliant.

Getting engineering information management wrong means planning, procurement, engineering, construction, operations, maintenance and also vendors are all using incorrect or unclear engineering information. This will increase commercial risks including:

  • Rework on projects

    Resulting in capital project cost, schedule slippage and/or the revenue impact from lost production due to delayed start-up or first cargo.

  • Extended downtime

    From maintenance, turnarounds can be very expensive not only due to the cost of the work but also due to the lost production.

  • Major incidents

    On power stations, oil platforms, utility facilities or pharmaceutical factories can affect not only the company workforce but wider communities and environment. When it comes to safety and environmental damage the impact is not only measured in terms of the cost of the remediation and fines but also in terms of corporate reputation, share value and in the worse cases loss of life.

  • During Litigation

    Engineering documentation (records) identified as relevant by investigators will be placed on legal hold. Aside from the eventual settlement, this process can be a significant cost to your business. Regulators and investigators are not just looking to prove the validity of documentation but also that the processes that govern the creation, approval and use of that documentation meet the regulations concerned.

  • Workforce age gap

    The knowledge and work practices built up over many working lifetimes are in danger of being lost. All the more reason to ensure that the right documentation and control processes are available to the ‘new crew’ that may lack the experience or working knowledge to ‘just know’ which information is safe to use.

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Getting your engineering information control right can help ensure the interoperability of information between planning, procurement, engineering, construction, operations, maintenance and also vendors are all bringing positive impacts to the bottom line by helping major capital projects to be delivered on time and within budget, to the highest specification, and help ensure ongoing safe, compliant operation and optimal production.

At Kinsmen Group, with decades of implementation experience we understand that implementing an engineering information management solution is about ensuring that one of the business outcomes for your company is reducing its exposure to commercial risks.