How to Effectively Manage Project Risk?
Estimated reading time: 4 minutes Project risk analysis and management is the process designed to identify and remove any risks that inhibits progress towards the project goals. It is frequent for things to go wrong in a project, usually due to reasons that are specific to the particular industry or working environment. These often result in extra costs and resources wasted. Examples of things that could go wrong include failure to keep within a budget or missing a deadline. To account for these situations that arose due to expected risks, project risk management has to be implemented to prevent future…
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Best Practices in Seismic Data Processing
Estimated reading time: 5 minutes Seismic data processing is a complex process that comprises of several elements that contribute to its outcome. Due to the nature of these unpredictable elements, ensuring the quality of the outcome of any seismic data processing is difficult. Seismic interpretation is a fundamental tool for depicting subsurface geology and assisting activities in various domains, such as environmental engineering and petroleum exploration. To gain a successful outcome for data processing, it depends on these factors such as people, quality control and software/hardware used (Ghiath et al, 2011). By having a proper arrangement of all these…
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What is Reliability Centred Maintenance?
Estimated reading time: 4 minutes Reliability Centred Maintenance (RCM) is a systematic and highly structured approach to maximise safety and the function of equipment assets. RCM uses a rigorous framework for identifying and eliminating all the potential ways an asset can fail to perform its intended function and/or the consequences of that failure. One of the RCM principles include condition based maintenance, or condition monitoring. This involves the practice of closely monitoring the status of a component or system to pre-empt any potential failure. Another aspect of RCM also involves implementing an effective Predictive Maintenance (PdM) program. In other…
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Questions To Ask Before Choosing A Training Provider
Estimated reading time: 3 minutes Corporate training is something that is naturally considered to be essential today given its many benefits. According to the 2018 Training Industry Report, spending on external training products and services has increased from $7.5 billion to $11 billion over the past year. It can be difficult, though, to know which training provider is the most suitable for your organization among the wide myriad of training providers out here. Here are the key questions that ought to be asked when searching for a training provider: Is the training provider a recognized organization? Organizations…
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How To Implement Predictive Maintenance in 3 Easy Ways
Estimated reading time: 6 minutes Many organisations are shifting towards implementing a predictive maintenance to improve the efficiency and effectiveness of assets. Productivity levels may drop between 5% to 20% as a result of poor maintenance, while unscheduled downtime has cost US manufacturers an estimated $50 billion each year. Implementing an effective Predictive Maintenance (PdM) program is imperative for both industrial and manufacturing organisations to have a global competitive edge. An effective PdM program can positively influence several key factors in a plant such as equipment reliability, equipment availability, production and bottom-line profitability. Plant maintenance is important in ensuring…
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How to improve HSE Management System
Estimated reading time: 4 minutes Health, Safety and Environment (HSE) Management System refers to the initiatives as well as rules that an organisation follows during operations to manage risks associated with HSE. An ideal HSE Management System will be one that reduces HSE risks. To reduce HSE risks, there are many components that can be targeted and improved. Specifically, these 3 components are critical: Commitment and leadership: Good leadership and the commitment to lead are the fundamentals of occupational safety and health. Good leadership with clear and directed goals will lead to the implementation of new policies that…
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4 Benefits Emphasizing the Importance of Interaction during Corporate Training
Estimated reading time: 4 minutes For an organization which aims to train and develop employees belonging to the cream of the crop, it is natural to want to utilize the best training methods and practices. As mentioned in a previous article ‘4 tips on how to increase appeal of corporate training for employees’, interactive corporate training is critical in engaging your employees. As compared to the past where corporate training used to comprise of one-sided lectures along with boring slides, good trainers nowadays have been learning to incorporate technology and improved methods to make corporate training more…
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What Is Human Factors Integration?
Estimated reading time: 5 minutes Human factors integration begins with an effective framework for managing risks in hazardous industries. There are several best practices for leaders when delivering strategic objectives within a high hazard business, and several roles and responsibilities are assigned to deliver optimum individual and organisational performance to meet those objectives. As we know, despite rigorous regulations, advanced process automation and safety management systems in place, work accidents still occur. Hence, this highlights the importance of having proper development of competency management systems and how management can identify the types of human error and pre-conditions that…
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Leadership in the Digital Age
Estimated reading time: 4 minutes Leadership in the 21st century is asking for new skills. Other than the 3 traits needed to develop your leadership capability, there are more skills required today that are different from previous generations. Among which, the one that was deemed most important according to a Deloitte study, is the ability to lead through more complexity and ambiguity. With the current high speed of information flow and ongoing global revolution of digital mediums, they are pressuring leaders to adapt and transit towards the increasingly volatile and faster-paced business climate. For many leaders, this can instigate…
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What is API 936 Refractory Personnel Certification?
Estimated reading time: 3 minutes The API 936 Refractory Personnel certification is an industry-recognised certification for inspectors in the industry. It sets the standard for inspectors who are trained in refractory systems, as they hold the knowledge of API STD 936 Refractory Installation Quality Control Guidelines. Qualified refractory inspections have a strong knowledge and understanding of installation, inspection, testing and repair of refractory linings. Who is API? API is the only national trade association representing all facets of the natural gas and oil industry. Although based in the US, they are known internationally as a standards-setting organisation aimed…
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