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4 Tips to Managing Successful Joint Ventures
Estimated reading time: 6 minutes Due to increasing project complexity and customer demands, it is now commonplace for organisations to form alliances across industries. Organisations are moving towards joint ventures to tap on the partner’s strengths and diversify at a much lower risk. Joint ventures provide an entry point into strategic markets, making…
Read MoreRole of Human Factors in the BP Texas City Explosion
Estimated reading time: 5 minutes On March 23, 2005, one of the worst industrial disasters in recent U.S. history occurred at the BP Texas City Refinery. The disaster that took 15 workers lives and injured 180 others, occurred as a result of an explosion and fire during the startup of a process unit. A…
Read More4 Steps To Start A Strategic Communication Strategy
Estimated reading time: 4 minutes What is a strategic communication strategy? A strategic communication strategy involves creation of plans to convey information to target audience through dedicated telecommunications that satisfies a long term strategic goal of an organization. The difference between a simple communications plan and a strategic communication strategy is the addition of…
Read More4 Common Mistakes of Maintenance Planning and Scheduling
Estimated reading time: 5 minutes One of the critical features of a plant operation, is its effective maintenance management in establishing conditions for safe operations, and in supporting the commercial success of the business. Effective maintenance reduces overall company cost because production capacity is available when needed. The company makes a product with…
Read MoreImplementation of a Succession Management Plan
Estimated reading time: 4 minutes Succession planning is the process of identifying and developing new leaders who are able to immediately replace old leaders when they leave or retire. Essentially, it is the planning for the continuity of leadership by developing internal people who have high potentials of filling up the key business leadership…
Read More3 Tips for A Successful HAZOP Study
Estimated reading time: 5 minutes What is HAZOP? A Hazard and Operability (HAZOP) study is a structured and systematic risk management technique for existing process or operation. It is used to identify and evaluate risks to personnel or equipment. HAZOP is often used as a technique for identifying potential design and engineering issues that…
Read MoreWhat is A Direct Fired Heater? All You Need to Know
Estimated reading time: 4 minutes A direct-fired heater, or an industrial furnace, uses the hot gases of combustion to transfer the heat to the liquids flowing in the heat exchange coils. Direct-fired heaters can either be used in radiant or convection heat exchanges and adopt different configurations according to their applications. The types of…
Read MoreHow Companies Should Keep Up with the Changing Oil and Gas Landscape
Estimated reading time: 4 minutes The oil and gas industry has always been a turbulent industry, with many factors easily affecting the demand and supply for oil and thus, shaking up the oil prices. Since the oil shock in late 2014 which had led to a 30% decrease in oil prices due to oversupply…
Read More5 Things to Consider Before Submitting a Tender
Estimated reading time: 4 minutes The tendering process is a highly competitive process, where many businesses offer their services and bid for the contracts and projects they seek. For example, government tender requests attract small, medium and large businesses across a wide range of sectors – from office supplies to major construction projects. Bids…
Read MoreTips to Properly Manage the Corporate Training Budget
Estimated reading time: 3 minutes Though corporate training has been deemed as essential and vital for development and growth, a constraint in corporate training budget is actually one of the most commonly faced challenges for organizations. This perennial problem of limited budget has led to many organizations not investing enough in corporate training, leading…
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