2 entries found for "February, 2021"

  Asset Value Management vs Asset Performance Management

by Michael Hurley, 2/16/2021

Tags: Asset Performance Management Mechanical Integrity Risk Based Inspection

VP of Technology, Mike Hurley, looks at the concept of Asset Value Management in the financial sector and compares it with Asset Performance Management (APM) with respect to our industry. He goes further to propose a new definition of AVM as applicable to the petrochemical industry and begins the conversation of AVM vs APM.


  Proposed API 581 Inspection Plan Optimization Example

by Michael Hurley, 2/4/2021

Tags: API 581 Mechanical Integrity Process Safety Management Risk Analysis Risk Based Inspection Risk Management Technology

This article deals with a proposal for a risk analysis option that allows for individual damage mechanism risk calculation. This is an example of how it can be applied and how it domonstrates value.