Calculating the Value Contribution
Register
Nothing is scheduled at this time.
Request more information about when this course will be scheduled or inquire about our on-site training.
Overview
How does your mechanical integrity program help your company achieve your corporate goals for dividends and profits? The answer is to achieve the required return on net assets (RONA).
Topics
- What is RONA and how is it calculated?
- How does RONA translate into Net Income?
- How does your total asset value and working capital translate into achieving your contribution to RONA?
-
What is Asset Utilization (AU) and how does it translate into your
- maintenance strategies,
- Operational Strategies, and
- Acceptable Risk Strategy?
-
How do your KPIs measure your ability to achieve these goals and more specifically:
- The need to meet your Fixed Asset Strategy inspection due dates and confidence levels,
- OEE for your rotating equipment, and
- Instruments and Controls target percentage of spurious trips?
Related Services
Innovative technology that allows quick, efficient extraction of data into a knowledge-centric world
An interdependent assessment of your people, process, and technologies for a confident path forward
Asset Integrity Management for all asset families - Rotating, Electrical, Instrumentation, and Fixed Assets
Related Tools
Create mechanical integrity (MI) program value rather than it being seen as a necessary cost to minimize.
Related Training
Asset Integrity Management - how you perform at the plant level affects those goals set at the board room
Developing the value proposition and business case for an RBI program
How does one of the largest chemical manufacturers measure the value of their RBI program?
Related Knowledge
Easter reflection on applying the Christian values, care, accountability, and integrity to plant operations by fostering a “brother’s keeper” culture through leadership, safety systems, and shared responsibility.
A formal acceptable risk policy standardizes risk tolerance, assigns decision authority by risk level, and requires escalating approvals for higher risk, improving consistency, transparency, and resource prioritization while preventing unmanaged risk exposure.
Unified framework integrating MI, RCM, PHA, and SIL/SIS into one risk-based system using a common matrix, shared failure modes, and closed-loop feedback to align actions, prioritize resources, and ensure consistent, real-world risk reduction.
Safety-first organizations consistently outperform on reliability when priorities are truly enforced, not just stated.
Don’t let your RBI program become a "paperwork exercise." Learn how to distinguish between a qualified technical partner and a software-only contractor to ensure true operational safety.
What does a strong refining culture actually look like in practice? Explore seven key attributes, from technical authority to management presence, that transform culture into a powerful risk-control system.
How AOC's new AI solution cuts data collection time for Risk-Based Inspection (RBI) projects by automatically extracting and normalizing data from historical engineering documents, achieving very high accuracy and reducing costs.
Budget tight? Some Risk-Based Inspection (RBI) risks are too critical to delay. Learn the top 3 RBI risks that can't wait for a budget rebound.
Rate reduction on new projects to support the industry during the current extended downturn.
Practical guide for implementing a Mechanical Integrity and RBI program for U.S. oil and gas wellfield, gathering, and midstream facilities. Aligns lifecycle asset management, inspection, and risk control with API standards, PHMSA pipeline rules, and OSHA PSM requirements.
Asset Optimization is the authority on asset integrity solutions that align your people, process, and technology with unmatched returns across your enterprise.
About AOC
Consulting Activities
Contact Us
United States
16000 Barkers Point LaneSuite 105
Houston, TX 77079
Phone: +1 (281) 909-7333
Email: info@aoccorp.com
Europe
CATCH Facility,Redwood Park Estate,
Stallingborough,
Grimsby, North East Lincolnshire,
DN41 8TH, United Kingdom
Phone: 00 44 (0) 1469 552875
Copyright © 2024 Asset Optimization Consultants, Inc. All Rights Reserved.
Webinar Inquiry
For more information about this course or to inquire about a customized version of this course hosted in-house at our Houston, Texas location or on-site at a location convenient to you, please complete the form below.