Shutdowns, Turnarounds and Outages (STO)

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Overview

Challenges for Shutdowns, Turnarounds and Outages (STO)

The urgency to address management challenges within Shutdowns, Turnarounds and Outages (STO) has reached a critical juncture. Industries are not only grappling with budget overruns, misalignment with strategic business goals, and a lack of historical data for effective asset management but are also facing a dire shortage of experienced resources. This scarcity of skilled personnel intensifies the need for efficient STO solutions, as organisations can no longer rely solely on manpower to overcome these hurdles. However, waiting on STO events until these issues are worked through risks significant financial losses, operational bottlenecks, and even safety compromises.

Hexagon’s EcoSys solution offers a timely and effective means to transform STO Portfolio Management: It centralises data, facilitating turnaround (TAR) planning and execution while enhancing cost control, strategic alignment, and resource optimisation.

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Key benefits of STO Portfolio Management

EcoSys processes are configured to meet the needs of STO portfolio management, providing better:

Visibility

Enterprise-wide view of your event’s costs and schedules to avoid overlap

Efficiency

Streamline the annual budgeting processes

Strategic Alignment

Early-stage estimation for STO events

Enable collaboration

Enable collaboration for greater alignment

In today's industrial landscape, effective STO management critically depends on robust asset management practices coupled with accurate planning.

However, many organisations are grappling with the complexities of 'different colors of money,’ where expenses are categorised differently across departments and projects. This disparity, coupled with the absence of historical data, often managed through fragmented homegrown spreadsheets and access databases, leaves STO event planning terribly inefficient. It creates financial strain and hampers the alignment of expenditures with overarching business goals.

Hexagon's EcoSys addresses these challenges head-on with its STO Portfolio Management solution by providing a centralised platform to harness and leverage your data. This facilitates seamless TAR planning and execution, enabling you to gain comprehensive insights, streamline expenditures, and enhance operational efficiency in STO management.

Additional highlights

Additional STO Portfolio Management Highlights

Leverage EcoSys to minimise the risk and downtime associated with STO across your enterprise:

Create and manage financial, human and equipment resource plans for STO events.
Optimise resources based on demand, progress, and performance.
Develop detailed estimates and resource plans to optimise STO scope.
Integrate with ERP systems and time and cost management systems to automatically extract and load cost, schedule and progress data.
Accurately calculate forecasts based on progress and performance and adjust remaining work plans accordingly.
Identify and manage issues, risks and changes with consistent STO management procedures with visual workflows.
View dashboards and respond to requests on any mobile device.
Automatically calculate KPIs to report performance quickly to stakeholders.

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Connect key process areas for powerful project solutions

Shutdowns, Turnaround and Outage management is just one of the essential processes in EcoSys that serve as building blocks for exceptional project and portfolio management.