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Published on: January 08, 2008
Type of content: WHITE PAPER
Format: Adobe Acrobat (.pdf) (1062 kb)
Length: 15 pages
Price: FREE

Overview:
Owner-operators are under pressure to extract greater value from assets while reducing operational and capital expenditure. The value of these assets is measured in billions of dollars, each with a daily cost and revenue stream of millions of dollars and providing hundreds of thousands of dollars of profit per day.

During its lifecycle, an asset is renovated, reconfigured, extended and eventually decommissioned to meet changing business demands or external regulatory requirements. Owner-operators must update and share information for the life of the asset. Effective operation of a facility is impossible without accurate up-to-date health and safety documents, maintenance manuals, SOPs, and as-built design documents, meaning that asset documentation plays a key role in the ongoing operation of facilities.

It is vitally important that the technical documentation used for these purposes be controlled so that it complies with any necessary industry regulations and is reliable and accurate for mission critical situations. Any downtime can be very expensive to the asset owner-operator, and likewise anything that can be done to accelerate the commissioning of an asset can be a very lucrative proposition.

In this whitepaper, we will discuss best practices for assuring the integrity of your asset documentation. What this means is that, in addition to making asset documentation readily available, you must also guarantee that it is accurate, relevant and compliant.