September 2001

Misc

Asset management driving control spending

Comparing our '99 Advanced Control and Information Systems Handbook with this edition shows some interesting trends. Growth in "information systems" projects has been substantially greater than in mor..

Kane, L., Hydrocarbon Processing Staff

Comparing our '99 Advanced Control and Information Systems Handbook with this edition shows some interesting trends. Growth in "information systems" projects has been substantially greater than in more traditional unit advanced control projects. Why? The major reason seems to be increased interest in "asset management." Asset management encompasses a broad range of activities, but from an engineering perspective it is really failure prevention. It's not that unit or plantwide advanced controls don't provide good payout, it's just that our industry is realizing that a shutdown due to equipment failure – or even worse a safety or environmental violation that causes injury or loss of lif

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