January 2002

Misc

Asset management begins in the field

Asset management is one of the hottest topics in the HPI today. As mentioned in previous columns, it means different things to different people. But for engineers, the primary focus is..

Kane, L., Hydrocarbon Processing Staff

Asset management is one of the hottest topics in the HPI today. As mentioned in previous columns, it means different things to different people. But for engineers, the primary focus is equipment failure prevention. Thus, nearly all engineering disciplines are involved: maintenance, process, instrumentation, process control, rotating equipment, etc. Why such big interest? As also discussed before, plant management realizes that a shutdown due to equipment failure, or even much worse a safety or environmental violation that causes injury or loss of life, can wipe out several days (much more if litigation is invol

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