Petrotechnics Launches Enterprise Solution

(Press Release)
Monday, April 30, 2012
Phil Murray, CEO at Petrotechnics

With stakeholder expectations of operational performance in hazardous industries ever increasing, operational risk management is a board level challenge. 

 
Petrotechnics today announced the launch of Proscient, its Operational Performance & Predictive Risk software platform. It provides senior management in hazardous industries the ability to reduce risk, optimize performance and drive continuous improvement across their global operations.

The biggest operational risk occurs when people interact with the plant. This interaction is the leading cause of HiPo’s, 2nd leading cause of fatalities and a significant contributing factor in process safety incidents. Organizations typically have rigorous corporate processes for process safety, occupational safety and people management, with systems and data that provide indicators and close the assurance loop. However, when thousands of people interact with the plant every day to do repair or maintenance work, there are limited or no systems and often only paper based processes.  This leaves a large gap in the assurance loop with no feedback on performance.  In this critical area organizations can only judge performance after the event, i.e. with lagging indicators and audit.

Recognizing this critical gap in operational assurance, Petrotechnics’ Proscient closes the loop in the riskiest part of operations. The system intelligently embeds corporate, regional and local policies and processes ensuring they are consistently delivered in frontline practice. This provides senior management with insight and oversight over their global frontline operations.

The system captures data as part of routine work processes such as type of work, volume of work, interaction of work and associated human factors. Common metrics can be established across operations to provide a common indicator of the operational risk associated with the work being performed. For the first time the organization has a common means of understanding the relationship between delivering performance and operational risk. This data captured is then turned into meaningful insight providing clarity and confidence to improve decision making.   

Phil Murray, chief executive officer at Petrotechnics, said; “Our new product is designed to provide senior management with the tools to not only address the way operations are set up across the enterprise, but to ensure and vastly improve upon how the work is executed on a day-to-day basis while providing the means to measure performance.  It is the ideal platform for organizations to further embed a culture of continuous improvement within their operations.” Functionality of the product includes:

 

  • An Enterprise Platform


-Connect the strategic intent of corporate policy to operational practice
-Enterprise integration capabilities with corporate IT Operations Infrastructure such as Maintenance Management Systems, Planning Systems, ERP and HSE systems
-Flexibility to ensure corporate, regional and local standards are operationalized
 

  • Dynamic tools to optimize work in time, space and risk


-Work conflict detection improves decision making
-Real time risk profiles of the plant
 

  • Operational Intelligence provides Insight, Oversight and Corporate Governance


-Common Risk and Efficiency indices for the Enterprise, Assets and Plants providing real governance over operational activity
-Optimize operations with integrated business analytics capabilities

“Our system turns data captured as a part of routine working into operational intelligence for decision makers across the organization,” said Murray.  “For the first time, operational leaders can start to understand the relationship between performance and risk and proactively manage the organization to a less risky and more optimized performance.”

 


Technology

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

Better Turbocharger Performance, Proven Tech

Engineer wisdom: Nothing is worse as the right idea at the wrong time. But with the new ECOCHARGE Two-Stage Turbocharging System MAN D&T has reached both goals.

Rotor Sail Development Gets a €2.6 Mln Boost

Norsepower Oy Ltd., the leading provider of low maintenance, software operated, and data verified auxiliary wind propulsion systems, has been selected to receive €2.

Maritime Safety

The Economics of Ship Breaking & Scrapping

Sometimes being an industry supplier offers interesting insights – your business is touched by the ups and downs of the charter market, but you are never so involved

Extreme Boat Lifts Installed in the Panama Canal

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity

Philippines: Sea Dispute Won't Shift Ties with China, U.S.

The Philippines' territorial dispute with China over the South China Sea has not caused Manila to rebalance diplomatic ties with either its ally, the United States,

Software Solutions

MN100: MarineCFO

The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Ocean Signal, AMI Marine Unveil E101V Float-Free EPIRB

Marine communications specialist Ocean Signal and VDR manufacturer AMI Marine will introduce a new float-free EPIRB with integrated voyage data recorder (VDR) memory

 
 
Maritime Careers / Shipboard Positions Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0940 sec (11 req/sec)