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Reducing Risk With Aspen Fidelis Reliability™: a Competitive Advantage for EPCs

Reducing Risk With Aspen Fidelis Reliability™: a Competitive Advantage for EPCs

Why It’s Not Just for Owner-Operators

Admittedly, the benefits for owner-operators are huge, but Aspen Fidelis Reliability can also be a major differentiator for the engineering, procurement and construction (EPC) firm. 

 

Fidelis has been used for over a decade to help reduce project risk and cost, as well as to generate new revenue streams. Risk analysis is generally performed in the later stages of design to prove that the plant will deliver what it’s supposed to. However, some clever practitioners are now employing it much earlier to speed up decision-making and lock in superior design choices when they really matter — at the beginning of the project.

 

When it comes down to it, designing and engineering a new process plant or upgrade is essentially a series of decisions. These decisions, grounded in the objectives of your clients, are made based on tradeoffs between cost and the ability of the plant to deliver on the objectives: throughput, quality, uptime and safety.

 

Careful evaluation of these tradeoffs and decisions fundamentally determines whether the project will succeed, meet its objectives and result in satisfied customers. But considering so many alternatives, tradeoffs and decisions can also be time-consuming and fraught with risk. What’s needed is a way to move through these decisions quickly, keeping the project on track, with the confidence to know that the design will meet its objectives.

 

Aspen Fidelis Reliability provides the solution to each of these important challenges, using a system approach to reliability. Fidelis allows you to quantify the true value or cost of any design or improvement project, maintenance change, operations improvement or supply chain constraint. With this solution, we can bring a unique set of benefits to your customers — and your bottom line. And the benefits don’t stop with initial commissioning and start-up; Fidelis can be used throughout the lifecycle of an asset.

 

During the design phase of any project (greenfield or brownfield upgrades), you can utilize Fidelis as a design aid to ensure that the right decisions are made from the beginning.  In addition, by using Fidelis to model the design requirements, your firm can minimize CAPEX while abating the risk associated with process guarantees. Model-based decision making can also help minimize disruptions to the project schedule and budget.

 

After the plant design phase, Fidelis can be carried forward into operations. During this phase, customers need continuing optimization, debottlenecking and ongoing spares decisions. Fidelis can be used throughout the entire lifecycle to maximize production, minimize risk, create new revenue streams and build longer, stronger relationships with your customers.

 

 

 

The engineering, procurement and construction business has become highly competitive, and in some ways engineering services are now being commoditized. To rise above the competition, firms need to find new ways to differentiate themselves and add more value for their customers — Fidelis addresses both of those issues.

 

 

To learn more about the differences Fidelis can make, download our in-depth white paper on this topic.

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