Think about estimating as a new way for business success for an E&C.

This blog is the second blog in the PSC Best Practices Blog Series. Patrick explains how advanced planning technology and best practices can help 'weather the storm' of the volatile energy industry.

The infrastructure supporting manufacturing operations in bulk chemicals has become pretty robust. The plants tend to be well instrumented and monitored. Sure, there are improvements to be made but when you compare the infrastructure prevalent in continuous plants with that of batch plants, you might find a pretty substantial gap.

The value of dynamic modeling across the asset creation lifecycle.

Quick action shortens the duration of a production problem and yet few companies’ measure and track the response times of their organization.

This blog is this first of the PSC Best Practices Blog Series, it introduces the importance of planning and scheduling and how difficult it can be to come up with the best decision.

Effective KPIs and KPI hierarchies are one of 6 Keys to Improving Operational Effectiveness. A properly designed hierarchy of KPIs, aligned throughout the layers of the organization, will ensure that performance of lower level KPIs will produce corresponding improvements in the highest level KPIs.

Both EPCs and owner-operators need to look at better estimating business processes and systems. That spreadsheet approaches are a major project risk and bottleneck.

Aspen Hybrid Models combine AI and first principles to deliver a comprehensive, accurate model more quickly without requiring significant expertise. Machine learning is used to create the model, leveraging simulation or plant data while using domain knowledge, including first principles and engineering constraints to build an enriched model without the need for modeling or AI expertise.

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