The urgency to address management challenges within Shutdowns, Turnarounds and Outages (STO) has reached a critical juncture. Industries are not only grappling with budget overruns, misalignment with strategic business goals, and a lack of historical data for effective asset management but are also facing a dire shortage of experienced resources. This scarcity of skilled personnel intensifies the need for efficient STO solutions, as organizations can no longer rely solely on manpower to overcome these hurdles. However, waiting on STO events until these issues are worked through risks significant financial losses, operational bottlenecks, and even safety compromises.
Hexagon’s EcoSys solution offers a timely and effective means to transform STO Portfolio Management: It centralizes data, facilitating TAR planning and execution while enhancing cost control, strategic alignment, and resource optimization.
Key Benefits For STO Portfolio Management
EcoSys processes are configured to meet the needs of STO portfolio management, providing better:
Visibility
Enterprise-wide view of your event’s costs and schedules to avoid overlap
Efficiency
Streamline the annual budgeting processes
Strategic Alignment
Early-stage estimation for STO events