Petrotechnics to Reduce Operational Risk in Hazardous Industries with Launch of its Enterprise Solution

 In

30 April 2012

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, optimise 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.  Organisations 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 organisations can only judge performance after the event, i.e. with lagging indicators and audit.

Recognising 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 organisation 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 organisations 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 operationalised

Dynamic tools to optimise 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
  • Optimise 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 organisation,” said Murray.  “For the first time, operational leaders can start to understand the relationship between performance and risk and proactively manage the organisation to a less risky and more optimised performance.”

For more information, visit the Petrotechnics booth, 2075, Reliant Centre, Houston, April 30 – 4, or visit www.petrotechnics.com

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