The $400,000 Isolation Switch: Why "Wishful Thinking" is the Most Expensive Part of Your Shutdown Wishful thinking in investments There are many indicators for investment feasibility: IRR, NPV, free cashflow, etc. These are all taken into account when making ...
When entering the shutdown, one of the first things is to lock- and tag out the equipment where the activities are about to happen. Companies have used endless amounts of hours to create LOTO procedures that ensure the safety of the people working with the equipment....
Shutdown’s impact to companies revenue and profits in two ways; directly and indirectly. Direct costs are: Materials required Additional labor required conducting planned tasks Crane-, scaffolding-, special tools rentals and other services Mobilization and...
