Understanding the full potential of your system will lead to opportunities in latent capability. Opportunities that are generally low cost and low risk, as they take advantage of assets you have already installed and have a history with operating.
However, understanding how to release this capability and being confident in what a system is capable of requires a range of different skills. For example how can you turn the noise of the following data into information that can be used change your business?
One technique that can be used with limited data is a Weibull plot of operating data……
I will be sharing insights on a range of techniques (including Weibull) for understanding full potential during this FREE IChemE sponsored Webinar .
Attendees will get to appreciate why understanding the Full Potential of a process as a whole is so important and techniques for analysing operations and integrated value chains. This is a critical capability for businesses wanting to understand the value of untapped potential and how it links to targeted improvement activity.