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May 23, 2024 · Accounting and Finance, Legal Principles, and Management Exam Bundle. Kick-start your journey toward the Certified Turnaround Analyst (CTA) or Certified Turnaround Professional (CTP) credential. This bundle includes all three Certification Exam registrations. View More Info.
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- Create A 10-Year Turnaround Maintenance Schedule
- Sync with The Budget Approval Process
- Ensure A Rigorous Post Turnaround Maintenance Closeout Process
- Implement Rigorous Stage Gates
- Introduce A Champion - Challenger Process
- Ensure A Dedicated Turnaround Maintenance Manager and Properly Resourced Teams
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Create and maintain a 10-year, all-plant turnaround maintenance schedule to optimize planning at both the individual facility and portfolio levels. Plants are long-term assets, designed to operate for 10, 20, 30 years. As such, their predictable cycles of investment and deterioration don’t mesh easily with companies’ typical 2 to 5-year planning ho...
Modify budget approval to ensure the budgetary estimate is secured at least one year before the actual turnaround maintenance dates based on a 10-year turnaround maintenance schedule. Where budgets are normally approved for expenses incurred in the following year, this timeframe is too short for turnaround maintenance, resulting in procurement dela...
Enhance the post turnaround maintenance process for a smooth closeout, and in preparation for the next turnaround maintenance. Companies frequently skimp on their post turnaround maintenance analyses and activities. Instead, we recommend a structured process at three key points in time, before restarting the plant; within 15 to 30 days of the resta...
Introduce a rigorous stage-gate scope challenge process or strengthen the current one. This high-impact improvement addresses a host of scope-related issues. We recommend a clear stage-gate decision process, with a transparent process flow and criteria, like the one followed by a global player in the rubber and polymers industry. Approximately 12 m...
Formalize champion and challenger roles, perhaps involving external third-party experts, to increase rigor in the turnaround maintenance planning and scope challenge processes. Scope challenge must be deployed before scope freeze, to ensure that the jobs included are both comprehensive and sharply turnaround maintenance focused, and then post-freez...
Optimize the turnaround maintenance organizational structure, roles, and people. Turnaround maintenance organization structure aims to solve two problems. First, it must drive focus and accountability on a case-by-case basis within a multi-plant company, with appropriate load balancing. Second, it should align the turnaround maintenance hierarchy w...
Learn how to improve efficiency, effectiveness, and reliability in turnaround maintenance (TAM) planning and execution. This paper offers ten practical solutions based on client experience and industry benchmarking.
Turnaround management is the process of transforming a declining organization into a profitable firm by reorganizing its leadership, processes, and finances. This process is markedly different from other management approaches that focus on boosting sales, cutting costs, or managing during a crisis.
Turnaround management is a process dedicated to corporate renewal. It uses analysis and planning to save troubled companies and return them to solvency, and to identify the reasons for failing performance in the market, and rectify them.
Jun 24, 2022 · Learn what turnaround management is and how to apply it in your workplace. Find out the five steps of the process, from defining the issue to reviewing the plan, and get tips on how to use it effectively.
BCG helps companies facing strategic, profit, or liquidity crises to orchestrate a business turnaround with rapid and sustainable impact. Learn about BCG's approach, team, and client success stories in turnaround management.
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related to: turnaround managementStreamline Your Meeting and Meeting Management Process. Request pricing available. Scalable and meeting management solution tailored to your needs. Customized pricing
EY Helps Clients Prepare Proposals, Obtain Stakeholder Support & Execute Turnarounds. Contact Us for Support Through These Volatile and Uncertain Times.
monday.com has been visited by 100K+ users in the past month
Improve Your Productivity & Time Management & Achieve More in Less Time Today. Try It Now. Increase Productivity & Reduce Cost. Automate Repetitive Tasks. Manage Your Work Better.
