Value improving practices

Asked by ChemKB 6 years, 4 months ago | 2 Answers

What is Value improving practices or VIPS.


2 Answers

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odadmin 6 years, 4 months ago
Process simplification VIP is a rigorous process to search for opportunities to eliminate or combine process and utility system steps or equipment to reduce the capital and operating costs. However, process simplification shall not compromise with the safety and environment.

0
odadmin 6 years, 4 months ago

Value improving practices or VIPs are formal structured practice to the front end engineering stages to improve the profitability above that attained through good engineering and project management practices.

Some of the well recognize VIPs include:

  • classes of facility quality
  • technology selection
  • process simplification
  • constructability
  • optimization of standard and specifications
  • predictive maintenance
  • process reliability simulation
  • waste minimization
  • value engineering
  • design to capacity
  • energy optimization
  • review of 3D CAD drawings