In a recent, American trade publication called Lubes n Greases, Mike Goddu, JMJ’s Senior Partner Major Capital Projects and Co-founder was interviewed to share his insights on Turnarounds for the ‘Taming the Terror of Turnarounds’ article.
Mike shares that highly complex turnarounds incur much higher average cost overruns and schedule slips, and their performance is less predictable compared to simpler Turnarounds. With cost overruns at 30%. You can clearly see a pattern of lost revenue and opportunities by looking at the Turnaround statistics.
Mike asserts that this complexity is best met by investing in culture an leadership: People are the key to safety and performance on Turnarounds.
Read more about the challenges of Turnarounds and how organisations have implemented an integral approach to their turnarounds and exceeded their Turnaround success in this article by Lubes ‘n’ Greases.
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