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Becht Engineering Blog

In this section of the site contributing authors submit interesting articles relating to the various services, industries and research & development efforts of Becht Engineering.

Due Diligence - Making Rapid, Accurate Judgements

kidnapped_by_business_team
or  " Kidnapped By My Own Business Team" A number of years ago I worked closely with an Operating Company Business Team and Mergers and Acquisitions group performing due diligence assessments. I often led these assessments and my input on reliability, maintenance, mechanical integrity and inspection was incorporated into a multi discipline team of legal, environmental, finance and operational experts. These assessments could be as long as six weeks to thoroughly evaluate an asset. The adventure I am about to describe was a lot different. My boss called me and asked me to come to his office right away. This was quite unusual for him unless my number came up for a random drug test. I went to his office immediately, closed the door and we started our meeting. He said, “ I need you to be in front of the corporate office at 6 AM tomorrow. Hopefully you will return...
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All That Glitters Is Not Gold - Due Diligence Can Define The True Value

pot_of_gold_rainbow
A few years ago I conducted what might be the world's cheapest, fastest and most cost effective due diligence study ever done. This study took one hour and cost the client about $500.  I was approached by two new members of a well-recognized financial institution. They were assigned to evaluate opportunities to capture low cost natural gas. They had discovered an ammonia plant for sale in an intensely agricultural region in the Midwest-US. Considering feedstock cost, proximity to market and asking price for the plant, they thought this was a gold mine.  Their superiors had some concern about the enormous enthusiasm of these new employees and asked them to evaluate the condition of the asset to determine if it would perform at reasonable rates with acceptable mechanical availability. That is when they reached out to me. A call was scheduled and they explained the situation and “golden” opportunity. They we indeed...
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Making Bad Actor Elimination Programs Work

bad_actor_removal-Becht
This is the first in a series of Blogs on improving plant reliability programs through improvements in culture, programs and equipment performance.  This Blog focuses on Bad Actor Elimination . The second part in this series is titled Reliability Beliefs - Driving Organizational Accountability (click) Most plants have many pieces of equipment that are chronic problems.  In some operations machinery can be the leading cause of outage while in others solids handling equipment, aggressive corrosion, erosion of parts or power failures are the issue.  Problems can also be traced back to lack of procedures, poor employee morale or lack of training.  These problems impact profitability due to frequency of outage, cost of repairs and cost of lost production.    ...studies have shown the cost of unplanned and emergency work is about four times the cost of planned work... Many studies have shown the cost of unplanned and emergency work is about...
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