Turnaround Maintenance Risk Management Strategy: A Literature Review

Duraisamy Dhanaraj and S. Saravanan

Journal of Management World, 2024, vol. 2024, issue 4, 431-439

Abstract: Turnaround maintenance (TAM) is a planned shutdown of a plant or a unit for a significant period to perform maintenance, inspection, testing, and repair activities that cannot be done during normal operation. TAM is a complex, costly, and risky project that requires careful planning, coordination, and execution. TAM risk management strategy (TAMRMS) is a systematic approach to identify, analyze, evaluate, and treat the potential risks that may affect the TAM objectives, such as safety, quality, schedule, and budget. This paper reviews the existing literature on TAMRMS and identifies the main challenges, methods, tools, and best practices. The paper also proposes a conceptual framework for TAMRMS that integrates the key elements of risk management process, stakeholder management, and knowledge management. The paper concludes with some suggestions for future research directions and implications for practitioners.

Keywords: Maintenance; Risk Management; Strategy; Turnaround Management. (search for similar items in EconPapers)
Date: 2024
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