Turnaround Maintenance Risk Management Strategy: A Literature Review

Duraisamy Dhanaraj and S. Saravanan

Journal of Management World, 2024, vol. 2024, issue 4, 720-728

Abstract: TAM (Turnaround Maintenance) refers to activities scheduled at extended intervals during which a facility or integral section is completely closed with the aim of carrying out the activities of maintenance, inspection, testing, and repairs of activities that cannot be conducted in the day to day running of the facility. TAM can be an intricate, expensive, and hazardous undertaking which demands meticulous planning, coordination and execution. In layman’s language, a TAM risk management strategy (TAMRMS) refers to a comprehensive process designed to manage potential risks which may compromise the key objectives of the TAM which includes among others safety, quality, schedule and budget. This paper examines the extent in which existing literature addresses TAM-RMS, outlines problems and points to methods, tools and practices that can be beneficial. It also introduces a model for developing TAMRMS that should fit with the general risk management, stakeholder management and knowledge management processes. Finally, it concludes the discussion of this model by recommending some areas for further studies and practices for professional use.

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