Today’s fast-accelerating technological evolution, “The Industrial Internet of Things,” has changed the business of manufacturing. Investment in safety systems is critical in any digital transformation, as companies that don’t upgrade the legacy safety system are putting themselves at risk of going out of business. After all, it’s not always possible to restart operations after an outage. Continue reading to learn about three steps to modernizing emergency shutdown systems.
The Funding Approach
There are typically two options when considering funding requests for security system upgrades- requesting funding for the full project, or requesting funding for a Front-End Loading (FEL) study. Requesting funding for the full project secures the budget and makes it less likely to lose the budget to competing projects, but it is more difficult to approve. Requesting FEL funding is often a better approach, as it requires much less initial funds and is easier to gain approval.
Regardless of the approach to the funding you decide to use, an essential success factor is to define what success looks like for your business. Building an effective business justification and winning the approval to secure money and resources successfully is the next important step for modernizing emergency shutdowns. It’s critical to involve the stakeholders in developing the business case for the safety system upgrade. It is always worth it to spend time with various parts of the organization who encounter the safety system to understand everyone’s challenges. Their input will result in a more impactful and successful project as you can alleviate specific issues.
Best Time to Upgrade
The last step to modernizing emergency shutdown systems is to decide on the best time to upgrade. When it comes to legacy safety systems, it’s vital to invest in preventative maintenance and upgrades before any issues occur. However, due to tight budgets and limited resources, it is difficult to get the funding to upgrade systems when it appears that everything is working properly. To help identify the best time to upgrade, you must consider a variety of factors, including reliability, the total cost of ownership, downtime, access to equipment, support costs, cybersecurity, staff experience and more. There are essentially only two options to make- sit and wait until something bad happens, or be proactive and develop a plan! Being proactive and creating a comprehensive lifecycle plan significantly lowers the risk of failure.
CONTACT CRITICAL SYSTEMS TODAY!
At Critical Systems, the people come first, from our employees to our customers. We strive to attract and develop the best talent in the business. Our goal is to deliver innovative solutions for the purpose of making every building secure, efficient, and effectively managed. Serving the Washington D.C., Northern Virginia, and Baltimore regions, SEBCSI provides innovative solutions for your commercial building or facility. Visit our website and follow us on Facebook, Twitter, Instagram, and LinkedIn today! If you’re looking for more information or interested in working with us on your next project, please contact us!