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Value improving practices

asked May 21, 2015 in Engineering by ChemKB (8,210 points)
What is Value improving practices or VIPS.

2 Answers

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answered May 21, 2015 by odadmin (21,030 points) | selected May 21, 2015 by odadmin
 
Best answer

Value improving practices or VIPs are formal structured practice to the front end engineering stages to improve the profitability above that attained through good engineering and project management practices.

Some of the well recognize VIPs include:

  • classes of facility quality
  • technology selection
  • process simplification
  • constructability
  • optimization of standard and specifications
  • predictive maintenance
  • process reliability simulation
  • waste minimization
  • value engineering
  • design to capacity
  • energy optimization
  • review of 3D CAD drawings
commented May 21, 2015 by ChemKB (8,210 points)
Thanks for the quick answer. Can you elaborate the process simplification VIP?
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answered May 21, 2015 by odadmin (21,030 points)
Process simplification VIP is a rigorous process to search for opportunities to eliminate or combine process and utility system steps or equipment to reduce the capital and operating costs. However, process simplification shall not compromise with the safety and environment.
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