Our Top 7 Asset Integrity Management Insights of 2024

As we say goodbye to 2024, we’re excited to share some of our favorite highlights from the year. Whether you’re experienced in asset integrity or just starting out, this recap features must-read blog posts, engaging webinars, and a standout business case.

In this insightful webinar, experts Luiz Curado and Rowan Vaduganathan explored the use of Extreme Value Extrapolation (EVA) for calculating maximum wall loss in heat exchangers. EVA is a statistical method that helps estimate the maximum wall loss by analyzing a smaller, representative sample of wall thickness readings across an entire heat exchanger. Attendees learned about the fundamentals of EVA, how to select appropriate samples, and key strategies to avoid common pitfalls in its application. This session was designed for engineers and inspection professionals, providing valuable guidance on optimizing heat exchanger inspections to enhance efficiency and reliability. Watch the recording for expert advice and practical tips on improving your inspection practices.

In this business case, a leading North Sea upstream operator partnered with Cenosco to enhance their asset integrity management by implementing the IMS (Integrity Management System) software suite. Facing challenges such as siloed operations and issues with anomaly management and performance standard breaches, the operator adopted IMS to improve visibility, integration, and efficiency across their asset management processes. The use of IMS software helped optimize operations, advanced their digital transformation, and deepened asset integrity management. Key products used in this transformation included IMS PEI for pressure equipment integrity, IMS Civil for civil structures, and IMS PLSS for pipeline and subsea systems.

Click here to download the full case and discover how Cenosco’s IMS software can optimize your operations and improve asset integrity management.

Coming in at 5th place, we hosted a webinar on SIS (Safety Instrumented System) performance assurance. The session, led by Brian Nixon from Hexagon and Pieter Poldervaart, our in-house expert, addressed key challenges engineers face when assessing SIS barrier performance. They emphasized the importance of ensuring SIS systems are functioning as designed and how real-world plant data aligns with the Layer of Protection Analysis (LOPA) and Safety Integrity Level (SIL) calculations made during the design phase.

The webinar also covered practical strategies for achieving SIS barrier performance assurance, exploring the complexities involved and discussing the effort versus benefit of implementing such assurance on production sites. For engineers and safety professionals, it was an invaluable opportunity to gain insights into bridging the gap between design intent and operational performance, ensuring systems are compliant and operating at peak efficiency.

The 4th place is taken by this blog where we explored API 581, a critical standard for Risk-Based Inspection (RBI) that helps determine optimal inspection plans based on equipment risk. This standard calculates the Probability of Failure (POF) and Consequence of Failure (COF) to assess the risk of equipment failure, guiding inspection frequencies and priorities. The blog covered the methodologies for calculating POF, including the Generic Failure Frequency (GFF) method, and for assessing COF, using Level 1 and Level 2 approaches. With API 581, organizations can develop precise, data-driven inspection strategies, optimizing asset integrity management and reducing risks across various industries.

Click here to read the full blog and get started mastering API 581.

Coming in at third place, this blog dives into the essential elements of Reliability Centered Maintenance (RCM) and the Seven Questions that guide its implementation. We explored how RCM optimizes resource allocation and drives efficiency in industrial maintenance plans.

In the blog, we outlined the origins of RCM, from its roots in the aerospace industry to its impact across various sectors. The Seven Questions framework helps organizations ensure that maintenance strategies are both proactive and effective. Whether you’re managing assets in manufacturing, chemicals, or oil and gas, understanding these key principles can significantly reduce downtime and improve overall asset reliability.

For those looking to implement RCM effectively, we also discussed best practices, like selecting the right maintenance strategy, leveraging technology, and continuously monitoring performance. By mastering the Seven Questions of RCM, companies can make smarter maintenance decisions and reduce unexpected failures—ensuring operational resilience.

Click here to read the full blog and learn more about mastering the seven questions of RCM.

Coming in at second place, our runner-up blog was “Exploring the Difference between Safety Integrity Levels .”

This blog took a deep dive into the Safety Integrity Levels (SIL) 1 through 4, explaining the differences between each level and how they apply to safety systems in various industries. From basic safety measures in SIL 1 to the more stringent requirements of SIL 4, the post provided a clear overview of how each level contributes to risk reduction and ensures safer operations.

We also explored real-world applications, particularly in industries like oil and gas, pharmaceuticals, and manufacturing, where SIL levels are critical for preventing catastrophic events and ensuring safety standards are met.

Click here to read the full blog and learn more about how SIL levels are applied in your industry and improve your safety strategy.

Our most popular blog this year was “Bowties in Risk Management: 5 Things You Need to Know.“

The post captivated readers by showcasing how the bowtie diagram simplifies even the most complex risk scenarios. Bowtie analysis is a practical and visual tool that breaks down risks into clear elements—hazards, threats, barriers, and consequences—helping organizations better understand and manage potential accidents. Its simplicity makes it ideal for communicating safety information, allowing teams to make decisions that protect both people and assets.

Whether you’re new to risk management or refining existing strategies, this blog demonstrates how bowtie diagrams have transformed industries by offering clarity and insight. From real-world examples, like kitchen fire safety, to its role in analyzing major industrial incidents, this post is packed with valuable takeaways.

Click here to read the full blog and learn more about bowtie analysis and how it can revolutionize your approach to risk management.