When an industrial facility fails to meet expectations, financial loss can be crippling, and may manifest every day as lost opportunity in not performing to potential.
Even worse, when catastrophe occurs, the consequential losses can be profound, and our community’s sense of justice requires that blame be legally assigned.
It is the owner’s obligation and duty of care to take every reasonably practicable precaution to prevent failure and harm. There are palpable moral and financial imperatives to prevent industrial losses.
Flagstaff has substantial experience in industrial asset management and performance optimization. This paper, “The Loss Prevention Imperative” outlines practical strategies to achieve superior industrial performance in the continuous presence of threats to operations and to community.
The paper will be of interest to owner-operators, financiers, and insurers of large and complex industrial facilities.