Turnaround Facts
Industry Performance Results
- Over 90% of turnarounds failed to meet company's business and turnaround goals.
- Eight out of ten turnarounds experienced cost overruns of 10 - 40 %.
- Half of the turnarounds suffer from schedule slippages.
- Almost nine out of ten turnarounds reported work scope growth of 10 - 50%.
- Most turnarounds were impacted by shortages of qualified staff and crafts.
- Three out of four times the schedules were abandoned in the first week of turnaround.
- Most of the turnaround staff reported stress and organisational conflicts as their biggest personal concerns.
- 90% of post-turnaround critique report recommendations are never implemented.
Turnaround Capabilities Benchmarking Results