Complex industrial engineering project — oil refinery, capacity 50,000 barrels/day
The client, an Eastern European refinery, had a maintenance budget of €12 million, but actual costs exceeded initial estimates by 35%. The lack of an integrated financial audit and technical risk management system led to unfounded decisions.
We implemented a capital expenditure (CAPEX) evaluation model based on international audit standards. We used a precision calculator for Monte Carlo simulations, integrating historical maintenance data with industrial engineering plans.
We developed a financial audit platform that monitors 150+ key performance indicators (KPIs) for critical equipment in real time. We optimized maintenance budgets using failure prediction algorithms, reducing downtime by 22%.
The maintenance budget decreased to €8.6 million annually, and the technical risk associated with main equipment was reduced by 40%. The final financial audit report was approved by the board within 3 months.