Turnaround outcomes are impacted by numerous factors of varying degree of controllability. Based on quantitative data collected from recent turnarounds, this paper examines and presents the drivers (“Leading Indicators”) of turnaround performance and quantifies their effect on turnaround outcomes. The paper introduces turnaround risk and readiness indices (“TRI”) and their relationship to turnaround outcomes, and the concept of a standardized turnaround scope index. Finally, benchmarks of best turnaround practices are shared.
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