Cold Eyes Review & Audit Support
A Cold Eyes Review is widely used in business, engineering, and other fields to identify potential risks, issues, or inefficiencies in a project or process. Its goal is to provide constructive feedback and recommendations for improvement based on an unbiased analysis. These reviews can be conducted at various stages, such as planning, design, or implementation, and can also assess ongoing operations or evaluate the effectiveness of previous corrective actions.
Overall, a Cold Eyes Review provides valuable insights and recommendations for improving the quality, safety, and efficiency of a project or process.
Advantages of Cold Eyes Reviews
Unlike traditional internal audits or assessment processes, Cold Eyes Reviews are conducted by independent and unbiased professionals, ensuring a more objective evaluation. Compliance can be assessed based on client-specific requirements, including:
1. Governing Industry Standards
- Standards, specifications, and recommended practices (ISO, API, ASME, etc.) relevant to the specific scope of operations or facilities under review.
2. Local & Regional Regulatory Standards
- Local rules, regulations, and codes of practice for the specific scope of operations or facilities chosen for review.
3. Client Management Systems
- Assessment of formally written procedures and activity work instructions (controlled or uncontrolled) for the specific operations or facilities.
4. Asset and Equipment Management
- Evaluation per internal PMS (Preventative Maintenance Systems), CMMS (Computerized Maintenance Management Systems), and OEM (Original Equipment Manufacturer) recommendations.
- Reviews include stocking and procurement processes for critical spares and consumables.
- Note: Asset integrity and procurement processes have been significantly impacted by cost control measures and the COVID era, making gap analyses and Cold Eyes Reviews critical to avoiding catastrophic events and costly non-productive time (NPT).
5. Major Gate Process Elements
- Assessment of critical project elements, including:
- Scoping
- Business Case Development
- Basis of Design
- Peer Review
- Risk Assessment
- Validation and Testing
Reporting and Benefits
Cold Eyes Review reporting is unbiased and compliance-specific, addressing the actual requirements outlined in governing standards. Unlike internal assessments, which may allow latitude for logical reasons, Cold Eyes Reviews deliver a thorough analysis of full compliance to identify opportunities for improvement.
Key Features of VDIS Cold Eyes Review Reports:
- Unbiased and concise reporting of non-conformities for management discretion.
- Includes both negative (non-compliance) and positive observations, offering a balanced overview.
- Ideal preparation for critical internal audits or certification renewals (ISO 9001/45001/API Q1/Q2, etc.).
VDIS with its Team of Senior Consultants Provide
- Conduct audits and reviews of the company's asset management policies, procedures, and controls to ensure compliance with industry standards and regulations.
- Identifying risks associated with the company's asset management activities and developing appropriate risk mitigation strategies.
- Analyzing asset management data to identify trends, issues, and opportunities for improvement.
- Developing and maintaining a quality assurance program to ensure that the company's asset management processes are continuously monitored and improved
- Collaborating with other departments and stakeholders to identify areas for improvement and implement changes to the asset management process.
- Collaborating with other departments and stakeholders to identify areas for improvement and implement changes to the asset management process.
- Developing and delivering training programs to educate employees on asset management policies, procedures, and controls.
- Develop reports and presentations to communicate audit findings, risks, and recommendations to senior management and other stakeholders.