Case Study: Tata Steel achieves successful furnace shutdown planning with Lumivero @RISK

Tata Steel Giant Uses @RISK to Manage Furnace Shutdown

Tata Steel faced the significant challenge of executing a high-stakes, large-scale repair on its largest blast furnace in Europe, where any delay would result in major production losses. To manage the immense project and business risks, they enlisted vendor Lumivero's @RISK software through HVR Consulting Services to analyze project timescales and forecast the outage's impact on their commercial and industrial operations.

The solution involved using Lumivero's @RISK to create risk models that combined variability in activity durations with risks from a register. This analysis predicted likely outcomes and identified key areas for management focus. The project was completed in 68 days, within the aggressive 70-day target, avoiding costly production delays. Lumivero’s tools were heralded as a critical success factor, providing the clarity needed for effective planning and decision-making throughout the outage.

Tata Steel