REGISTER NOW! August 1, 2022. FREE 1–Hour Virtual Uptime Elements Introduction

A lot of information, time and energy has been devoted recently to emerging and established practices in asset management. This interest, however, actually has a far longer history. Protocols have been undergoing continuous development and evolution for the past 50 years to keep pace with discoveries, expansion and globalization of industries. Cataclysmic events have often been the driving force for positive change because they expose serious operational and management flaws that are responsible for unmitigated risks and exposing people and the environment to harm. Over time, regulations and standards have matured not only to preempt failure, but also to define improved ways to proactively manage physical assets. Figure 1 captures the four traditional risk-based strategies for asset management.

Keep reading...Show less

​Stuart Grant

Stuart Grant is a Global Solutions Architect for Asset Management at DuPont Sustainable Solutions based in Maydown, Northern Ireland. He has 26 years of experience in operations roles, including operations, maintenance reliability and utilities. In his current role, he works with companies to design sustainable solutions that will protect and optimize their asset strategies using proven methodologies developed at DuPont, aligned with emerging best practices and new standards.
www.sustainablesolutions.dupont.com

Download Article

Upcoming Events

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology

Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy

MaximoWorld 2022 Conference Austin Texas

Connect with leading maintenance professionals, reliability leaders and asset managers from the world's best-run companies who are driving digital reinvention.

“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.