Please use your business email address if applicable

Visite nuestro sitio en Español

More Videos From Asset Management

Asset Management and Reliability Leadership from the Bottom Up

The goal of this is to show that anyone can be a leader for reliability and for asset management and it doesn't have to be 100% dictated from the top. It can be a ground up effort and it is a marathon that's never quite finished.

Asset Management

Launching Comprehensive Asset Management at San Jose Water

In this session, SJW will present on its progress, successes, and challenges of various aspects of its asset management journey. Topics discussed will include the development and implementation of its asset management policy and overall strategy, levels of service metrics, risk framework, and sophisticated pipeline and valve criticality analyses.

Asset Management

Back to the Future: Challenges in Developing the 21st Century Workforce

TRC-2018 Keynote Speaker - 31:51

by Stan Shoun, Ranken Technical College

#1 barrier to most industry growth globally is fielding a stable, trained workforce, especially in the technical areas. This presentation will highlight the challenges facing businesses and industries in recruiting, training and retaining the 21st-century workforce. Discussion will center on several areas such as demographics, preparing the emerging workforce and the effects of the dynamics of emerging technologies. It will also present some very unique educational/industry partnerships to overcome some of the challenges.

Asset Management

Four Ways to Better Manage Small Capital Projects

IMC-2017 Learning Session 38:32
by Bill Wasilewski, Day & Zimmermann

Most manufacturing companies focus considerable planning and management attention on the largest projects in their capital portfolios. This makes logical sense since the dollars at stake and the associated risks are large and highly visible. Getting these projects funded and executed on time and within budget is often subject to both corporate and public scrutiny.

Projects under $10 million typically garner less attention, since the numbers are smaller and the stakes are lower. However, there is mounting evidence that the cumulative cost of small to mid-sized capital projects can be significant. A recent report from McKinsey found that in the chemical industry, small capital projects (those defined as less than $50 million and often less than $10 million) actually make up 80% of all capital projects by number and 50% of spending value. When cost overruns or delays occur on multiple small projects, companies see potentially serious negative impacts on their bottom line, most significantly through unplanned production interruptions and/or delays in getting new product to market. The numbers indicate a need for manufacturing plants to purposefully invest in overall capital portfolio management, with added scrutiny on the management of smaller capital projects. But doing so is not as simple as copying the processes and procedures that make larger capital projects successful. That’s neither practical nor cost effective. Instead, companies need a fit-for-purpose framework for managing smaller capital projects that considers how they are different and what makes them run smoothly. Below are four concepts for consideration.

Collaboration first
Be real about risks
Choose the right project partners
Review and recalibrate regularly

Asset Management

Introduction to Statistical Methods in Reliability

TRC-2018 Learning Zone 45:07
by Wekianos Hailu, Clark County Water Reclamation District

Statistical methods are one of the most important tools in Reliability. Availability and Failures of parts, machinery, and equipment follow certain statistical distributions and it is through a solid understanding of the nature of such distribution that a sound predictive analysis can be made. The analyses results can then be put to use as Decision Support. Specific uses include Design for Reliability, various activities in MRO, Maintenance Strategies as in optimizing Predictive, Preventive and Reactive Maintenance. The presentation will cover the basics of statics and statistical distributions followed by the concepts of Reliability, Unreliability, MTTF/MTBF, Failure Rate and Estimation of Remaining Service Life and other related concepts. The Exponential Distribution and the Weibull Probability Plot will be used in explaining these concepts. Furthermore, worked examples, some of which that are based on real experience will be presented to assist easy grasp of the fundamentals underlying the process. Also presented are the basics of Reliability Blocks for systems with redundancy and standby systems.

Asset Management

Reliability Improvement and Optimization: Achieving to Manage Depreciation & Wear in Assets

TRC-2018 Learning Zone 38:56
by Pedro Portillo and Gerardo Lara, Goldcorp

Peñasquito Mine, Goldcorp Asset, Ranking First for Gold Extraction in Mexico with 8 years of Operation, Managing 400 assets for Operational Continuity.

Development of a department for management of maintenance and assets.
RELIABILITY- Structure & Monitoring of KPI´S
CONMON: Activities Development
LUBRICATION SYSTEM - Management Activities
ACHIEVEMENTS
FOLLOW-UP DEVELOPMENT
NEXT STEPS

Asset Management

An Objective Driven Approach to Asset Management

TRC-2018 Learning Zone 41:45
by Anthony Honaker, Cohesive Solutions

The international standard on asset management, ISO 55000, describes the benefit of asset management as enabling organizations to realize value from the use of assets in the achievement of their organizational objectives. What constitutes value will depend on these objectives, the nature, and purpose of the organization, and the needs and expectations of its stakeholders. This presentation will discuss performing asset management and realizing value from assets and asset management systems via an objective-driven approach.

Asset Management

The Antidote for “Implementation Failure” in the World of Asset Management

TRC-2018 Learning Zone 37:34
by Nancy Regan, The Force

There’s a lot of focus today (and rightfully so) on developing a “Reliability Culture.” More and more technological advancements promising significant benefits are emerging. But articles written by leading practitioners continue to abound detailing that up to 70% of organizations fail to effectively implement the results of reliability improvement methods. Many reasons for failure are offered. But, if you ask me, there’s one “root cause.” Anyone who has anything to do with Asset Management, at any level of responsibility should know the answer to about a half dozen questions without hesitation. I’m giving you one minute to answer three of them. No pondering. No Googling. Go!

In complex equipment, roughly what percentage of Failure Modes occur randomly?
What governs how often a Condition Based Maintenance task is performed?
Is it possible to manage random failure? If yes, how?

If you couldn’t answer all of these questions without hesitation, don’t feel badly. You’re not alone. The answers were quite literally given to us nearly 50 years ago through a tough lesson learned by the commercial airline industry. But for many, the answers remain buried.And therein lies the “root cause” for chronic implementation failure. I’m convinced that if every team member, from artisans to executives, had this foundational knowledge, implementation efforts would become a whole lot easier and a lot more successful. Why? Because the basic principles of equipment failure and maintenance pervade just about every asset management solution out there. Need better buy-in? More management support? Start with the fundamentals and don’t leave anyone out. When people know better, they do better. This presentation details how implementation of asset management strategies can be vastly improved by establishing a bedrock of fundamental knowledge across a team before any reliability improvement process is ever initiated. And it will provide the steps on how to do it.

Asset Management

Data Without Context Is Dangerous

TRC-2018 Learning Zone 43:48
by Aaron Beazley and Scotty McLean, Bentley Systems

Data without context is dangerous and puts the organization at risk. Yet our assets and data are always changing. Change can be predictable or unexpected, manageable or catastrophic, beneficial or disastrous, significant or inconsequential, inevitable or avoidable. Whether normal wear and tear on components, systems or facilities necessitating maintenance, modifications or replacement; failure of systems, human error or accidents, or proactive changes to benefit the operation; all change needs to tracked and managed so that you can mitigate risk. Learn why the requirement of configuration and change management is essential in today’s complex asset and data environment and what you can do about it today to prepare your organization for significantly increased data management needs. Change management is not an event, it is a process that needs to be supported.

Asset Management

Integration of IoT at Utilities to Achieve Reliable Total Cost of Ownership as Part of ISO 55000

TRC-2018 Learning Zone 33:41
by Laith Alfaqih, Stantec

Total cost of ownership (TCO), also known as TOTEX, is the expected total financial commitment by the organization towards the asset. It considers the full economic consequences of dollars invested to meet a service level at a specified level of risk. Through TOTEX, every part of the assets’ life cycle (planning, design, construction, implementation, commissioning, operation, maintenance, decommissioning, and reuse/recycle) is part of the analysis. Internet of Things (IoT) is becoming an integral part of utilities daily operations and management. It is assisting technicians, engineers, and managers in making reliable and robust decisions about the assets. These assets are providing and exchanging data continuously about their condition and receiving data from other assets to make sure that all of the assets are synched and operating as one unit. Additionally, these assets have internal decision making processes, where majority of the time won’t need any external engagement. IoT has a significant impact on the organization’s assets’ TOTEX. Having the ability to collect, distribute, exchange, receive, process, and decide would reduce the operations and maintenance cost that is related to the asset. The technicians’ activities would become more proactive and geared towards optimizing the system to achieve the highest output. On the other hand it will provide the engineers with diagnostic reports about its operating environment and output, which will assist in the design and selection of assets. Also it will assist in identifying the critical spare parts that are required for that operation environment. This presentation will detail and provide a roadmap and best practices for asset managers to integrate IoT within their system to achieve the lowest TOTEX and highest outcome as part of their ISO 55000 implementation. Objectives

Connectivity between internet of things and total cost of ownership through ISO 55000
Utilize internet of things to develop reliable total cost of ownership
Introduce best practices to integrate internet of things with total cost of ownership

asset management

IIoT Creates a New Context of Reliability for Transit Asset Management

IMC-2017 Learning Session - 47:57
by John Murphy, Reliabilityweb.com.

This presentation delivers a foundational understanding of how the Industrial Internet of Things creates a new context for reliability and asset performance for transit operations.

Asset Management

Cincinnati MSDGC AM Performance System Delivers Results thru Efficiency, Reliability and Compliance

IMC-2017 Focused Forum - 46:17
by John Shinn and Eric Stevens, Metropolitan Sewer District of Greater Cincinnati

This case study by the Metropolitan Sewer District of Greater Cincinnati’s Wastewater Treatment Division (MSDGC) shows how MSDGC achieved significant Uptime Magazine 2013 and 2014 award winning results through implementing a performance system to manage physical assets efficiently within the operations and maintenance phase of the asset lifecycle. MSDGC’s asset performance system is based on an industry best practice asset management framework called the Uptime elements, shown in the figure below. The Uptime Elements framework provides a reference for best practice assessment, improvement planning and auditing. MSDGC continuously uses the Uptime framework to focus a dynamic leadership culture on improving and sustaining the business systems used to manage resources, asset reliability and lifecycle cost.

The framework includes asset management best-practices and systems, including condition based maintenance, PM Optimization (PMO), risk-based reliability centered maintenance, and advanced planning and scheduling. Continuous improvement of the management system is supported by a rolling 5-year master planning process that documents ongoing and future activities and budgets. Key performance indicators and sub-measures of performance link day to day operations to strategic objectives identified within the framework, shown in the figure below.

Asset Management

Asset Configuration Management - Why It Matters

IMC-2017 Focused Forum - 43:22
by Alan Kiraly, Bentley Systems and Jesse Rothkopf, Life Cycle Engineering

As the 2018 deadline to implement Positive Train Control (PTC) nears, the ability to know exactly what and where your assets are, how they have changed over time, what condition and remaining life they have and how they are currently performing becomes an even more fundamental competency for any rail organization. Asset information and configuration management needs to be an essential part of your asset management system.

In addition to preparing for PTC, your public transit organization faces numerous challenges including increased safety targets, stricter regulatory compliance, aging infrastructure, limited financial resources, and the growing amount of data stemming from IOT enabled systems. Understand the roadmap to deploying a fail-safe configuration management system that ensures mandated compliance while giving your organization the additional benefits of information integrity as well as a closed-loop change management process that provides consistency between all aspects of operational information and the requirements related to the asset being described.

Asset Management

Asset Performance Management in the Digital Enterprise

IMC-2017 Focused Forum - 39:45
by Paula Hollywood, ARC Advisory Group

A digital enterprise relies on technology to bring about organizational change and drive efficiency and productivity to achieve competitive advantage. Digital technology drives how the enterprise operates, produces value, and generates revenue as well as make it more agile and responsive. One such technology, advanced analytics, enable industrial organizations to implement new, more effective maintenance strategies and improve on-time shipments, increase revenue, improve customer satisfaction, and ensure product quality. The digital enterprise is an opportunity to leapfrog to newer technology, but the challenge is to get the various platforms and applications to be interoperable because in the end, success is dependent upon execution.

Asset Management

Gwinnett County Water Resources - Maintenance, Operations, and Reliability Excellence Journey

IMC-2017 Focused Forum - 46:47
by Clinton Davis and Charles Roberts, Gwinnett County Department of Water Resources

Over the last four years, GCDWR Facility Operations has been implementing maintenance, operations, reliability, and asset management best practices in support of protecting public health and their Mission: To provide superior water services at an excellent value. In this presentation GCDWR will share their drivers for change and progress updates for best practice implementations to include: Preventative Maintenance Optimization, Reliability Centered Maintenance 2, Asset Criticality Analysis, Lubrication Best Practices, Precision and Predictive Maintenance, Skills Training, Staff Engagement and Empowerment, and others. Additionally, they share the results of their previous and most recent Asset Management Best Practice Assessments results conducted by outside experts and lessons learned.

Asset Management

Beyond State of Good Repair: Should We Be Looking to Go Further?

IMC-2017 Focused Forum - 34:09
by David Armstrong and Travis Ritter, Bentley Systems

Watch this presentation for a critical and timely discussion on State of Good Repair as a catalyst to improve your asset management future.

Asset Management

How to Roadmap Your Asset Management Plan for ISO 55000 Compliance

IMC-2017 Focused Forum - 43:35
by Marc Yarlott, Veolia North America and Kimberley Herrala, Oracle

Implementing Asset Management industry standards, such as ISO 55000, has become a popular target to aim for because it provides a great framework. However, developing an ISO 55000 compliant asset management policy for your organization and growing your Computerized Maintenance Management System to move into compliance can be a challenge. In 2015 Veolia adopted ISO 55000 as the Asset Management framework and this presentation will share the journey towards compliance. Learning take objectives:

Asset registry and organization is the foundation
Optimizing the Workflow matters, make the right thing to do the easy thing to do
Auditing and feedback keep the program on track

Asset Management

Leveraging the IIoT by Monitoring Critical Machinery and Bearing Fault Detection

IMC-2017 Focused Forum - 39:31
by Craig Truempi and Dan Yarmoluk, ATEK Technologies

The Internet of Things has become an abstract discussion of billions of connected devices and information streaming to make data-driven decisions. Broadly speaking, this topic is how to transform your business through an efficiency analysis, increasing the level of automation, potentially adding another revenue stream or new business model to personalized or customized products and services. An IoT enabled solution in connected manufacturing includes connectivity, intelligence, pattern analysis and ultimately, predictability. Predictive maintenance should be seen as predictive algorithms to extend the life of the machine akin to a doctor-patient relationship and lifetime extension. In assessing a patient, we have to look at the holistic view of health as we would with IoT, the true value will lie in an integrated end-to-end on the manufacturing floor and each connected component has a incremental IoT value. IoT or connected manufacturing is literally "connecting" Operational Technology (OT) and Informational Technology (IT), meaning production and core business processes have end-to-end visibility or what is known as visibility from the shop floor to the top floor. This presentation will focus on the first step of connecting a broader visibility from the operator to the maintenance technician and top floor and mapping this information back to its core business processes in order to increase efficiencies and reliability.

Asset Management

The Intersection of Obsolescence Management and Asset Management Reliability

IMC-2017 Learning Session - 43:33
by John Gariti, Long Island Rail Road, and Jesse Rothkopf, Life Cycle Engineering

Capital Assets in public transportation typically have life cycles of 40 years or more yet many critical components of those capital assets become obsolete after 5 years or less.

In this presentation, you will learn:

How a public transportation organization navigates this issue
Which stakeholders in the organization need to collaborate to mitigate supply chain disruption that would lead to downtime of critical assets
The responsibility of the vendor community
How the organization gets started
How Obsolescence Management fits into a wider Enterprise Asset Management program