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More Videos From Asset Management

Contractor Management Best Practices

A forty five minute long presentation by Don Powell, Director of Strategic Operations Initiatives for NRG Energy, and Christy Erbeck, Industrial & Organizational Psychologist, edi

Managing contractors can be challenging because they contribute directly to crafts, labor, and materials costs. Tracking these cost commitments is essential to budgeting and monitoring work costs for the operations and capital investment projects to shutdowns and turnarounds. Learn how NRG improved the business process around contractor management.

Asset Management

No Silver Bullet for Reliability Series: Part 3 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Cultural change is an outcome of developing a sustainable proactive environment. Driving behaviors towards a reliability mindset takes diligence to process, training and competency development and above all else, proactive leadership. In Part 3 of this 4 part series on Launching, Managing and Sustaining Reliability Initiatives, we will learn from Leslie McHattie, Senior Reliability Practitioner at Ivara the key elements required to sustain a reliability culture.

Asset Management

Asset Health Management Reliabilityweb.com Survey Results

An hour long presentation by Steve Thomas

Every doctor will tell you that one of the most important things you can have is your health. This statement equally applies to the health of the assets in your plant. The simple fact is that if the assets are healthy then production can without fail meet the demands of the marketplace. On the other hand poor asset health will provide an outcome far less desirable.

The Asset Health Management survey conducted by Reliabilityweb.com is a report based in input to twenty-seven (27) questions by three hundred and sixty-six (366) individuals. This webinar will present the key points of this survey and will provide you with significant insight into asset health management issues that need to be considered to increase and sustain the health of your plant assets.

Asset Management

No Silver Bullet for Reliability Series: Part 2 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Why do some reliability implementations succeed and others fail? Leslie McHattie has seen it all --some programs are highly successful, most are "satisfactory" and some fail. Trying something new without a plan to manage and sustain the improvement is what we call a silver bullet approach and tends to be very short lived, eventually becoming the flavor of the month.

If the same tools result in variable outcomes, it is evident that the reason this happens does not reside in the tool itself, but rather in how it is managed and applied.

Asset Management

No Silver Bullet for Reliability Series: Part 1 of 4

An hour long presentation by Leslie McHattie, Senior Reliability Practitioner, Ivara Corporation

Taking a silver bullet approach to reliability improvement tends to become very short lived and eventually becomes the flavor of the month. Experience has shown that a strategic and comprehensive approach to physical asset management is the best way to improve equipment reliability. In this 4 part series, we will learn from Leslie McHattie, Senior Reliability Practitioner at Ivara, what it takes to launch, manage and sustain a successful reliability initiative and the top 10 lessons learned.

Asset Management

Optimize Reliability Through the Implementation of an Automated and Integrated Asset Optimizer Platform

An hour long presentation by Ben Venter, Regional Service Director, Canada & Local Business Manager Full Service Canada Ravi Mahajan, Automation & Technical Support Specialist - Western Canada, ABB Inc.

This presentation discusses how a single integrated system can increase equipment performance, improve plant uptime, optimize reliability and lower life cycle costs. An Electronic Asset Optimization platform is a new system integration architecture and power strategy that addresses the needs of the process and power generation industries to continuously monitor equipment and instrumentation performance related to their operating conditions.

The architecture is based on Industrial Ethernet standards such as IEC 61850, Profinet as well as Fieldbus technologies and covers mechanical, electrical, instrumentation and control system equipment. The platform provides complete visibility into the equipment condition through multiple interfaces that could include web based access. Think of the platform as an automatic and continuous monitoring tool of all the data you have available on equipment and devices within your facility. The platform will provide continuous warnings on equipment condition based on asset monitors developed for the equipment, therefore enabling the user to address concerns before they create operational impact.

Asset Management

For the plant with productivity problems, why minimizing failures changes the game

An hour long presentation by Steve Murray, Director, Reliability Systems, North America, ABB Inc.

Manufacturers today face low-cost products from countries producing high quality products. In addition, they face global competition within their own companies as corporate planners weigh financial benefits of new plants in developed economies, or new plants in growing economies. This global competition drives organizations to fully identify their core competencies, as they can only afford to do a few things well, while squeezing as much from their existing assets as possible.

Asset Management

Sustaining a Risk Based Inspection Program

An hour long presentation by Leon Johnson, Learning Manager, Meridium

Many owner/users in process facilities have implemented risk based inspection (RBI) or utilized RBI to optimize their inspections. The challenge is sustaining these programs so they remain valid and effective over time. Let's identify some of the common challenges for sustaining a risk based mechanical integrity program and ways to overcome them.

Asset Management

The Journey to Equipment Health Monitoring Value Realization

An hour long presentation by David Anderson, Domain Expert - Oil & Gas, Optimized Systems and Solutions

Operators of critical high value rotating equipment are well versed in collecting data. What they do with their data determines the value that they are able to derive from it. Through the use of an effective Equipment Health Monitoring solution, raw data from various sources is transformed into actionable decision support.

Asset Management

For the Executive with Plant Productivity Problems. Why Outsourcing Maintenance Changes the Game

An hour long presentation by Magnus Pousette, Group Vice President, Business Unit Full Service, ABB Inc.

By outsourcing maintenance to ABB, over a hundred customers have changed the game in their plant. They have enjoyed and continue to enjoy a rapid change in plant culture, significantly improved plant output and a reduction of both energy and total maintenance costs. During this webinar we will demonstrate how ABB contractually commits to delivering $$$'s on your bottom-line - showing you how confident we are in our ability to drive change through an emphasis on asset reliability.

Asset Management

Part 2 of a 2-Part Series on PAS-55 4.4.7 Risk Management

A 45 minute long presentation by Stace Smith, The Asset Performance Group (APG)

In the PAS-55 framework for optimal asset management, Clause 4.4.7.1 specifies that an organization shall have processes in place for the ongoing identification and assessment of asset-related and asset management related risks, as well as the identification and implementation of control measures over the lifecycle of same assets. There are several good options for evaluating risks and financial impacts to asset performance, such as HAZOP, RCM, RiskAoA, and so on - PAS-55 specifies only that we meet its requirements to be compliant.

Asset Management

Avoiding Data Overload in Managing Asset Health

A 40 minute long presentation by Kathy Steel, Ivara Corporation

How much time do you spend collecting equipment condition data, maintaining spreadsheets and developing reports? Still, it often ends up being a little too late to prevent equipment failure. Learn how Ivara EXP Asset Performance Management software provides better visibility to overall asset health. EXP processes condition data from all sources to provide a holistic view of the health of your assets so you can anticipate the onset of failures and make timely and informed proactive maintenance decisions to mitigate risk and the consequences of failure.

Asset Management

Part 1 of a 2-Part Series on PAS-55 4.4.7 Risk Management

An hour long presentation by Mike Schultz, The Asset Performance Group (APG)

In the PAS-55 framework for optimal asset management, Clause 4.4.7.1 specifies that an organization shall have processes in place for the ongoing identification and assessment of asset-related and asset management related risks, as well as the identification and implementation of control measures over the lifecycle of same assets. There are several good options for evaluating risks and financial impacts to asset performance, such as HAZOP, RCM, RiskAoA, and so on – PAS-55 specifies only that we meet its requirements to be compliant.

Asset Management

Building Value with Asset Performance Management Work Processes

An hour long presentation by Chris DeFalco, Director of Product Management, Meridium

Gaining a competitive edge with Asset Performance Management (APM) requires the effective application of process, people and technology. This approach needs to be supported by well-designed processes that identify how to perform work, committed people who know how to apply them, and powerful, enabling technology to simplify the task.

Asset Management

Monitoring how your assets use energy: See what you’ve been missing

A 45 minute presentation by TJ Perreault, Director of EAM, Infor

Companies with plants, facilities, and equipment are facing a daunting reality: The energy consumed by their key operating assets is eroding profit margins.

Asset Management

Production Loss Accounting

An hour long presentation by Shannon Brown - Product Manager, Meridium

Measuring production capacity in a standardized way allows plant owners and operators to decrease production losses, eliminate unclassified losses, take action to improve production, and compare production data across the enterprise.

Asset Management

PAS-55: Change Management

An hour long recorded webinar by James Nesbitt, Principal - Service Delivery, The Asset Performance Group Inc.

The British Standards Institute's Publicly Available Specification 55 (PAS-55) provides organizations with a framework for establishing good practices in asset management. In the eighth installment of our popular PAS-55 themed webinar series, APG will help attendees identify key stakeholders in the implementation of PAS-55 and provide an overview of some practical techniques, tips and pitfalls related to managing the organizational change associated with a PAS-55 implementation.

Asset Management

Carrying costs for the Storeroom Inventory

An hour long Webinar Tutorial On Demand Led by Daniel DeWald, CPIM, CPMM SME Materials Management Professional Consultant, GPAllied

This slide presentation explains carrying cost and what it means to the inventory in the storeroom.

Asset Management

PAS-55: Understanding Asset Management Enablers

An hour long recorded webinar by James Nesbitt, Principal - Service Delivery, The Asset Performance Group Inc.

The British Standards Institute's Publicly Available Specification 55 (PAS-55) provides organizations with a framework for establishing good practices in asset management. In the seventh installment of our popular PAS-55 themed webinar series, APG will guide attendees towards a high-level understanding of what PAS-55 enablers are and frame them in the context of common industry practices. Examples of such practices include Asset Risk Prioritization, RCM, TPM, 6 Sigma, and others. APG will then explore how PAS-55 allows alignment of these often "competing" initiatives.