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Asset Management

What is Risk Management?

By: R. Keith Mobley

Risk management is simply the identification, assessment, and prioritization of risks, followed by a coordinated and economical application of resources to minimize or control the probability of occurrence and the impact of negative events, as well as to maximize the realization of opportunities. What is considered a risk? Risks can come from uncertainty in financial markets, project failures, legal actions, regulatory liabilities, accidents, and natural disasters, as well as simple human error.

Reliabilityweb.com Announces Addition of Asset Performance Management Summit Co-located Event
Asset Management

Reliabilityweb.com Announces Addition of Asset Performance Management Summit Co-located Event

[Fort Myers, FL, 7/23/2019 ]Reliabilityweb.com® has announced that the Asset Performance Management (APM) Summit will be added as a co-located event at MaximoWorld 2019, A Reliabilityweb Event. MaximoWorld is the foremost asset knowledge leadership conference in North America. The conference will be held August 6-8, with a pre-conference benchmarking roundtable August 5, at the Walt Disney World Dolphin Resort in Orlando, Florida.

The Next-Generation Maintenance Manager (NGMM)

By John Reeve

As an Enterprise Asset Management (EAM) consultant visiting multiple industries over the years, I've noticed a new generation entering the maintenance work force. They work primarily in the maintenance organization from trades to maintenance manager, are mostly younger professionals, and are very comfortable with computers.

But, whether younger or older, they see the value of corporate systems as a means to retrieve data to help them do their jobs and stay competitive. They recognize that almost every job in today's market involves some form of computerization, and they have embraced technology. They even welcome change. The maintenance manager who is part of this new generation is what I call the Next-Generation Maintenance Manager (NGMM).

Nexus Global Business Solutions Acquires OMCS International of Australia

  • Nexus Global acquires the assets and business of OMCS International
  • OMCS is a global leader in Reliability, Asset Health and Planned Maintenance Optimization software
  • Both companies serve asset intensive industries globally
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GeoNexus Technologies Releases GeoWorx Office for IBM Maximo
Work Execution Management

GeoNexus Technologies Releases GeoWorx Office for IBM Maximo

GeoNexus Technologies releases new product that integrates Esri ArcGIS and IBM Maximo to provide a geospatial context for viewing and analyzing work and assets.

CMMS and EAM

TA Associates Announces Minority Recapitalization of Prometheus Group

TA Associates, a leading global growth private equity firm, today announced it has completed a minority recapitalization of Prometheus Group, a leading provider of enterprise application software. Terms of the investment were not disclosed.

GPAllied Announces Strategic Hire: Tim Weilbaker

Charleston, SC. - Global reliability and operations solutions provider, GPAllied, announced today that it welcomes Timothy R. Weilbaker to their organization. This opportunity is the result of an agreement between GPAllied and Process Thinking. Process Thinking is a New Albany, Indiana based management consulting firm founded by Mr. Weilbaker nearly five years ago.

Reliability Engineering for Maintenance

PM Optimisation Maintenance Analysis of the Future - Part 1

The author, Mr Steve Turner, is a professional engineer who has been extensively trained in RCM1 methods and has deployed them over a 20 year period in various roles as an airworthiness engineer, a maintenance manager, as part of a design team and as a consultant. Over the past five years, Mr Turner has developed a process of PM Optimisation known as PMO2000. This method is currently in use at 12 major industrial sites in Australia and the Asia Pacific Region.

Leadership for Reliability

GPAllied Announces Strategic Hire: Michael Aroney

Charleston, SC.—Global reliability and operations solutions provider, GPAllied, announced today that it welcomes Michael Aroney to their organization.

10 Components of a Successful Vibration Program: Part 3
Asset Condition Management

10 Components of a Successful Vibration Program: Part 3

Part 3 of this series focuses on setting goals and KPIs for condition monitoring.

Asset Management

Why Your Preventive Maintenance Program Isn’t Working

Ricky Smith, CMRP

Does it annoy you that in spite of regularly performing Preventive Maintenance (PM) on your equipment it continues to breakdown? Some may call this insanity-continuing to do the same thing over and over, expecting a different result. If you sat down and graphed out your company's PM labor hours versus emergency labor hours what would you find?

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