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asset management

Re-Thinking Asset Criticality: Introducing Risk-Based Asset Criticality Analysis

Asset Criticality is one of the most important and fundamental steps in asset management. Despite this being well accepted in asset management circles, the practice in organizations often leaves much room for improvement.

Asset Management

Central San’s Wastewater Treatment Plant Reliability Journey

In 2013, Central San began developing a comprehensive Asset Management Program to better handle the treatment plant's aging infrastructure. This was a much-needed undertaking with much of the plant built before 1980, plant operations faced challenges of equipment obsolescence, low efficiency and poor reliability on a day-to-day basis.

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

Opening the Lid of the Asset Manager’s Tool Box: Part 2

Asset management (AM) is a recognized value lever for asset intensive organizations. It encompasses a broad vision of possibility and action. Within this new paradigm, AM practitioners need a new toolbox of skills, competencies and tools. This article, written in two parts, opens the lid of this asset manager’s toolbox and takes a look inside.

Reliability Engineering for Maintenance

The RELIABILITY Conference Offers Insight and Education for Reliability Leaders and Asset Managers

Reliabilityweb.com® and Uptime® Magazine, trusted names in asset management, have planned a noteworthy schedule for The RELIABILITY Conference™, co-located with the Maintenance 4.0 Digitalization Forum, scheduled for May 6-10 at the Hyatt Regency Bellevue on Seattle’s Eastside. The RELIABILITY Conference is the foremost conference for reliability and asset management professionals worldwide.

Asset Management

Asset Manager's Tool Box

Asset management (AM) is a recognized value lever for asset intensive organizations. It encompasses a broad vision of possibility and action.

Choose to Reuse: Environmental Benefits of Reconditioned SF<sub>6</sub>

Asset Management

Choose to Reuse: Environmental Benefits of Reconditioned SF₆

When it comes to medium and high voltage circuit breakers, there is no better electrical insulator than sulfur hexafluoride (SF₆). The manufactured gas is most commonly used to fill circuit breakers within utility substations to prevent and quench arcing events.

Asset Management

Implementing an Effective Asset Management Process to Improve Reliability

The 10 Rights of Asset Management process is designed in such a way that ensures organizations will do the right things from the start of the need/concept right through to disposal. Organizations operate in a very competitive environment. To survive, they need to stay competitive and must continue to improve processes and get more value, both in the form of return from physical assets and high productivity from human assets (i.e., their people). They need both physical and human assets to be reliable in order to deliver more value to their customers while reducing TCO.

Asset Management

Q & A with Brandy Avery

With over 20 years of IFM, Project, and Global Program Management experience, Brandy leads the IFM Deployment team, which is responsible for coordinating major transitions for new and expanded real estate portfolios for North American and global clients in JLL’s Corporate Solutions business.

Asset Management

Asset Strategy Management

When it comes to asset management, many organizations continue to be hampered by high costs, a high volume of unplanned failures and, ultimately, an unacceptable level of risk. The reason? There’s a piece missing in their asset management puzzle.

Asset Management

Work Safety

The safety of workers should be part of the mission of your organization. If it isn’t, do something about it!

The fact is, shop safety in the U.S. and Europe has dramatically improved over the past few decades. Many unsafe acts accepted in the past are forbidden today. The idea of working without fall protection or lockout-tagout (LOTO) procedures is widely condemned by workers, management and supervision. Still, too many people get grievously hurt or even killed at work.

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

Enterprise Risk Management A Cross-Functional Approach to Risk Identification

Re-Thinking Asset Criticality: Introducing Risk-Based Asset Criticality Analysis

Central San’s Wastewater Treatment Plant Reliability Journey

Asset Management and Reliability Leadership from the Bottom Up

Launching Comprehensive Asset Management at San Jose Water

Opening the Lid of the Asset Manager’s Tool Box: Part 2

The RELIABILITY Conference Offers Insight and Education for Reliability Leaders and Asset Managers

Asset Manager's Tool Box

Q&A with Natasha Ravinand

Choose to Reuse: Environmental Benefits of Reconditioned SF₆

Implementing an Effective Asset Management Process to Improve Reliability

Work Safety – Part 2

Black Belt Program

Q & A with Brandy Avery

Asset Strategy Management

Work Safety

Aquitas Solutions to Feature Connected Maintenance Offering at IMC-2018

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

Four Ways to Better Manage Small Capital Projects

Introduction to Statistical Methods in Reliability