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asset management

Asset Performance Management 4.0 and Beyond

In any asset-intensive industry, businesses are pressured to continually improve asset performance and reliability while minimizing costs and ensuring regulatory compliance for e.g. safety. In this environment, optimizing maintenance is critical.

Asset Management

NFPA underscores electric shock hazards in pools and at marinas during summer months

With Memorial Day and the start of summer just around the corner, the National Fire Protection Association (NFPA) is reminding people about the potential electrical hazards in swimming pools, hot tubs and spas, on board boats and in the waters surrounding boats, marinas and launch ramps.

Asset Management

Optimizing Asset Management in Design Processes - Looking Outside the Box

IMC-2017 Learning Session - 42:45
by Lanny Floyd, University of Alabama at Birmingham

This session will explore lessons from a standard outside the domain of asset management: ANSI/ASSE Z590.3 – 2011 Prevention through Design Guidelines for Addressing Occupational Hazards and Risks in Design and Redesign Processes. This standard provides guidance for a life-cycle assessment and design model that balances environmental and occupational safety and health goals over the life span of a facility, process, or product. While the purpose of this standard is to enable an organization to reduce occupational safety & health risks, its methodology can be applied to reducing risks impacting asset performance. Organizations may realize benefits of aligning resources and processes impacting asset management and occupational safety & health.

Asset Management

Yokogawa Launches amnimo Inc.

Yokogawa Electric Corporation announces the launch of amnimo Inc., a business unit that will be tasked with identifying, developing, and offering services that can add value by leveraging the industrial IoT (IIoT) architecture currently under development by Yokogawa. The first of these services are scheduled to be rolled out later this year.

Asset Management

Best Asset Management Program (Uptime Award Winner) - Southern Gardens Citrus

IMC-2017 Learning Session - 46:56
by Brendon Russ and Jim Sullivan, Southern Gardens Citrus

After the publication of ISO 55000 Asset Management Standards, it shined a light on a need to create an overall plan of how we deal with assets, not just maintenance. Southern Gardens Citrus is a worldwide supplier of Florida orange juice. We have an established Strategic Asset Management Plan (SAMP) that is presided over and reviewed by executive management. The backbone of our asset management is our Management of Change (MOC) process.

This presentation will give an overview of asset management at Southern Gardens, showing the application of ISO 55000 guidelines and how they tie to how we approach creating a SAMP, asset knowledge, asset lifecycle management, performance indicators, continuous improvement, risk management, and decision making.

Work Execution Management

Argo Consulting

Argo is an operations improvement consulting firm that breaks through the traditional barriers of the consultant-client relationship. We are hands-on consultants who deliver real results and no excuses.

Asset Management

Does Relying on Criticality Put Your Organization at Risk? Part 1

This article is Part 1 of a series focusing on risk as an enabler for asset management.

It argues the case for moving away from criticality to an ISO31000 risk-based approach. Part 2 will address how to effectively model asset risk in complex systems.

Asset Management

Are We Actually Realizing Value from Our Asset Management Program?

IMC-2017 Learning Session - 42:44
by Dharmen Dhaliah, Town of Halton Hills

Realizing value is the main focus of asset intensive organizations. Organizations design, build, own, operate and maintain physical assets to derive tangible or intangible, financial or non-financial value from them over their entire life cycle. Eventually it is befitting to spend some time understanding what value is and how it can be realized. As a matter of fact ISO 55000 makes reference to 'value' and 'realize value' in its definitions of asset and asset management respectively. Realization of value requires the achievement of a balance of costs, risks and benefits, often over different timescales. So what does value derived from physical assets means to your organizations? Is it value to customers, value to stakeholders, or value physical assets contribute to achieve organizational objectives? How are these values quantified, measured and tracked to support the overall system? Do you have a process in place to actually identify and visualize the activities contributing to the realization of value from your physical assets? This session will describe the asset management value chain in organizations and explore the existing roadblocks and constraints that are stopping organizations to realize maximum value from their asset management program.

Reliability Engineering for Maintenance

How To Achieve An Uptime Elements Black Belt

Do or do not – there is no try ~ Yoda

Are you one of those people who will not start a project until planning is close to perfect?

The Uptime Elements Black Belt program is designed

...

Asset Management

Transit Asset Management Forum IMC-2017

December saw another successful International Maintenance Conference (IMC), with over 1,100 participants from 41 countries. Part of the conference included the Transit Asset Management (TAM) forum, held the first day of the conference. Presented in association with the Rail Reliability and Asset Management Roundtable, the TAM forum was designed as an opportunity for agencies to share simple and practical approaches that they can put to work immediately using asset management (AM) and Industrial Internet of Things solutions (IIoT). The forum was well attended and presenters shared some highly interesting progress stories with attendees.

Asset Management

Bentley Systems’ Year in Infrastructure 2018 Conference and Awards Gala to be Held in London

Annual Conference Brings Together Global Leaders in Infrastructure Design, Construction, and Operations to Learn Best Practices for Going Digital

Asset Management

Maintenance Strategies: Is There a Simple Solution?

No doubt you have heard these terms, read articles and attended workshops and seminars to learn about these strategies. Using this information, you’ve discovered which ones will make your maintenance program more effective, reduce labor hours, reduce costs, increase equipment availability and ultimately improve production.

Based on experience gained from being around maintenance shops for many years, visiting with people in a variety of industries and talking with maintenance professionals around the globe, the conclusion formed is: There is a right time and a right place for each of these strategies.

asset management

Qualcomm Reveals the World’s First Dedicated XR Platform

Asset Performance Management 4.0 and Beyond

NFPA underscores electric shock hazards in pools and at marinas during summer months

Optimizing Asset Management in Design Processes - Looking Outside the Box

Yokogawa Launches amnimo Inc.

Best Asset Management Program (Uptime Award Winner) - Southern Gardens Citrus

Argo Consulting

AspenTech Joins SAP® PartnerEdge® Program; Announces Availability of Aspen Mtell® on SAP App Center

Nlyte Introduces Asset Integrity Monitoring and Resiliency Management

Does Relying on Criticality Put Your Organization at Risk? Part 1

April - May 2018

Are We Actually Realizing Value from Our Asset Management Program?

DuPont Sustainable Solutions: 50 Years of Creating Safer, More Resilient Workplaces & Communities

Uptime® Magazine Announces Solution Awards Winners for 2018!

How To Achieve An Uptime Elements Black Belt

Transit Asset Management Forum IMC-2017

Bentley Systems’ Year in Infrastructure 2018 Conference and Awards Gala to be Held in London

ABB launches industry-leading digital solutions offering, ABB Ability™

Maintenance Strategies: Is There a Simple Solution?

Bentley Systems Issues Call for Submissions to the Year in Infrastructure 2018 Awards for