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The RELIABILITY Conference® 2026
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asset management

PAS-55: Understanding Asset Management Enablers
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.

Asset Management

Reliable Manufacturing helps Bakkavör achieve Rapid Transformation

With the help of change management consultants, Reliable Manufacturing, food manufacturer Bakkavör is driving improvements in output and efficiency at two of its Lincolnshire operations.  The company has realised a full return on investment in less than nine months.

Asset Management

Achieving a Higher Level of Maintenance and Reliability

By Augie DiGiovanni and John Renick

Progressive companies already implementing predictive maintenance are looking for proactive solutions to manage asset performance.

Asset Management

Business Case for Data Integrity

By Robert DiStefano and Stephen Thomas

Introduction to the Business Case
A vast and growing amount of data is being accumulated in businesses today, yet many people in business intuitively know there is not a corresponding improvement in reliable information on which to base good decisions. In fact, in many cases just the opposite is happening-despite more and more data, finding information that can be trusted is increasingly difficult.

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Asset Management

A New Opportunity for the Maintenance Reliability Community

By John S Mitchell

A new term has risen above our horizon. It is being embraced by companies committed to being the best and has great interest and cachet at the highest executive levels. Further, it states a clear objective that must be achieved to remain successful in today's fiercely competitive industry. The question is whether we, the, maintenance reliability community, will embrace the term, recognize its ability to mandate broader activities that are absolutely essential to achieve and sustain real success, and utilize the principles to gain value and results that really matter.

Asset Management

Association for Maintenance Professionals Creates Asset Management Standard Working Group

Working Group Is a U.S. Voting Member of ASTM - ISO Asset Management Standard Effort

Fort Myers FL, - December 17, 2010 - The Association for Maintenance Professionals (AMP) has joined the ASTM (American Society of Testing and Materials www.astm.org) led effort to represent the United States and provide input into the International Standard Association (www.iso.org) Project Committee (PC) 251 on an international asset management standard. The Association for Maintenance Professionals is a full voting member and has created a working group (AMP E53.10 Asset Management Standard Working Group) in order to provide the unique perspective of the US maintenance reliability community to this project.

Asset Management

DMSI Announces New Online MAINTelligence User Forum

North Vancouver, Canada - December 15th, 2010 - Design Maintenance Systems Inc. (DMSI), announces the launch of its new user forum for their asset management and inspection software, MAINTelligenceTM and MAINTelligence InspectCETM.

Asset Management

Criticality Part III

In the last few maintenance tips, I spoke about criticality and the importance of finding the correct ratio of critical equipment that suits your operation's strategy. I also spoke to getting the

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Asset Management

SKM appointed as a PAS55 Endorsed Assessor

SKM has recently been appointed by the Institute of Asset Management as an Endorsed Assessor able to undertake Gap Analysis and Certification of organisations’ asset management systems to PAS55:2008. This recognises both our corporate experience and the skills and experience of our professionals in the field of asset management.

Asset Management

Deming Chain Reaction

• Improve Quality --->
• Costs decrease because of less rework, fewer mistakes, fewer delays, snags, better use of machine-time and materials --->
• Productivity Improves --->
• Capture the market with better quality and lower price --->
• Stay in Business --->
• Provide jobs and more jobs

And in fact two factors lead to creating more jobs. First the lower costs gained by eliminating waste and errors allows prices to be lowered which will increase sales.

Asset Management

ABB acquires Insert Key Solutions to further strengthen software offering

2010-12-06 - Acquisition builds on industry-leading asset lifecycle management offering from Ventyx

Managing Integrity & Reliability on Aging Assets
Leadership for Reliability

Managing Integrity & Reliability on Aging Assets

A 60 minute recorded webinar on demand by Brian Hudson, Principal Lead Consultant, ABB Reliability Services.

The implications of managing and planning for the future when looking after aging assets. Failure to effectively manage aging assets can not only have a major impact on share holder confidence and license to operate but also is increasingly seen as a major non-conformance by regulators world wide. Consequently, maintaining integrity, reliability & safety is a challenge that all Operators must face, whilst balancing these needs against the ever present drivers to manage budgets and meet stakeholder expectations. Operators need to have in place a robust strategy for ongoing operation of aging assets which will satisfy the increasing expectations of both industry regulators and authorities.

Participate to learn:

1) Essential elements of a proactive strategy to manage ageing assets

2) The importance of competent people, effective systems and dependable assets in maintaining integrity

3) The role of reliability and integrity in safe operations

PAS-55: Effective Asset Management Strategies
Asset Management

PAS-55: Effective Asset Management Strategies

An 30-minute 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 sixth installment of our popular PAS-55 themed webinar series, APG will guide attendees through the development of effective, PAS-55 compliant asset management strategies. This webinar will provide attendees with an understanding of the relationships and differences between asset management strategies as compared to policies, objectives and plans. It will also explore the components of asset management strategies and an understanding of the difference between effective and ineffective asset management strategies.

Participate to learn:

1) Asset Management strategies are a key element of good asset management systems.

2) Asset Management strategies are related to but different from policies, objectives and plans.

3) Effective Asset Management strategies exhibit well-defined characteristics.

 

Asset Management

2011 Asset Management Awards: providing evaluation and recognition of asset management capabilities

Asset Owners, Service Providers and organisations responsible for physical assets and their revenue, reliability and safety outcomes are encouraged to apply to the Asset Management Council’s 2011 Asset Management Awards.

Asset Management

Balancing Without Phase

Dennis Shreve, CMRP

Sometimes it may be required to balance a rotating machine or part under conditions where a conventional phase measurement is either impossible or unavailable. In this situation, a four-run method can be used to arrive at an amount and position for a corrective weight.

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?

Asset Management

7 Years of Sustained Reliability Culture Change at Alcoa Warrick Smelter

Mark Keneipp, Alcoa,
and Randy Heisler, Life Cycle Engineering

Background

It is not often that one runs across an organization that is able to undertake a significant business transformation, implement the changes successfully, and then sustain the gains for seven years with no end in sight. Here is the compelling story of one organization that has succeeded-Alcoa Warrick Smelter.
The story began in 1997 when Alcoa decided to implement the Toyota Production System globally across all 250 locations. Significant progress was made, but the Alcoa Primary Metals division leaders were not seeing the results that they expected. A business unit level internal analysis showed that their assets and reliability processes were lacking stability and this was holding lean manufacturing gains hostage. Stability is a foundational element to the Toyota Production System. If one is familiar with the Toyota House, or any other house for that matter, having a solid foundation is the key to long-term sustainability. (See Figure 1)
In 2002 Vince Adorno, Vice President of Engineering for Alcoa Primary Metals, decided to form a corporate-led team to develop a business case and reliability implementation strategy. External consultants were included in this process to ensure that best practices and reasonable estimates of potential savings were incorporated into their strategy. They also looked at their own pockets of excellence and best practices that were in place in the plants.

Solutions 2.0 Keynote: Driving Real-Time Profitability Through Asset Performance Excellence - Part 1
Asset Management

Solutions 2.0 Keynote: Driving Real-Time Profitability Through Asset Performance Excellence - Part 1

An hour long presentation by Dr. Peter G. Martin, PhD, Vice President and Fellow, Invensys Operations Management, at Solutions 2.0, 2010

The primary objective for Industrial companies is to create value for their owners. Yet many professionals in industrial operations, including operations and maintenance professionals, perform their functions in alignment with key performance indicators that may be totally independent from the primary objective - driving profitability. This presentation will overview profit-based asset performance management and present an approach that will enable industrial companies to begin the journey toward optimal profitability.

Download the slides (in PDF format) for this presentation

To learn more about Solutions 2.0 and othe future conferences, please visit www.maintenanceconference.com

Part Two

Asset Management

Definition: PAS55

The British Standards Institution's Publically Available Specification for the optimized management of physical assets.

Tip excerpted from: The Professional's Guide To Maintenance And Reliability

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