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Asset Management

SmartSignal Announces Speakers for Summit 2010: Avoid Surprises

SmartSignal Corporation today announced the speakers and agenda for Summit 2010: Avoid Surprises, an international gathering of the most advanced users of Predictive Analytics and Diagnostics for monitoring of critical industrial assets. The conference, scheduled for Sept 7-9, 2010 at the Fairmont Chicago, Millennium Park, is expected to attract over 250 attendees from the Power and Oil & Gas industries.

Asset Management

Failure Modes Effects Analysis - Taking The Final Workflow Step

WHY GO THE EXTRA STEP?

When you implement "best practices" or upgrade to a new version of your Maintenance Management System (CMMS or EAM), you look at your maintenance and/or supply work flow process to understand how work gets requested, done and documented. Once you have done your "due diligence" and created process flow design diagrams down to what I call a level 5, you may think you are ready to write procedures. Are you truly ready?

Asset Management

Safe maintenance is good business: 30 pan-European organisations join as Official Campaign Partners

Companies and associations from the private and public sector, including some of Europe’s most well known companies, have joined forces with the European Agency for Safety and Health at Work (EU-OSHA) in the new Healthy Workplaces Campaign 2010/11 on safe maintenance.

Asset Management

ISO Preliminary Meeting on Asset Management recommends go-ahead!

Following last years ballot of global National Standards Bodies regarding the development of an International Standard for Asset Management, ISO asked BSI to host a Preliminary Meeting to discuss the positive ballot outcome and agree the way forward. The Preliminary Meeting was held on 15- 18th June in London and was Chaired by Rhys Davies.

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Asset Management

Ensure You Have the Right People Involved When You Define Your Maintenance Program

The only people that can truly define an effective Asset Maintenance Program are those that design, operate and maintain the equipment:

• Operators and Trades (Crafts)

• Maintenance

Asset Management

Recipients of the 2010 Asset Management Council Student Awards Announced

The asset management industry’s future leaders were celebrated as recipients of the illustrious 2010 Asset Management Council Student Awards. The Awards Dinner at Adelaide’s Hilton was held in conjunction with the ICOMS Asset Management Conference and attracted over 200 of the industry’s leaders and practitioners in asset management and maintenance.

Asset Management

ISA Publishes Control Systems Safety Evaluation and Reliability, Third Edition

The International Society of Automation (ISA) announces the publication of Control Systems Safety Evaluation and Reliability, Third Edition, by William M. Goble.

Applying PAS-55 Principles – Water Wastewater Case Study
Asset Management

Applying PAS-55 Principles – Water Wastewater Case Study

The British Standards Institute's Publicly Available Specification 55 (PAS-55) provides organizations with a framework for establishing good practices in asset management.

A significant portion of the specification covers the mitigation of risk as well as maintenance and reliability strategies. APG will walk attendees through the application of fundamental reliability principles at an actual water wastewater organization in an application aligned with PAS-55 requirements.

Participate to discover:

* PAS-55 requires risk management practices and formalized maintenance and reliability strategies

* Current best practices around reliability and maintenance strategy development comply with PAS-55 requirements

* Practical implementation pointers for PAS-55 aligned reliability practices

The R5 Process by GPAllied
Asset Management

The R5 Process by GPAllied

The R5 model works for any type of improvement initiative and is compatible with multiple tool kits like Root Cause Analysis, LEAN and Theory of Constraints. The R5 model becomes a standardized project management system that encompasses several characteristics, including gated processes, executive sponsor supported, data driven, business case governed.  Visit GPAllied to learn more.

Asset Management

Asset Identification

An important corner-stone of any maintenance program is asset identification. Experience maintenance workers know every machine within their area intimately, but for many others that may be given

A new way to extend the life of your assets
Asset Management

A new way to extend the life of your assets

Did you know that you can factor energy use with asset management to maintain and extend the life of equipment and therefore lower your costs?  It is well known that there is a direct connection between the reliability of assets and their consumption of energy; in fact, energy use is a leading indicator of predictive performance of an asset.

Join Johnny Bofilios, Director Global Asset Sustainability at Infor for a 41 minute webinar to find out the strategies to start monitoring and reducing your plant's energy consumption...and extend your assets life.

Participate to:
1) Find out the strategies to start managing and reducing your plant's energy
2) Learn how a high profile paper manufacturer has already extended the life of their assets with energy tracking
3) Discover how to go from addressing 25% of the total cost to own and operate your assets... to up to 80%

 

Improving the delivery of maintenance strategies across the Enterprise
Asset Management

Improving the delivery of maintenance strategies across the Enterprise

Industrial plants can have thousands of similar or identical components. To manage maintenance strategies in this situation, there is a trend for organizations to develop corporate maintenance strategies.

Corporate maintenance strategies are easy to administer and can be a platform to standardize work practices across the enterprise. However, these strategies are typically generic in nature and do not take into account specific design and operating context variations. In order to address this weakness, OMCS International has developed a method known as SPAWN. SPAWN is a system that builds a Baseline of an equipment type which comprises of all components, failure modes and maintenance strategies to address the failure modes.  The concept of SPAWN is to create images of the Baseline that represent equipment in a specific design and operating context, but in such a way that there is no duplication of strategy.

 

Asset Management

Lloyd’s Register Certifies ScottishPower Energy Wholesale

Lloyd’s Register has extended the scope of the certification for ScottishPower Energy Wholesale against the BSI Publicly Available Specification 55 (PAS 55-1) in a rigorous process of assessment to cover the entire energy mix of ScottishPower Energy Wholesale assets in the UK.

Asset Management

Reliabilityweb.com’s Solutions 2.0 Commences w/Keynote Address by US Sugar CEO Robert H .Buker

Reliabilityweb.com and Uptime Magazine will kick off its Solutions 2.0 Conference on Tuesday, November 9 at 8:00 am with a special Keynote Address by Robert H. Buker, Jr., President and CEO of US Sugar Corporation. The event is being held at the Hyatt Regency Coconut Point Resort in Bonita Springs, Florida.

Asset Management

Fingrid Receives International Certificate for Good Asset Management

Fingrid, the electricity transmission system operator in Finland, is the first enterprise in the Nordic countries to be awarded an internationally recognised certificate for good asset management by Lloyd’s Register. Careful development, construction and maintenance of Fingrid’s transmission lines and substations secure the electricity supply in the whole of Finland.

Asset Management

International Recognition of Qualifications in Asset Management

As a contribution to the Global Forum on Maintenance and Asset Management, the UK based Institute of Asset Management (IAM) and the Australian Asset Management Council (AM Council) has announced that collaborative work has commenced on establishing an Accord to improve international recognition and comparison of qualifications in the fast emerging discipline of asset management.

Asset Management

ISA Announces ARC Executive Management Forum to Be Held at ISA Automation Week 2010

ISA announced today that ARC Advisory Group will present the ARC Executive Management Forum, “ARC Inside: The Business Case for Asset Performance Management,” at ISA Automation Week 2010 on Tuesday, 5 October 2010, at the Westin Galleria, Houston, Texas.

Asset Management

Design Management: Reliability at the Start

abacunas_3 for installations and modifications to plant systems and equipment should go beyond engineering calculations, bids and drawings. While the engineering is important, items related to reliability and maintainability are sometimes treated as afterthoughts. To reduce the chance of premature failure and frustration and reduce the unexpected, a Design Management Program should be implemented and enforced. The Design Management Program should place an emphasis on reliability and maintainability with participation from all levels of the plant including engineering, maintenance, operations, safety, and purchasing. The program should also establish the review process with an incremental methodology. All design projects, whether capital or non-capital require the same methodology for inputs and review. Of course the larger the project the longer the process so enough planning time should be allowed, often a year or more in advance of the actual installation start date.

Asset Management

Risky Business: Problem Areas Uncovered by the Transition to Risk Based Asset Management

Within the past few years we have seen an institutional shift in the way that asset-intensive industries manage their physical asset base in the United Kingdom. On the 2nd of February 2006, Ofwat the water industry regulator issued letter MD212 for Managing Directors in that industry. This letter spoke of the progress of the Common Framework, an initiative of the United Kingdom Water Industry Research (UKWIR), and referred to its evolving role as a framework to guide capital maintenance planning.

Asset Management

Strategic Advantages: Responsible Outsourcing in the New Asset Management Environment

Outsourcing as a Source of Competitive Advantage

Outsourcing is usually one of the more predictable suggestions of managerial consultants throughout the world. Generally these suggestions are made with either the intention of reducing direct costs, incorporating specialist knowledge , or avoiding the problems associated with hiring and keeping employees.

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