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asset management

Asset Management

What To Check and How Often?

One of the questions often asked by a new user to an Asset Health Information systems is "what do I do now?" After the dust has settled and the new system has been unwrapped and installed,

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Asset Management

Fluor Wins New DuPont O&M Contract for Nine Sites

Focus Includes Ongoing Small Capital Construction, Maintenance and Plant Services.

PAS-55: An Introduction to the Asset Management Specification
Asset Management

PAS-55: An Introduction to the Asset Management Specification

A recorded 50 minute on demand webinar by James Nesbitt, Principal - Service Delivery, The Asset Performance Group Inc.

The British Standards Institute's Publicly Available Standard 55 (PAS-55) provides organizations with a specification for good practices in asset management. The Asset Performance Group has seen a rise in demand for PAS-55 practices in North America and has created this webinar to introduce the standard to the reliability community and help reliability professionals to understand how this standard may impact them and their organizations.

Participate to discover:

* How PAS-55 covers Asset Management good practices
* How PAS-55 is becoming important in North America and may form the basis for an ISO standard
* How PAS-55 Compliance can help organizations to ensure they have a minimal level of good practice around asset management

 

Please note: The first slide of the PAS 55 Presentation experienced a slight audio problem that disappears - so please have patience. 

Asset Management

Make it Easier for Your Inspectors and Reap the Benefits in Asset Performance

Inspection results are often vague and subjective because they tend not to accurately specify the severity of equipment condition. When results are open to interpretation like OK/Normal or Not

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Asset Management

Bentley Systems Announces Two Significant Acquisitions to Launch Its AssetWise Initiative

New Asset Management Platform Will Leverage Enterprise Informatics’ Robust Configuration and Change Management Services and Exor Corporation’s Strength in Linear Networks

Asset Management

ISA Automation Week 2010 Issues Call for Papers

The Technical Program Committee of ISA Automation Week 2010: Technology and Solutions Event has issued a Call for Papers inviting authors, experts, innovators, and automation professionals to submit abstracts for presentation consideration at the conference to be held in Houston, TX, 4-7 October 2010.

Asset Management

PAS 55 Tip: Top-Down Alignment Of Objectives

To sort out the picture, greater understanding of the Asset Management business model is certainly needed at board level and in regulatory circles. Separation into 'Asset Owner', Asset Manager

Asset Management

Board Votes to Initiate Investigation on Accidents at DuPont Chemical Facility Belle, West Virginia

The U.S. Chemical Safety Board (CSB) today voted to initiate an investigation of recent accidents at the DuPont chemical complex in Belle, West Virginia, following a release of highly toxic phosgene on Saturday that fatally injured a veteran operator.

Asset Management

Government posting wealth of data to Internet

The purpose of Data.gov is to increase public access to high value, machine readable datasets generated by the Executive Branch of the Federal Government.

Asset Management

November Manufacturing Technology Consumption up 16%

November U.S. manufacturing technology consumption totaled $178.83 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was up 16.0% from October but down 16.2% from the total of $213.50 million reported for November 2008. With a year-to-date total of $1,552.53 million, 2009 is down 63.4% compared with 2008. These numbers and all data in this report are based on the totals of actual data reported by companies participating in the USMTC program.

Asset Management

Optimizing Asset Management

The British Standards Institute has published BSI PAS 55:2008 the international benchmark for optimal management of assets.

PAS55 defines Asset Management as:

Systematic & coordinated activities

Asset Management

Butler Group Audit Rates Confirm as a Leader in Infrastructure Asset Management Systems

New Technology Audit by Butler Group Hails Pitney Bowes Business Insight’s Confirm as Impressive, Comprehensive Modular Software System Helping Government Agencies to Eliminate Avoidable Contact, Meet NI14 Requirements and Connect All Members of the Value Chain.

Asset Management

GE Intelligent Platforms and Metso Collaborate on Device Asset Management Solution

GE Intelligent Platforms today announced that it is collaborating with Metso Corporation of Helsinki, Finland, a global supplier of sustainable technology and services, to resell its Metso FieldCare Device Asset Management Solution. This solution provides device asset management that delivers benefits to the customer through the complete process plant lifecycle.

Asset Management

The Benefits of PAS55 for the Water, Wastewater and Electric Industries

The Water and Wastewater industries probably have the greatest opportunity of all major utility sectors to add value in this way however, they also face the greatest practical problems and risks in doing so. Developments in Corporate Governance also require best Asset Management practice of this type to be deployed. There are a number of Asset Management Tools and Models available of which PAS55 is a supported and leading example. There are two distinct processes which need to be undertaken. These are: i) Utilities are keen to use such tools as vehicles for discussing objectively their capabilities with key stakeholders such as Regulators and Financial Institutions. PAS55 and the UKWIR Asset Management Planning Assessment Process model are ideally suited for these tasks. ii) Utilities are also keen to inspire and support their staff to develop new Asset Management capabilities which systematically add value for stakeholders by reaching and defining best practice. PAS55 and the UKWIR models can be used for these purposes but there are better tools available at present. Modifications to PAS55 and/or the UKWIR models could make them more suited to these tasks.

Asset Management

BSI-PAS 55 The Benefits for Utilities - A Regulator’s View

Ofgem has a long standing interest in asset risk management, for example surveying practices within the energy network companies in 2002.

Following the publication of BSI PAS 55, Ofgem is now encouraging GB Network Companies to undertake certification to PAS 55 and is monitoring each company's progress towards certification and is expecting that by 2008 companies will be certified and report their certification status to Ofgem on an annual basis.

Ofgem has also participated in the development of the IAM assessment methodology. The presentation will review current status and how PAS 55 implicitly benefits the customer.

Asset Management

Leveraging PAS 55 Within National Grid

National Grid's journey with implementing PAS 55 Development of a cross business asset management initiative Using PAS 55 to develop a common language across different geographies and networks Using the platform created by PAS 55 to share business practices and develop common ways of working Sharing asset management practices with businesses outside National Grid using PAS 55.

Asset Management

100,000 More Pumps Will be Operated by Coal-Fired Power Plants by 2015

Coal-fired power plants throughout the world presently operate 300,000 pumps. This number will increase to over 400,000 by 2015. These pumps will be moving over 1.2 billion gallons/minute. Annual revenues for new pumps will increase from $542 million this year to $776 million in 2015. These are the conclusions reached in the newest expansion of Pumps: World Markets an online publication of the McIlvaine Company www.mcilvainecompany.com.

Asset Management

Asset Management Awards Entries Now Open

Asset Owners, Service Providers and organisations responsible for physical assets and their safety, reliability and revenue outcomes are encouraged to enter the Asset Management Council’s (AM Council) 2010 Asset Management Awards.

Asset Management

District of Columbia Water Authority to automate water and sewer system and create business

ARMONK, N.Y., Nov. 19—IBM ( IBM) and the District of Columbia Water and Sewer Authority (DC WASA) are working together to modernize the management of the aging water and sewer infrastructure hidden beneath the nation’s capital. The sprawling infrastructure includes hundreds of thousands of assets such as water distribution pipes, valves, public fire hydrants, collection pipes, man holes and water meters.

Asset Management

Management of Change (MOC)

Organizations are recognizing that standardized and complete asset data is critical to having trustworthy information on which to act. Obtaining this data is a costly endeavor, and as soon as

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