Wayne Jurgensen, Senior Reliability Consultant at Honeywell, discusses how to drive long-term value and success using Asset Performance Management (APM).
A large water utility decided to develop and implement a corporate risk management program that could identify and manage the top twenty-five risks across the organization considering three focus areas: corporate, operational and asset risks.
Performing self-assessments to gauge where you have been an important step in determining areas of strength and for identifying needs for improvements. This assessment gives you data you can act on and it can be performed in one day.
The operational success of a facility depends on the alignment of three key disciplines: reliability, safety, and maintenance. The process begins with an in-depth understanding of the assets, energy, people, tasks, and potential risks involved. The results are measurable, valuable, and impactful.
This paper is a continuation of Part A, published on July 31, 2023, apropos a 7 step approach to assess and measure the condition of ageing assetswith respect to physical degradation, loss of performance, and obsolescence.
Asset condition assessment (ACA), asset health index (AHI), and asset remaining life (RL) all have the same essence, and all share a common goal: to assess and measure the condition of an asset in terms of physical degradation, loss of performance, and obsolescence.
The problem with this simple approach is context. Can it really be said with confidence that a rare but catastrophic event is as low a risk as a negligible but frequent event?
Asset management is the coordinated activities of an organization to realize value from assets. Guidance in asset management can be found in the ISO 5500X series of international standards.
Machine learning technology can now predict equipment failures weeks in advance. But once you know a major failure is imminent, what next? How do you decide when and how to perform the repair to maximize productivity and minimize risk? Maintenance wants to carry out the repair quickly in the safest, most well-planned way. Operations wants to maintain production and is resistant to shut down until necessary. Planning and scheduling seek to assure timely product deliveries to
In a first of its kind initiative in India, an asset performance management (APM) was implemented focusing asset integrity management for the Oil & Gas major covering risk-based inspection (RBI) and reliability-centered maintenance (RCM) practices to facilitate the strategies for static and rotary assets.
Great Western Railway (GWR) is train operating company (TOC) operating under U.K. Government franchise that is awarded every four years and utilizes network rail infrastructure - depots, track and stations. Plant and Facilities Maintenance is an essential team, supporting GWR in delivering the aim/vision, "Railway of the Future." To practice asset management, our assets needed to be identified, ranked, assessed, managed and knowledge extracted.
One of the most important decisions we can make is how we make decisions. Understanding risk is at the foundation of every decision we make in asset management.
The aim of the project is to set-up and run preventive maintenance in SAP PM module with all necessary activities and preparation, implementation for HCC Complex with auto generation of work orders and all related processes.
This article takes you through the birth of RTI, explaining what RTI is, why it was created, where it fits into a maintenance reliability program strategy, how it is conducted and showing it in action with some actual results.
Consider this scenario: You are finalizing the planning of your company’s next major maintenance outage or capital project and are concerned the timeline is too tight and your team is small. You communicate this to management and...