CRL 1-hr: 9/26 Introduction to Uptime Elements Reliability Framework and Asset Management System

Commitment from senior management is a critical precondition for a successful asset management system. Although incremental improvement projects can be initiated throughout the organization, it is critical that it the program is driven from the top. This philosophy is backed up in the new ISO 55000 standard for asset management.

Asset management directly impacts the value delivered per capital employed, as well as the safety and environment risks the organization is taking to delivery that value. Top management has ultimate responsibility for both these measures, and cannot just delegate that responsibility away. If disaster strikes, senior management will be held accountable.

That is not to say that every detailed decision needs senior approval. Executives are responsible for establishing the overall asset management policy that defines the parameters within which detailed decisions can be made by lower level management. Senior management needs to clearly define functional and geographic areas of responsibility, and the standard roles and responsibilities of key management positions within those business units. Leadership and direction should be provided to people in those roles to clearly define accountability and success measures, and to promote collaboration across functional and geographic boundaries.

For more on what is needed to succeed in sustaining improvement initiative, view the Bentley webinar on this topic here. 

Tip Provided By: Bentley Systems 

Bentley Logo

Upcoming Events

August 8 - August 10, 2023

Maximo World 2023

View all Events
banner
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
DOWNLOAD NOW
Asset Condition Management versus Asset Health Index

Confusion abounds in language. Have you thought through the constraints of using the language of Asset Health?

Seven Chakras of Asset Management by Terrence O'Hanlon

The seven major asset management chakras run cross-functionally from the specification and design of assets through the asset lifecycle to the decommissioning and disposal of the asset connected through technology

Reliability Leader Fluid Cleanliness Pledge

Fluid Cleanliness is a Reliability Achievement Strategy as well as an asset life extension strategy

MaximoWorld 2022 Conference Austin Texas

Connect with leading maintenance professionals, reliability leaders and asset managers from the world's best-run companies who are driving digital reinvention.

“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.