The RELIABILITY Conference Asset Management Forum - 34:05
by Greg Perry

The foundation of any CMMS initiative is to understand, manage and improve the performance of the company's assets. In order to deliver on this premise, there must be an underlying hierarchical structure that governs those assets. There is no magical, predetermined asset structure, but there are underlying principles that any organization can use to develop their own asset hierarchy. With the right asset hierarchy, an organization can endeavor to improve asset performance through such Reliability Centered Maintenance (RCM) activities as Failure Modes & Effects Analysis (FMEA), and Root Cause Analysis (RCA).

This session will discuss the importance of structuring 3 main levels (Location, Entity and Component), and how each level is used in support of RCM activities such as FMEA and RCA.