This paper describes the processes that assure asset management compliance with statutory requirements for maintenance delivery.
The work involved the efficient upgrade of the asset management system from initial asset validation to a final upload of the master data.
Between 2015 to 2017 we completed statutory compliance assessments for maintenance programmes across all Australian States and Territories on over 150 facilities across 500 plus buildings, and over 300 unique asset types. We found compliance gaps from 10% to 35% based on asset type and maintenance frequency.
This article demonstrates the commercial value for an organization improving its entire enterprise asset management approach in line with the ISO55001 standard… Commercial value is realized by the removal of waste in asset management delivery so that the investment is prioritized in accordance with measured business outcomes
In this paper and case study, we show how our process was able to provide cost savings of up to 40% of total annual preventive maintenance through a rationalisation of the Preventive Maintenance (PM) strategy without increasing overall risk to operations and still assure compliance to mandatory maintenance.
This paper presents a methodology for the efficient upgrade of the maintenance strategies for all assets in existing facilities from initial asset confirmation to upload of the master data in the management system. The techniques are presented utilising a case study of a coal-fired power-station in Southeast Asia. The challenges which were addressed included an inaccurate plant configuration and inefficient preventive maintenance (PM) procedures resulting in a steady decline in the power-station reliability.
The major topics dealt with in this paper include identification of items to be maintained under a preventative maintenance schedule (PM) in a facility and the assessment of the criticality of each of the nominated items of plant. Based on the asset listing a preventative maintenance schedule and inspection plan, covering simple inspection, trade level […]
This paper presents an objective methodology for maintenance data analysis. The purposes of these analyses are to identify strengths and weaknesses in the maintenance management system, opportunities for improvements, and benchmark maintenance key elements against maintenance best practice. A wide range of reports can be provided from analysing the data from computerised maintenance management systems. […]
This paper presents various methodologies and issues associated with a total asset management process that embraces the use of capital and maintenance expenditure to ensure assets meet the full spectrum of operational requirements, including safety, performance and return on investment. Pervading the entire process is a risk management process that is a function of the […]
Risk management is a pervasive tool which can be employed by both production and maintenance groups as a basis for communicating a perception and to use a priority-setting tool in the absence of detailed information. Used correctly, the quantifiable description of risk such as a risk level or safety index, can streamline work and consequent […]
The management and associated costs of inventory is an area of increasing concern. In the case study presented in this paper, considerable effort was allocated to managing the stores holdings in a cost effective way. The task remains to continually balance the investment in holdings versus avoiding costs due to not having a spare immediately […]