00 Asset Management - General

Le Panorama de la gestion d'actifs est une initiative du GFMAM axée sur son troisième objectif à long terme, à savoir, « faciliter l’échange et l’harmonisation des connaissances et des savoir-faire en matière de maintenance et de gestion d'actifs.

The Asset Management Landscape is a tool to promote a common global approach to Asset Management.  It includes a number of conceptual models, a list of 39 Asset Management Subjects and Principles and a framework for describing best practices, maturity and standards. Two important purposes for the GFMAM Asset Management Landscape are to provide:the structure for building a body of knowledge for certification schemes and qualifications in asset management,the structure (and potentially the criteria) for assessing an organization.

Sustainability is an important objective these days, and many organizations are working to develop and implement policies that consider the long-term impact of their operations. Given its focus on “whole-of-life”, Asset Management has an important role to play in efforts to continuously improve sustainability efforts

Around the turn of the 21st century, municipalities began using the term asset management (AM) to refer to a broad range of processes that span the continuum, from managing short-term asset maintenance to long-term asset investment planning. Over the last two decades, AM has been accepted as an umbrella term that refers to the processes that work together to answer the following: When, why, and how should we spend money on infrastructure assets to ensure they meet evolving societal expectations? But the traditional approaches to developing AM processes—extremely granular asset inventories, age-based spending need forecast models, complex level of service metrics—have frustrated organizations, cost them millions, and not practically helped to answer this fundamental question. In recent years, a number of AM champions have developed a consumer-based approach to realize value from assets in the achievement of societal objectives. Clear processes create an asset expenditure to asset performance relationship that helps set overall spending levels and enables a living management system that’s used to develop dynamic prioritized short-term spending plans. This approach enables organizations to engage with their customers/clients to balance asset performance (level of service) expectations with financial affordability. This Asset Stewardship Quality Management System resets the AM paradigm by bringing clarity to what AM processes should do and how enablers (data, people, technology) can help. The tangible impacts resulting from the new AM paradigm include a reduction in the granularity of asset registers, improved accuracy of measuring asset performance and tracking asset spending, and confident spending need forecasts to ensure infrastructure systems can effectively underwrite desired societal progress. These tangible impacts are realized through addressing all three enablers: improving data management and data collection activities, providing a training program to staff, and leveraging innovations in hardware and software technologies.

On behalf of TEAM Industrial Services (TISI Canada Inc.), we are pleased to submit this abstract for consideration. Line Intervention is the means of isolating a piping system that has no other means of isolation. TEAM will outline our industry leading methods for keeping critical piping and pressure vessels online during repairs and modifications. We can speak to successful work executed on 600lb steam lines, 84” water lines, and everything in between. + Hot tapping provides a safe, reliable, and effective means to create a branch connection on ”live” piping and pressure vessels while they continue to remain in service. + Successful line stops are the key to continued safe and effective operations of platforms, pipelines, and process facilities. A single line stop can be used to stop and abandon a shutdown. Two or more line stops can be used in tandem to isolate and bypass many intersecting lines at once. Fluid in the line is bypassed, leaving a workable dead section to alter, repair or add a valve while the line remains in service. TEAM is the only global provider of truly integrated digitally enabled asset integrity solutions that result in greater safety, reliability, and operational efficiency across an entire supply chain. Through our unique value drivers, our global TEAM of subject matter experts develop comprehensive solutions, reducing downtime and keeping critical systems up and running.

Organizations have a performance metric for productivity measured as cost per unit produced, or sometimes called unit cost or cost of service. In operations, we recognize we can affect the numerator with how well we manage our costs, and we can affect the denominator with how much we can produce. What is Super-Productivity? We define Super-Productivity as the sum of all the bad over the sum of all the good. As a leader, if you really want agency over all your organization’s activities and you desire operationally excellent results, then you must reflect all the opportunity costs your organization has been blind to in the measure of productivity. Is your organization courageous enough to see yourself in that light? Few are. Here’s what it takes. Join Paul Daoust as we challenge our perceptions on the fascinating relationship between cost, performance and risk. Together we will apply these concepts to asset-intensive organizations to enable more, better decisions, vastly improved business plans and higher value business outcomes from the same assets with fewer resources.

Not all asset information is equal. Asset owning organizations benefit from having the right information at the right time. Asset knowledge primacy, an imperative to deliver operational excellence throughout the asset lifecycle. What is asset knowledge primacy? As the asset is developed and matures, stakeholders must calibrate data collection and exchange while curating fit-for-purpose asset information. Consistent thought-in-action leads to precision timing, relevance, and accuracy of information delivery. Successful asset knowledge capture is rarely accomplished efficiently or effectively. This doesn’t have to be so. In this presentation Chris Murphy will share an approach to provide asynchronous asset information delivery to best serve the life of the asset and support the organization to deliver value from the assets.

Asset management (AM) is a far-ranging topic and can be very confusing or overwhelming to anyone who is now embarking on a program or trying to take their existing program up a notch. The biggest impact in AM is on the planning side of the AM Framework. Essentially, if you plan well, then you can execute the right activities (capital project, operations, and maintenance tasks) well. Conversely, which is the case with many organizations, there is poor planning but with efficient execution of the work and attendant sub-optimal performance. Excellence in AM requires effective planning in three areas: Growth and Rationalization, Renewal & Replacement, and Operations & Maintenance. This presentation will provide best-in-class concepts for developing these three areas and the return on investment in effective planning, and will be supported by real-life examples.   Originally presented at MainTrain 2020

In our isolated world of maintenance and asset management, we often struggle to make a solid case for improvements we know will be of value to our organizations. Our managers and executives often don’t “get it,” and our best arguments just don’t hit the mark. Communicating what we know to be true is our responsibility; we cannot expect our audience to understand our knowledge domain as we do. We need to send clear, unambiguous messages that will be understood by the listener. This presentation will focus on ways to communicate the value that arises with good maintenance, and operational and asset management practices, throughout the lifecycle of physical assets. “Value” is often misinterpreted to mean “low cost,” especially in the accounting community. To them, value comes from minimizing any and all costs. Operations managers often interpret “value” as the ability to deliver more and avoid any downtime on any machine involved in production. To them, denying downtime for maintenance is a good thing to do. Maintainers tend to interpret value to mean fewer failures. Yet the avoidance of all failures may actually expend needless resources where there’s no need. Engineers often think of value deriving from the delivery of projects on time and on budget—even better if delivered earlier or at lower-than-estimated costs. Spending less upfront, however, can lead to high operating and maintenance costs for years to come. To an extent, they’re all correct, but they’re all missing the true meaning. We’ll speak to value, what it is, how our organizations can ensure it’s delivered, and how we can make a case to our managers and executives so they’ll understand. This presentation is based on Paying Your Way (2020), which will be used as a text for all participants, summarizing several case studies.    Originally presented at MainTrain 2020, September 15, 2020.   Webcast presented January 12, 2021