1.02 Asset Mgmt Strategy & Objectives

This presentation is designed to assist the attendees to understand the concepts and principles of asset management.  It will then develop the vision for the maintenance and reliability organizations in an asset management compliant organization. The attendees will leave the presentation with a set of guidelines to insure that their maintenance and reliability organizations can properly support their company's asset management initiatives. 

In the face of global competition organizations must innovate to achieve their strategic goals as cost effectively as possible. In this session hear how the BHP Billiton Maintenance and Improvement team worked to validate the capability of the world’s biggest greenfield potash project. Using key pillars such as: asset management plan aligned with business goals, reliability design, maintainability by design, work management implementation plan, and asset care strategy development, this team unlocked new horizons of effective development for reliability and maintainability professionals. Thinking outside the box, using common and accessible tools, while determining the best stage each method should be implemented has been key to the team’s success.

EPCOR Water Services Inc (EWSI) began development of their Asset Management Roadmap / Framework in 2011. The initial Framework was closely aligned with BSI PAS 55 (later revised to reflect ISO 55000). In this session learn how EWSI attempted a typical management system development process over a 24 month period, and why this initial approach was unsuccessful.  In late 2013, a revised approach that looked at the asset management related gaps within EWSI operations and used process improvement methodology to develop procedures and tools to resolve those gaps was attempted. One of the major gaps identified was lack of asset management plans.  In 2014, a pilot project focussing on the 10-Steps of asset management (SIMPLE) was completed.  Learn how this pilot project allowed demonstration of the start-to-finish development of an asset management plan, and the development and field testing of several standards, procedures and tools that will become part of the asset management framework.   This approach demonstrated the value of asset management, resulting in greater understanding and acceptance of asset management throughout EWSI.