1.04 Strategic Planning

The Organization-Wide Physical Asset Management (OWPAM) Approach is an interactive session to explore the asset management landscape and to help asset management practitioners and organizations on their path to implementing an organization-wide physical asset management system. Ask anyone in your organization individually and you’ll hear that each is doing a great job. However, when you bring all those individuals together and ask the same question again, you’ll most likely get a different answer. Traditionally, physical asset management systems have always been silo-based in organizations. The effects of those silos have significant implications creating gaps and overlaps in business processes and impeding the decision-making process. Managing physical assets by nature is a co-operative and cross-functional discipline to realize maximum value. What really creates value in physical asset management systems is the holistic approach, which is that every organization exists to provide value as a whole, through better co-ordination, collaboration, and alignment across functional areas. This OWPAM Approach session looks at the key physical asset lifecycle strategic and tactical activities involved in an organization-wide physical asset management system and prioritizes them to develop an implementation plan. Participants will interact with one another to understand the whole spectrum of strategic and tactical activities required for a holistic and organization-wide physical asset management approach; discuss physical asset management activities, how they apply to their organizational context, and how important they are from a whole lifecycle delivery perspective; identify ownership issues, gaps, and overlaps that could exist and that are critical for the successful implementation of physical asset management; and generate discussions around the implementation plan and priorities to meet organizational objectives and enable realization of maximum value.

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

Many organizations have implemented processes and tools to collect data to facilitate informed decision-making. Often, they will seek out best practices and measures to assist in decision-making or rely on technology to guide their basis. In many cases, however, these same organizations approach a gap in tactical deployment and in the ability to draw a connection to the follow-up or pre-emptive actions required to derive value from assets. We'll review the processes for establishing a framework for alignment and priority setting while looking at the techniques used for resiliency and risk management using a technology-agnostic approach. We'll review potential data sources that can be leveraged for decision-making and can reflect the needs and current state of the business environment. Additionally, we'll discuss the relationship and application to the decision-making process.  

The U.K. railway network dates back to 1825 and is the oldest railway in the world. Several electrical assets on the network such as track power cables, switchgears, overhead line isolators, circuit breakers, and insulators are beyond their design life and the business must decide whether to renew or replace them—even though they're still operating at the optimum performance level. These assets are still being maintained at the original regimes; the challenge to the business is to understand the degradation models and change them to achieve different maintenance regimes for the aging assets. The work we're currently undertaking is intended to influence and change our asset policies—in particular, the assignment of asset regimes for assets that remain in service at the end of their design life and beyond. The philosophy behind the maintenance regimes is that they're based on degradation models, which are algorithms that consider various factors such as the environment, the loading, the utilization, the reliability, and the cost for interventions. The approach we pursued was to review the parameters of the degradation models for their “fit,” based on the knowledge asset managers have gained on the ground and through large volumes of asset data. The asset data was analyzed with data visualization software to gain further insight to influence the review of the degradation models. The findings of the work are summarized here: asset population is aging and future renewals bow wave are predicted; asset policy pushes all assets to maximum asset technical life and fix-on or run-to failure; safety-related works prioritized over asset performance/resilience; there's a need to modify some factors associated with the degradation models to cater for extension of technical asset life and maintain a more realistic/sustainable asset renewal profile; composite asset condition scores are required to manage bow wave of asset renewals and implement sustainable obsolescence management techniques (this is predominantly driven by organizational investment decisions where enhancements are the main driver of asset acquisition, making future renewals difficult due to the requirement to renew similar age assets at the same time); and determination of useful asset life required for assets that are being left in service longer than their originally predicted life.

The structural configuration of an organizational design is the way work is divided and how it achieves co-ordination among its various work activities around the assets’ lifecycles. An organizational design structure resolves two basic tasks to get work done: dividing up the work into logical units, which enables performance management, and ensuring the work gets done by providing the co-ordination and control of work. In this webcast we’ll look at four models and discuss their advantages and disadvantages and present suitable information on typical roles and responsibilities that will be reflective of the selected model. The goal of asset management (AM) is to ensure that an organization’s staff is always working on the right activities at the right time, for the right reason, and for right cost. The AM governance model is intended to ensure there is effective collaboration and co-ordination to make this happen around all business processes. With the right AM governance model, overall AM program development can be expedited and new ways of working can be quickly integrated into the organization’s AM culture. We’ll provide the actual results from a number of case studies to demonstrate the value of designing and implementing the most appropriate AM governance model for your organization.

In this presentation that was given as a keynote at MainTrain 2017, John Hardwick explains how the data captured while we are managing maintenance can be leveraged by the business to make critical high-level asset management decisions. The presentation makes very clear the distinction between "managing assets" and "asset management" and illustrates the interrelationships between them. 

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. 

Using background from the RAMS study and the Computerized Maintenance Management System (CMMS), learn how the development a maintenance strategy is an important activity that determines the operational Availability. This presentation will show asset managers and reliability engineers the elements required for a Maintenance Strategy Development, and how to drive that strategy. You will learn how to select an effective maintenance task, as well as the risk of a static asset strategy.