2023 Schedule

When prompted, most senior executives will insist that asset and process safety data is a valuable corporate asset. However, all evidence points to the contrary. Companies report and monitor many KPIs across finance and operations, yet few, if any, involve monitoring the quality of the organization’s asset and process safety information, and how it supports effective decision-making. Since many of these companies have reliability and maintenance programs that rely on exactly this data, it’s not surprising that when these programs fail, root cause analysis often reveals ineffective performance measurement due to unstable or incomplete asset data foundations. This workshop will address this common lack of metrics in asset data quality. In an interactive setting, participants will explore how most mature performance metrics focus on the work execution process, causing latent risk to go undetected because the underlying asset information quality is lacking. We will share a methodology to link a performance measurement framework to the lifecycle of physical assets. A register of practical quality and performance metrics will be produced, with input from workshop participants. Participants will learn from peer subject matter experts and be given an opportunity to share their own successes and challenges with measuring asset performance. The workshop will include practical guidance on the following: how to leverage and align with data management principles from IAM SSGs (Subject Specific Guidelines), ISO 14224, ISO 15926, and other industry data guidelines and standards; how to practically apply master data standards to govern and measure quality of asset data; and how to determine the applicable metrics during times when business drivers change, to support M&R programs.