2024 Schedule

We were not able to leverage the full capabilities of our EAM tool because assets were not mapped consistently and coherently within our operating sites and across various operating sites of our company. Therefore, we undertook the project of realigning the assets in our EAM tool. We leveraged the opportunity presented to us through moving to the upgraded version of EAM. We capitalized on that opportunity and included the scope of realigning the assets. The realignment included not just the hierarchy of the physical assets but also the classification of asset hierarchy based on asset types by utilizing the capabilities of the EAM tool. This exercise also involved the inclusion of failure codes at the right granular levels. A realigned asset hierarchy brings benefits such as improved reliability and criticality assessment, improved cost tracking, and better monitoring of KPIs. It facilitates asset location and standardization of reports and supports root cause analysis. This presentation will review our approach, lessons learned, and associated risks and successes.