03 Asset Strategy Management

Reliability Block Diagrams (RBD) help organizations achieve new project goals which makes them an especially important tool under the restriction of budget and production cuts that are currently typical due to economic constraints such as low oil prices. At design stages and under new budget cuts, management should consider a few things besides meeting the projects budget like: New plant capacity expected; Plant overall reliability and availability; Operating risks; and Projected maintenance costs. Participants will see that by building an RBD the project team will have a document that will help in the decision making while supporting both in production and economic terms a decision. 

Today, leaders of organizations are stretched to do more with less. They are asked to cover more areas with fewer resources, with less time and smaller budgets. Given these constraints, how can we continue to drive improvement and achieve success? We must focus tactically to drive improvement and eliminate issues that impact our ability to perform. In this session participants will see how focused improvement efforts can provide significant bottom line impacts and be sustained after the project. Learn how chronic and persistent reliability issues can be solved using a targeted Process Performance OptimizationSM (PPO) approach that integrates best practices in change management, lean and asset management. In order to effectively drive PPO, organizations should focus on this four-step approach along with weaving in an appropriate level of change management to sustain the gains.

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.  

"Uptime - Strategies for Excellence in Maintenance Management" has been a best-seller since 1995. It's 3rd edition includes a number of significant changes from the earlier editions reflecting changes in successful practices, the emerging field of Asset Management and the new imperative that any changes become sustainable. This workshop will provide an overview of the new Uptime "Model of Excellence," introduce the book's new material, explain how it all works and fits within the broader asset management framework.

A Condition Based Maintenance (CBM) program has become a key strategy in any maintenance/reliability improvement effort. In this webcast Dharmen Dhaliah provides an overview about how value can be realized from a CBM program.Depending on the industry and the complexity of its asset a large percentage of maintenance tasks are condition-based. On-condition tasks or predictive maintenance tasks are the preferred tactics to apply when it comes to proactive maintenance. However they are not inexpensive when technologies such as vibration analysis, infrared thermography or oil analysis are required. As maintenance/reliability practitioners we fully understand the benefits of investing in a condition-based maintenance program. Our biggest challenge is how to consistently demonstrate those benefits at different level of organization to keep the program alive.

Asset Management is on the minds of many decisions makers as they struggle to maximize the investment of their assets. This session will provide some key insights along the AM journey and provide attendees with ideas about on how they can develop their own AM Roadmap to get to their destination of maximizing their asset investment. As well, learn about the new AM rules that should be applied in the face of new and emerging business drivers such as AM policy, vision, strategy and framework, as well as business process and maintenance effectiveness, and risk management.

In his keynote presentation, Alex will explore the various stages of asset life and the decisions which must be made in each, as well as discuss the meaning of whole life asset management. You will also be introduced to modern methods of cost/risk evaluation and optimization; and see some practical approaches to whole life cycle asset management and how this impacts maintenance and reliability. Alex will explore maintenance and reliability in the context of your organization and challenge maintenance and reliability professionals to consider alternative approaches.