5327 0 obj <>stream ���R�|���CM�D1%�!��SP��>e�X� �P. Ensure that you have all the functionality you require, because asset management is closely tied to other service management … With a specialty in optimizing operations, maintenance best practices, and materials management, Andy has facilitated dozens of international improvement initiatives and regularly presents at global conferences and trainings to share his passion for Asset Performance Management (APM). Organizational Considerations . Measuring, reviewing, and improving are critical factors in success. Joe is responsible for building strategic partnerships worldwide with a focus on ensuring customers receive the most complete solution to optimize the performance of their assets. Within this element are the sub-elements, including the organization’s asset management policy, objectives, and asset management planning. 6. Without accurate, up-to-date information, decisions are more likely to be based on gut feel, compromising the decision’s integrity. This element describes the way asset information supports the delivery of an asset management strategy and objective. It summarizes the way the assets are managed and operated at the agreed-upon service level while optimizing the total cost of ownership at an appropriate level of risk. Asset management is defined as the systematic and coordinated activities and practices through which an organization optimally and sustainably manages its assets and asset systems, their associated performance, risks and expenditures over their life cycles for the purpose of achieving its organizational strategic plan … Let’s align the six areas to facility management functions. An organization’s asset management activities should align to the overarching facility objectives, providing clarity to organizational asset management priorities and goals, as well as a much clearer direction on ways to achieve them. Andrew Gager | CMRP, CPIM, CRL, CAMA 5. In industrial settings—an aging and transitional workforce, aging assets, and ever changing operational and market conditions—can quickly shift risk curves. Advanced Distribution Management Solutions (ADMS), Predix Asset Performance Management for Power Generation, Operations Performance Management for Power Generation, Digital Worker for Power, Utilities & Telecoms, Food & Beverage / Consumer Packaged Goods, A Time for Industrial Superheroes: GE Digital User Conference 2020, A Time for Industrial Superheroes: GE Digital User Conference 2020 – Day 3 Recap, A Time for Industrial Superheroes: GE Digital User Conference 2020 – Day 2 Recap. When combined with asset management objectives, strategic initiatives provide the required direction for detailed planning. �Ɇ��a�
Define the project. Strategy and Planning. Asset management plans (AMPs) define the implementation activities necessary to realize an organization’s asset management objectives which translate the strategic intent of the company. In this blog, learn the 5 steps to building an effective plan.
Asset strategies have existed for many years through constructs such as engineering design, maintenance and inspection plans, and condition and process monitoring. | Privacy Policy, Implementing a Successful Asset Management Program, Ready to see where your current asset management practices stand in comparison to ISO 55000 standards? And, we also know that high-value solutions exist today to optimize asset performance with the implementation of intelligent asset strategies. What are the best maintenance strategies? All play an important part in facility assets, their management and the stakeholders. Information Systems Data and Knowledge . Risk and Review. 4. ”. ��n}3��n��`p���;�A��t�FOa��yʾf�u����b�Zds>�3����W5��j�$O��Z}�y:����h����c�?|��H����,#��c���p��,/+Ƞr|�=~̋���9��0��S-ͳ�5*Fzv��~sj!�ȃ�AL�;����� ����$Ҋy�0.G�A�E���E�S:����%zZ��j��Ċ���)#?�@t�/��9(��ӫ�Z���u,�y�s�"�F��䟋�_���{T����! An asset management plan defines the activities that will be implemented and the resources that will be applied to meet the asset management objectives and consequently the organizational objectives. But what has shifted in more recent years is the overlaying of risk principles, easier access to the right data in the right context, and the implementation of analytical models, such as a closed loop system. Leveraging our industry-wide performance benchmarking capability, within APM Health, part of Predix Asset Performance Management (Predix APM,) can help you define your program and customize targets. There are different questions to be answered in the different management processes, like “What is the current state of assets, the level of service and performance? An asset management plan (AMP) is a tactical plan for managing an organisation's infrastructure and other assets to deliver an agreed standard of service. Getting the appropriate asset strategy in place quickly is essential, but also making it dynamic, aware, and intelligent is key to true strategy optimization. The relationship and interdependencies of asset management policy, strategy, objectives, and planning to achieve those objectives clearly demonstrates how important organizational alignment is to the … Need help finding a solution for support, or looking for support? 2.
Here at GE Digital, we believe the expansion of all of this technology will help our customers solve more complex problems faster. Ensuring the organization has complete visibility to what risks exist, how the risks are being managed, and what threats are emerging is essential to fully activating an APM program and ensuring effectiveness to deliver value. Asset data gives the organization the assurance that records are fit for purpose and consistent with the asset information standards. Select a solution. Sufficient, accurate data and documentation also must be collected so managers can understand information needs are in order to meet the requirements of internal and external stakeholders regarding information and reporting, both financial and non-financial. Effective organizational structure and leadership is crucial for fostering a culture that supports effective asset management. Determine which APM value lever best meets your corporate business objectives, map with your goals and measurements, and then implement your program. This exposes people and the environment to increased risks, and also exposes your business to the impact of unplanned downtime and regulatory scrutiny. 1.1 Implementation of Asset Management. Once managers achieve this step, this element will assist them in making better decisions by balancing costs, risks, opportunities, and performance. Does your organization have an asset management plan or stuggle with asset planning? Whether your organization is looking to ensure regulatory compliance, cost optimization, or uptime, APM can impact it. The implementation of asset management and asset management tools will help them to fulfill the current and future requirements in a repeatable and sustainable way. Quality systems are prime examples of this phenomenon. It is incumbent on the leadership and management team to assure that the organization’s structure, competence, and culture achieve the asset plan’s objectives.
Director 1. Complete and refine The best-performing operations recognize the importance of risk, and they consider it part of their continuous improvement process.
Asset Management Objective CDOT Unit Responsible Task Timing and Cost A. The scope of this strategy provides the overarching objectives, vision and direction for the development of the service-delivery strategy and tactical activities. Instead, it is designed to coexist with other programs to optimize resources, whether they are human, physical, fiscal, environmental, or social responsibility. The best part of this step is that APM software provides the measurement and status, and ultimately does the heavy lifting through industry standard metrics, health indicators, and dashboards. All assets are not created equal. Whether it’s a particular facility, asset type, manufacturer, or industry regulation, setting focus based upon the highest business risk is key.
Asset Management Decision Making. The management of the road infrastructure assets is a big challenge for many road organizations. An organization’s asset management activities should align to the overarching facility objectives, providing clarity to organizational asset management priorities and goals, as well as a much clearer direction on ways to achieve them. Typically, an asset management plan will cover more than a single asset, taking a system approach - especially where a number of assets … r���o5�� �';��w��|��:y����l9�{�G����x�I��i�=��S�N�@2�w�>�)��E'����>~]�}rP�`��z@[�" �Q�@��>(�y#��Q�x�4��`e&zǾUT].j�qgU���o\�J�u�m�=�����m��4ݱ M��+�X�kv�?���"+O6�H`�*O~Ѹ6�v%����:/�P��2T��)�ݚ�����8�Ԫ |#O&��@. Determine timeline and milestones. !��u�%�0���Z36M�d�dZ��@kYh*�X���9�G��y�$�I�$�m���u� Take our complimentary. This process is critical to any organization, and it lays the foundation for future plans, staffing, and funding. Let’s take a closer look at the six elements. Designate the task force, building upon the experience of the Project Panel for Asset Management Plan development. Every organization should consider elements of ISO 55000 if they are not already in place. • Asset Management Plan … Too often, we see customers performing maintenance that does not have a risk-mitigation benefit – this ultimately increases cost. Written by ISO 55000 complements existing systems, but it does not replace them. Risk management is a structured way to identify and analyze potential risk, and to devise and implement appropriate responses according to level of risks. It includes developing standards that ensure a consistent approach to capturing accurate information.
Build a business case. What is my strategy to mitigate the risk associated with a failure in an optimized manner?
The element of organizations and people involves the people responsible for executing the strategies. Continuous Improvement Through RCA: Series Intro, The Benefits of an Asset Management Program. The standards define an asset as “an item, thing or entity that has the potential or actual value to an organization.” It defines asset management as “coordinated activity of an organization to realize value from its assets.”. First, consider strategy and planning. And, we also know that high-value solutions exist today to optimize asset performance with the implementation of intelligent asset strategies. Organizations and People. Life-Cycle delivery. The sub-elements in this area includes risk management, operating plans, maintenance plans, capital planning, and strategies, and decommissioning plans. How does this process benefit managers and their facilities?
Near-term B. In total, there are 39 subjects or sub-elements that managers should address when developing an asset management strategy. The organization’s asset management activities should align to these overarching facility objectives, providing clarity to organizational asset management priorities and goals and clearer direction on ways to achieve them. As employees become more reliant on software to help them communicate, organize, and even automate daily business operations, Software Asset Management (SAM) has become a business-critical process. This element formalizes and documents the organization’s decision-making process.
[i] An asset management plan provides the direction to and the expectations for and individual asset or for a portfolio, group or class of assets …
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