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Asset Management

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It’s Our 100th Post! Thank You!

A look back at the past 100 posts and a look into the future

Over 2 years ago I decided to start writing about topics in Maintenance, Reliability and Asset Management utilizing a weekly blog post.  This came about as I wanted to share my knowledge and information with the wider community, as my “mentors” did.   I use the term “mentors” as I consider many of the industry leaders as my informal “mentors”.  I learned from them through their articles and books and they became my “mentor” as I was starting out […]

By |2019-04-19T15:49:51-04:00February 6th, 2017|Asset Management|Comments Off on It’s Our 100th Post! Thank You!
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Be Prepared: Have a Plan

Without a Plan, You’ll Never Get Where You Are Trying To Go

Image going for a vacation, but you don’t have a destination in mind, directions to the destination, or any funds allocated for the trip.  What kind of vacation will you have?  Chances are it won’t be a good one.

The importance of a plan cannot be understated.  Without a plan in any aspect of life, business or reliability, achieving goals are difficult, if not impossible.   Oftentimes organizations implement tactical activities, without a strategic plan.  This ad-hoc approach often results in certain […]

By |2019-04-19T15:49:54-04:00December 19th, 2016|Asset Management, Business R&M Strategy, Key Performance Indicators|Comments Off on Be Prepared: Have a Plan
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Learning about Asset Management

qtq80-Q20iuqMy personal insights on Asset Management

NOTE: This post will be a little different from my normal posts.  Instead of discussing a specific topic, I will be covering my journey in understanding Asset Management and some key takeaways from the journey.

My Journey in Asset Management

I first heard about asset management when I came across PAS55, a Public Available Standard from the UK.   I was trying to find some information on a cross-functional maintenance program.  As I briefly read about it, I was intrigued and started to read about more asset management.   It was exactly […]

By |2019-04-19T15:49:57-04:00September 26th, 2016|Asset Management|Comments Off on Learning about Asset Management
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Assessing Your Asset Management System

What You Must Know About Assessing Your Asset Management System

15579458367_5f6dd448ba_zOften times organizations what to determine where they in their journey of asset management.   This usually takes place in the form of benchmarking or assessing their asset management system against the standard.  Before progressing any further, it is important to understand the difference between an assessment and an audit;

  • Assessment is defined as a systematic process of collecting and analyzing data to determine the current, historical, or projected status of an organization or system.
  • Audit is defined as an inspection and examination […]
By |2019-04-19T15:49:57-04:00September 19th, 2016|Asset Management|Comments Off on Assessing Your Asset Management System
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The 39 Subjects of Asset Management

Understanding the different functions and disciplines of asset management

9655434118_7f7733437f_zThe Global Forum on Maintenance and Asset Management (GFMAM) has worked with the major bodies (SMRP, PEMAC, IAM, etc.) to achieve a consensus on the major subjects within asset management.

These subjects are intended to describe the complete scope of topics within asset management.   You can download the GFMAM guide for free here.  It is important that anyone who wishes to understand asset management has an understanding of each of these topics,  and hopefully some experience in each.

However, it is not expected everyone […]

By |2019-04-19T15:49:58-04:00September 12th, 2016|Asset Management|Comments Off on The 39 Subjects of Asset Management
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