In today s episode, the guest Scott Kelley tells the audience about the importance of a plant in the asset management model. The plant cell is not just limited to the physical assets of the organization but it also includes the methods, risk evaluation, and mitigation strategies which you need to take care of to keep your plant performing at its best. The physical assets, facilities, and the equipment that you are using play a critical role when you need your plant to be working successfully. To accomplish this, you will need an asset management plan which should answer the following questions; what to maintain? How to maintain? When to maintain? Why maintain? Who will maintain? How and where to document the information? What is the cost involved? What are the consequences of non-maintenance? Now there are some facets that need to be kept in mind while planning for the asset management especially your plant.
The first facet is the EAM, CMMS or AMS which is basically the backbone of your asset management planning. You can keep the records in a hierarchical manner while keeping the information in relationships and classes. This computerized system makes the flow and availability of the information very easy and efficient. You can also refer ISO 14224 for maintaining this hierarchy of managing assets. But no matter what kind of system you use, it should be fit for the purpose.
Then comes the Risk-Based Criticality Analysis which includes the safety issues, environmental issues, and profitability. When the criticality of an asset is measured, it involves all of the three components as they are also dependent on each other. You also have to look at the risk when you are categorizing and ranking an asset.
After this, you can assign mitigation strategies that are proportional to the risks. If the risk of failure is high, you can perform RCM analysis to determine the failure modes and find ways to mitigate them. You can also use FMEA to know the consequence of the failure at a higher level. You can use different strategies but the main purpose of these is to do preventive maintenance. This also ties back to the people who are going to execute these strategies.
You will need a spare parts strategy as well to identify the critical assets and determine how to maintain the required spare parts within your facility. You need to plan for every part to make the best use of space and budget you have as it can save you a lot of time and investment if done properly.
The next is Physical Assets Plan which includes you long term capital plans that become more critical if you have more plants. It means that have to be able to make better budget estimates all the time.
The last is the integrity management program for the assets which means you have to maintain the value of your assets so that they can serve the value that they are supposed to.
Eruditio, LLC Links:
- Eruditio, LLC
- A Smarter Way of Preventative Maintenance – Free eBook
- Maintenance Planning & Scheduling: Planning for Profitability Video Course
- Plant Hexcellence Article on Plant
Geometric Reliability Links:
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