Asset management implementation plan and tiered system process by michael j. For example, asset utilization is impacted by both maintenance and non maintenance related downtime. Maintenance, repair, and operations mro in asset intensive. Our predictive asset maintenance capabilities to implement predictive asset maintenance, you need a range of disciplines not just the ability to identify the critical elements of a plant, and the problems to which they are prone, but also an understanding of maintenance processes, of big data analytics, of it, and of change management.
The goal of this approach is to extend the useful life of an asset and prevent breakdowns from occurring. This paper is designed to share some of the experiences in the 21st century of the development. The role of operations and maintenance in asset management. Eam therefore includes plant maintenance pm starting from computerizing a maintenance management system. Asset management is increasingly well understood by. Asset management includes three major categories of. Building an asset management policy can be a big task, so the payoff has to be worth all the work. They establish defined goals, service levels, inventory guidelines and standards of maintenance. Updated to account for iso 55000, benchmarking best practices for maintenance, reliability and asset management, third edition, now includes an overview of this seminal and longawaited standard and identifies the specific points where iso 55000 will impact maintenance and reliability. Asset maintenance management the path toward defect elimination the evolution of maintenance practices 1. Records maintenance the universitys bmc remedy4 asset management system will be used for maintaining asset records. Effective maintenance dupont maintenance study results 7. Oct 23, 2010 development of an asset management strategy. Sap enterprise asset management solution overview and.
An introduction to asset management a simple but informative introduction to the management of physical assets by robert davis we are all asset managers. For more asset management strategies, visit assetworksom pt 214 ssets ts esee asset management 101. Pdf framework model for asset maintenance management. Although its been around a long time, asset maintenance management has undergone continual name changes as well as changes to its overall definition.
This paper presents the development of a generic framework for asset maintenance management. Using a life cycle planning process to support asset management november 2017 3 life cycle planning objectives a strong lcp process enables an agency to. Linear asset management enterprise asset management sap. Concerned with the acquisition, use and disposal of assets to make most of their service and to manage risks and costs. We define asset management as a global management process through which we consistently make and execute the highest value decisions about the use and care of our assets. Jan 22, 2019 they outline how asset management is integrated within the organization. Enterprise asset management eam is the process of managing all the assets owned by a company with the objective of maximizing the return on investment on each asset over its lifetime. Asset maintenance am is a performancebased contracting method whereby the department contracts with private or public entities for the management and performance of the maintenance of the transportation facility components of specific roadway corridors or entire geographical areas. Consider asset utilization, as depicted in figure 2.
Support efficient asset maintenance and operations with. Asset utilization is a manufacturing level key performance indicator. Introduction asset management is defined as maintaining a desired level of service at the lowest life cycle cost. An introduction to asset management and asset management.
This document is intended to be a resource on components that should be considered for inclusion in the amp. Asset management the changing role of maintenance management p j jack huggett principal consultant the woodhouse partnership ltd. Asset management plan assessment guide this document is intended to provide water system personnel with a tool to evaluate and improve the accuracy and completeness of the facilitys asset management plan amp. In simple terms, it provides a means of determining the best way to spend your limited dollars to achieve the maximum impact. Additionally, asset management will maintain a gwlai asset request form5 to monitor the movement of assets in the environment. While maintenance management and asset management are technically different, they are still interrelated and flow well together. Unlike other maintenance planning and scheduling trainers who teach you the mechanics of maintenance planning and scheduling, i also teach you how to make vast sums money from maintenance through its proper preparation, organisation and delivery. An asset performance management maturity model is a systematic approach to analyzing an organizations asset management processes, technologies, capabilities, and systems. This helped enormously in developing the iam and the field of asset management, from a purely engineering and technical focus to one that recognises the need to engage across disciplines. Fundamentals of a sound asset maintenance management. Mro program can improve asset management and inventory optimization.
Pdf this paper presents the development of a generic framework for asset maintenance management. This april 2016 pdf of the ammj is the complimentary version of the. Asset management guidance and best practices managing utility assets in new jersey introduction the njdep is responsible for evaluating, managing and protecting new jersey s water resources to ensure that a safe, adequate, and reliable water supply is available to the public and to restore, enhance. Although its been around a long time, asset maintenance management has undergone continual name changes as well as changes to.
Benchmarking best practices for maintenance, reliability and. Asset management the changing role of maintenance management. Many organizations employing preventive maintenance use cmms software to trigger work orders when a pm is due. An introduction to asset management and asset management resources i. Maintaining assets at an optimum level at optimum expenditure over or under maintenance. Metrics andor cost models that can be used to measure the level of performance of each industry and competency are identified. This report will serve as a guide for maintenance and reliability professionals looking to improve the availability, reliability, and safety of their assets. Because asset management affects everything a municipality does, greater maintenance, and monitoring performance indicators. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. While the many similarities between asset management and maintenance management make it easy to confuse them as the same thing, there are actually. Including staff responsible for asset operations and maintenance throughout processes. A step by step asset management plan 7 understanding capital costs vs life cycle costs the capital cost of an asset is how much it costs to purchase or build it. The value planning and scheduling contributes is by.
Fundamentals of a sound asset maintenance management strategy. A framework for facilities lifecycle cost management. Establish a compromise between repair, replacement, servicing and useful function. Questions on asset maintenance management strategy can be emailed to me at. Differences between asset management and maintenance.
For more asset management strategies, visit assetworksom pt 214 ssets ts esee sset management ste ste sset management an 5 asset management planning asset management planning will provide your agency with best practices for the operation and maintenance of assets so money can be used wisely. Boost reliability, efficiency, maintainability, and safety of linear assets including roads, rails, pipelines, and electricity transmission lines using linear asset management software from sap. Establish a longterm focus for improving and preserving the system. Free articles maintenance management strategy development. Manage the entire lifecycle of your physical assets with our enterprise asset management eam software. Develop maintenance strategies that consider longterm investment needs. This allows a facility to automate much of its scheduling efforts, which is a key ingredient of this preventive approach. Principles of maintenance management people management financial management operations management principles of asset management asset acquisition decision and risk management learning outcomes after successfully completing the programme, you will be able to apply a systems approach to the management of physical. This paper is designed to share some of the experiences in the 21st century of the development of asset management in europe, and the uk in particular. In the past, the capital cost of an item may have been the only cost that. Itam enhances visibility for security analysts, which leads to better asset utilization and security. Best way to do is to derive a maintenance programme, based on detailed planning.
Maintenance planning and scheduling exists because it gives value to those businesses that use physical assets, such as plant, equipment, machinery, facilities and infrastructure, in providing their product to paying customers. Building an inventory of your assets scheduling and tracking maintenance tasks through work orders managing your budgeted and actual annual expenses and revenue. Fundamentals of asset management 3 drawing from the am knowledge base this workshop is produced by ghd inc. Asset management asset management is defined as achieving a desired level of service from your assets through maintenance at the lowest life cycle cost. Please browse this list of facility and enterprise asset management pdf books to help maintenance and maintenance management with their responsibilities. An effective it asset management itam solution can tie together physical and virtual assets and provide management with a complete picture of what, where, and how assets are being used.
Prolonging asset life and aiding in rehabilitaterepairreplacement decisions through efficient and focused operations and maintenance. Asset management guidebook for safety and operations. Cdotdtdr2001 prepared by cambridge systematics brw 150 cambridgepark drive, suite 4000 1225 17th street, suite 200 cambridge, ma 02140 denver, co 80202 sponsored by the colorado department of transportation. The definitions for each of the identified terms are derived from earlier work of the participating organizations. Maintenance done as explained in this book is not a cost. Life cycle cost appraisal, which considers the reliability, durability and maintainability is necessary to minimize total capital investment. Enterprise asset management eam software solutions sap. Taking the plant maintenance route to enterprise asset management. Maintenance management helps to guide the physical performance of maintenance equipment and activities efficiently, while asset management helps to analyze all the data for. Lowest life cycle cost refers to the best appropriate cost for rehabilitating, repairing or replacing an asset. Differences between asset management and maintenance management. Improving the maturity level will help an organization achieve ideal levels of apm outcomes. Asset maintenance and reliability management enerlytics.
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