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Articles: Asset Management

Reliability Across Division Lines

Navajo Generating Station, NGS, was built in the early 1970’s. NGS’s primary purpose was to provide power for the Central Arizona Project, CAP. The CAP carries Colorado River water to the metropolitan areas of Phoenix and Tucson. The United States Bureau of Reclamation, Salt River Project (SRP), Los Angeles Division of Water and Power, Arizona Public Service, Nevada Power and Tucson Electric Power are the owners. The Salt River Project is the managing owner.

Risky Business: Problem Areas Uncovered by the Transition to Risk Based Asset Management

Within the past few years we have seen an institutional shift in the way that asset-intensive industries manage their physical asset base in the United Kingdom. On the 2nd of February 2006, Ofwat the water industry regulator issued letter MD212 for Managing Directors in that industry. This letter spoke of the progress of the Common Framework, an initiative of the United Kingdom Water Industry Research (UKWIR), and referred to its evolving role as a framework to guide capital maintenance planning.

Software Increases Confidence in Decision Making

Reaching 99.8% Reliability by Amy Davidson

The vast amount of diagnostic information available today about the condition of critical production assets - information that can be of real value to decision makers -- can be confusing and even overwhelming. However, when information from hundreds or even thousands of separate sources is consolidated and organized on a single platform, a more complete picture of the health and operation of critical assets, or an entire process, emerges.

 

Strategic Advantages: Responsible Outsourcing in the New Asset Management Environment

Outsourcing as a Source of Competitive Advantage

Outsourcing is usually one of the more predictable suggestions of managerial consultants throughout the world. Generally these suggestions are made with either the intention of reducing direct costs, incorporating specialist knowledge , or avoiding the problems associated with hiring and keeping employees.

Strategic Planning For Asset Management – An Overview

The last great opportunity for enhancing corporate financial performance on a large scale. by James W. Davis, PE, Vice President, Strategic Asset Management Inc., Voice: 610-861-7472 E-mail: jdavis@samicorp.com

Sustained Reliable Operations Summit

Thank you for registering for the Sustained Reliable Operations Virtual Summit sponsored by GPAllied.

Taking Charge

Increase Safety & Reliability with Integrative Predictive Maintenance

by  Dale P. Smith, CMRP

MaintenanceElectricity, and its uninterrupted distribution through our nation, facilities and lives, is an inescapable requirement and the backbone of progress in today’s society.  The resurgence of US commerce is not possible without it.  Safe and reliable electrical distribution systems typically start out as being well engineered, with bright futures provided they receive regular, adequate maintenance and periodic testing.

The Benefits of PAS55 for the Water, Wastewater and Electric Industries

The Water and Wastewater industries probably have the greatest opportunity of all major utility sectors to add value in this way however, they also face the greatest practical problems and risks in doing so. Developments in Corporate Governance also require best Asset Management practice of this type to be deployed. There are a number of Asset Management Tools and Models available of which PAS55 is a supported and leading example. There are two distinct processes which need to be undertaken. These are: i) Utilities are keen to use such tools as vehicles for discussing objectively their capabilities with key stakeholders such as Regulators and Financial Institutions. PAS55 and the UKWIR Asset Management Planning Assessment Process model are ideally suited for these tasks. ii) Utilities are also keen to inspire and support their staff to develop new Asset Management capabilities which systematically add value for stakeholders by reaching and defining best practice. PAS55 and the UKWIR models can be used for these purposes but there are better tools available at present. Modifications to PAS55 and/or the UKWIR models could make them more suited to these tasks.

The Business of Asset Management

This is the first of a two-part article focusing on the current attempt to produce an ISO standard for asset management. This article will focus on the business reasons for asset management and the first two phases of an asset lifecycle.

The Business of Asset Management - Part Two

In the last issue of Uptime Magazine, we discussed the importance of managing assets from the initial investment planning to the design phase of an asset's life. The focus of the last article was to show how to maximize the return on investment a company receives for the life of the asset, thereby increasing shareholder value. This article focuses on moving the discussion from the drawing board to the shop floor.

The Central Issue: How to Make Distributed Maintenance Work

During the 90's, many plants have decentralized maintenance to a greater or lesser extent. While these plants have seen many gains from being closer to the consumer of their maintenance services, they also see issues emerging. What are the criteria to choose central vs. decentralized maintenance? Which functions and activities are candidates? Finally, what does this consultant recommend?

The Changing Role of Maintenance and Reliability Organizations in the New Economic Reality

In the current economic climate, companies are faced with making very difficult decisions. The recession has forced companies to re-evaluate their most basic business goals and objectives. This re-evaluation has impacted all business functions, but particularly the maintenance and reliability organizations. The maintenance and reliability organizations now have the opportunity to contribute to their companies in at least five areas. These include:

1. Excess Capacity/ Underutilized Assets
2. Idle or "Mothballed Assets
3. Deferred Maintenance
4. Skills Shortages/ Experience Retention
5. Sustainability/ Green Initiatives
Further examination of these five areas will highlight the changes and adjustments maintenance and reliability professionals will need to make in their roles and responsibilities.

The Connection Between Equipment Risk and Equipment Reliability and Its Affect

You can create outstanding equipment reliability, deliver high production uptime, and guarantee lower operational costs by removing the risk of failure from your machines and equipment. The more risks production plants and equipment are exposed to, the more certain it is you will get low plant reliability and high maintenance costs.

The Onesteel Eight Critical Elements of Asset Management

by Mark Brunner, Reliability and Systems Superintendant-Wire, OneSteel Rod Bar and Wire, Newcastle, NSW, Australia

OneSteel is a fully integrated, global manufacturer and distributor of steel and finished steel products, self-sufficient in both iron ore and scrap metal, with revenues in excess of $6 billion Australian dollars. They have major manufacturing facilities across Australia as well facilities in New Zealand, Asia and the Pacific and the USA. 

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Tried and tested techniques for risk mitigation!

By: Daryl Mather, Author of The Maintenance Scorecard

 

I think we are all of the same view that risk management is one of the growing areas of importance within the asset management arena. You see it creeping into every discussion, every solution discussed, and it is becoming one of the buzzwords of our time when dealing with how to extract greater economic value from the maintenance or asset management processes. So far so good!

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