Asset Reliability Optimization
1
1 Asset Reliability Work Management
Work Processes
- Asset Strategic Plan Development
- Work Management Business Processes
- Project Management
- Asset Performance Analysis
- Asset Financial Analysis
- Asset Improvement
2
2 Metrics Demonstrating Process Utilization and Efficiency
Process Results
- Strategic Financial Indicators
- Work Schedule Compliance
- PM/PdM Compliance
- Asset Cost v Projected
- Op Envelope Compliance
- Asset Availability/Reliability
- # Initiatives Identified & Completed
- Asset Replacement Plan
3
3 Process Metric Results
Work Results
- Decreased Repair Costs
- Workforce Productivity Increased
- Decreased Asset Cost
- Lower Project Overruns
- # Asset Replacement v Plan
- Asset Uptime/Production Increased
4
4 Financial Results
Business Results
- Increased Organization Profits
- Lower O & M Costs
- Increased Asset Yield (Production)
Reliability Process Fundamentals
- Plant & Reliability Event(s) capture
- Opportunity impact/ value quantification
- Future risk determination
- Event correlation
- Event identification and categorization/ prioritization
- Assign analysis and response Owner
- Plan/Define scope of
- RCFA Analysis
- FMEA Analysis
- Bad Actor
- Problem Solving
- Define level of System/ /Process/Equip knowledge
- Define resource levels & skills required
- Issue justification/need for approval
- Role assignment
- Task assignment
- Team training & preparation
- Coordination with plant resources and activities
- Issue estimated timeline and project brief
- Confirm Ownership
- Execute agreed process steps
- RCFA analysis
- FMEA analysis
- Bad Actor analysis
- Problem Solving
- Progress tracking & updates
- Data gathering and fact resolution
- Quantify Improvement/resolution
- Team completion/signoff
- Audit of results/approval
- Performance improvement data capture
- Formal Result/Recommendation documented and issued
- Recommendation ownership
- Formal change procedure (standards, procurement, equipment, SOP, etc.)
- Ops/ Maintenance/ Eng. Work processes
- Logistics support re-alignment
- Contracts
- Inventory
- Skill requirements
- Maintenance plans
- Ops Procedures
- Improvement tracking/ Value reporting
- Objective non-fulfillment escalation
- System/ Equipment functional analysis (RCM)
- Performance trending/gap analysis
- Recommendation tracking and reporting