Previously, we posted about the details of our Asset Performance Management program to ensure you get the most out of your assets while keeping costs down. The focus is on optimal asset management from cradle to grave. Our method to accomplish optimal management is by fully utilizing tools that are offered through the Maximo Application Suite. In summary, the APM approach includes focused development in the following areas:
1. Asset Walkdowns
In our experience, most customers benefit from a walkdown of current assets. Yes, this can be an expensive and time-consuming task. This is why we recommend a phased approach. Start with your most critical assets in Phase One. And during this phase, reassess how you are currently capturing the information necessary to truly measure and adjust management of the asset. Do all the assets have an ‘Installation Date’? Are your Asset Classifications robust enough to assess performance across areas such as manufacturers, models, and more? Further yet, do you have a solid paradigm to consider which are the most critical assets?
The asset walkdown would take place after making sure the details for what needs to be captured during the walkdown are solid.
2. Maximo Workflows
In our APM system, we utilize automated workflows to ensure that the correct assets are procured, set-up, operated, maintained, and decommissioned using a structured process where the right people are obtaining and utilizing the right information at the right time.
3. Reports, KPIs, and Start Centers
We have established Reports and KPIs that can be configured to each specific client’s needs that are vital in tracking progress in the Asset Performance Management system. For those familiar with the Maximo system, presenting powerful diagnostics directly in a KPI or Result Set on a Maximo Start Center can be invaluable. You have this information directly accessible to you every time you log in.
In more specific posts to come, we’ll discuss the Operational Dashboard introduced with the Maximo Application Suite that can be utilized instead of a Start Center. Here, you may present a wealth of results to your team on which to act.
4. Asset Classifications
Classifications were mentioned previously in relation to asset walkdowns. Orgro has specific templates for classifications that can help standardize and capture pertinent information related to your assets. Getting this part right is essential to ‘down-stream’ reporting needs and performance assessments.
5. Failure Classifications
Many have tried and failed at developing complete Failure Classifications on assets. Large, complex projects have been launched to identify the hierarchy of Problems, Causes, and Remedies. Now, the Maximo Application Suite offers the Reliability Strategies solution to help. Here, you get pre-built classifications that can be adjusted to your needs. We will help you in these adjustments taking in mind industry standards. This is another topic that we’ll explore more fully in future postings.
6. Work Order Feedback Loop
When work is being performed in the field, are you capturing critical updates to asset information in Maximo? It’s your maintenance or operations team that will provide invaluable updates on assets over time. For instance, perhaps the maintenance team notices that the Likelihood of Failure rating should be adjusted. We provide tools to help ensure those details are updated. A critical part of these tools and processes involves the Work Order Management Cycle itself. From work order creation to review, don’t miss important opportunities to keep your Maximo system up to date with good data.
7. Health, Monitor, and Predict
We finally turn to the heart of the Asset Performance Management program. Are most of your current preventive maintenance routines carried out based on elapsed time? Is your maintenance team performing maintenance on assets every month, quarter, semi-annually, or annually? Perhaps work orders are triggered from PMs based on manually entered meter readings. Is this the most effective way to maintain those assets, especially the critical ones? The future of asset maintenance involves the use of sensors on asset, interpretations by AI, and the performance of maintenance ‘just in time’. Maintain an asset too much and you could do more harm than good. Why not harness the power of newer technologies such as advanced Sensors and AI interpretations to manage maintenance operations more precisely?
Above is a generalized list of our offerings within the Asset Performance Management program. We will be providing more detail on each individual point in upcoming posts. But let’s close with a reality check. None of the above solutions will work if implemented in an ineffective manner. That is why we implement Organization Change initiatives throughout. Yes, there are all kinds of new and effective tools that could vastly improve maintenance programs. Will they be accepted? Will they be adopted? Organizational Change initiatives with a strong emphasis on constant communication and continual improvement are the keys.
Given the strong interest in these new capabilities, we are building out a wait list now to discuss our offerings and schedule on-site review. If interested, do contact us to join the wait list. Feel free to enquire about any aspects of our program where you have questions.
Thank you and may your maintenance program offer a great value in helping your organization meet their strategic goals.
