Archive for the ‘Industry Solutions’ Category

ISO 55000 Asset Management Standard, Get Involved

Monday, August 29th, 2011

ISO 55000 Asset Management Standard is in development. Get involved: links for working groups http://www.iso.org/iso/iso_catalogue/catalogue_tc/catalogue_tc_browse.htm?commid=604321

If you find your country on the list – contact the group listed and let them know you want to participate on the Technical Advisory Group for ISO PC-251 – the project committee working on the new asset management standard. Time is short as the first draft has already been created and commented on so do not delay if you wish to be involved.

Utility rate applications more defensible backed by engineering data

Thursday, July 21st, 2011

Aligning near-term operational decisions with longer term strategic asset investment decisions requires using a data-driven methodology that considers asset risk, cost, reliability and performance. Finally, we can integrate the engineering and financial communities in an effort to optimize those decisions and ensure both capital and operations & maintenance investment activities are aligned across all time horizons.

Ivara EXP asset health indices, reliability and performance metrics are inputs to CopperLeaf C55 investment projects for maintenance, upgrade, life extension, and replacement. Together, EXP and C55 provide the foundation for fact-based decisions to get the right balance between ongoing maintenance, capital replacement, and overall risk mitigation.

With this solution, utility rate applications become more defensible because they are backed by engineering data; decision-making and planning processes become more transparent and efficient; cycle-time to explore scenarios and generate new plans is reduced; and savings are achieved through optimized maintenance and capital plans.

The EXP / C55 combination sets the standard for complete asset life cycle management.

For more on the Ivara / CopperLeaf partnership, click here.

 

Make Asset Care Your Way of Doing Business

Thursday, June 10th, 2010

Have your executives set aggressive targets for improvement?
Do you require a stronger, more consistent reliability process?
Do you need to eliminate unplanned outages due to equipment reliability issues?
Do you need to reduce overall operating costs?
Will you see a significant level of retirement of experienced maintenance and operations personnel within a 5-10 year period?

In order to achieve aggressive performance improvement targets set by corporate leadership, you need to instill a reliability approach throughout the organization.  The first step in this effort is to assess your organization and put together a business case. Establish an internal team, trained and coached in the application of reliability practices. Next, you need to ensure that the reliability effort is truly owned by plant personnel –to do this, involve them in the definition of maintenance programs. Participating in work identification activities will also facilitate their reliability education. 

Select an initial plant area. Depending on the size and complexity, it will take 3 – 6 months to develop and implement new reliability programs for an area. Detailed definition and documentation of asset maintenance and reliability processes and procedures became vital to ensuring that new personnel are well equipped to support equipment reliability. 

While developing new maintenance programs, train the maintenance and operations personnel in the area to perform their new roles within the asset care business process including the management of inspection routes, condition data collection using handheld units, acknowledgement of generated equipment condition alarms and the management of corrective maintenance activities.

Once finished the first area, go on to the next… do not delay implementation and roll out by spending month after month analyzing assets. You can expect to exceed your ROI expectations and sustain the improvement because asset care will become a way of doing business.

 For more information on reliability implementation success, go to http://www.ivara.com/index.php/customer-success/case-studies/