Asset Health Index
Ivara Asset Health Indices Drive Capital Planning and Maintenance Prioritization
Get more timely access to asset health data and better visibility to overall plant, site or fleet asset health. If you require hard data to back up your reports to regulatory agencies, asset health indexing can provide that assurance and proof for compliance. Health indices provide a fact-based balance between ongoing maintenance, capital replacement and risk mitigation can be achieved using automated asset health indexing.
A systematic approach to CBM starts with collecting and monitoring asset health indicators. Gather data from multiple disparate process control, SCADA, CMMS, and homegrown systems and use the data to generate alarms for condition based indicators. The heart of the system and process is Ivara EXP, used to consolidate and automate the analysis of the data so management can make fast and accurate business decisions. Implement EXP to generate asset health indices for all of your asset classes.Leverage EXP’s data connectivity and flexible customization tools to develop complex health index calculations.
Assets in a given class can then be ranked by their Health Index score and the poorest ones (lowest %) identified for further analysis. The data is provided by a number of automated daily interfaces to several legacy systems, providing:
- Updates to the Assets
- Indicator readings (measurements) for all the measured parameters
- Work Orders (created against the assets)
- Problems identified in the field for each asset maintainable and tailorable, allowing “what if” scenarios to be run at will. Health Indexes can be run on an Asset or by the entire Asset class.
The developed framework and logic allows other Asset classes and Health Indexes to be easily added.
By generating asset health indices in a much more timely and automated fashion, Ivara EXP provides much better visibility into the overall health of their extensive physical plant. Health Indexing is bridging the gap between short term corrective work driven by condition based maintenance, and longer term capital planning which used to be driven by periodic one-time studies (or last year’s budget and available capital!). The foundation has been set for fact based decisions on how to find the right balance between ongoing maintenance, capital replacement, and overall risk mitigation.