Effective and efficient management of assets is a key factor of success for any business, more so for highly capital intensive businesses. Asset Management is defined in ISO 55000 as “coordinated activity of an organisation to realise value from assets”. This will normally involve a balancing of costs, risks, opportunities, and performance benefits.
Asset Management covers a wide area of business and can therefore be daunting for businesses striving to maximise the value from their assets. Focussed can assist you in determining where the best Asset Management improvement opportunities are in your business and develop Focussed Improvement Initiatives with you and your team to enhance your asset management practices. We use ISO 55000/01/02 as a guiding framework on what best practice asset management looks like, but at the same time keep this simple, targeted, and focussed on delivering bottom line results.
Asset Management encompasses areas such as:
- Capital investment planning
- Strategic Asset Management Plan (SAMP) development, implementation and review
- Asset Management systems – ie Computerised Maintenance Management System (CMMS) – Asset Hierarchy, Asset Criticality, Asset Register, Historical records, etc
- Maintenance Management
- Organisational structures to deliver the Asset Management Plan (AMP)
- Root Cause Analysis (RCA)/Problem Elimination (RCPE)
- Shutdown/Turnaround management – Steering Group, Readiness reviews, Post Shutdown reviews to capture learnings
- Preventive and Corrective action management/monitoring
- Condition monitoring/Predictive Maintenance programme
- Service Level Agreements with key service providers
- Energy Management – designing, operating, and maintaining assets to ensure the efficient use of energy with minimal environmental impact
If you would like assistance with your Asset Management programme, then Focussed would love the opportunity to talk with you on how we could help.