Maintenance performance management in capital intensive organizations. by Albert H. C. Tsang Download PDF EPUB FB2
Excellence in maintenance performance is a strategic issue of capital intensive organizations but it requires effective measurement of maintenance performance.
While performance measurement in general has been discussed extensively in the literature, few of such discussions Maintenance performance management in capital intensive organizations. book on the maintenance function. SAP Asset Strategy and Performance Management (ASPM) helps asset intensive organizations find optimal maintenance strategies using a variety of assessments and methodologies such as Risk and Criticality assessments, checklists, Failure Mode and Effects Analysis, and Reliability Centered Maintenance – that adheres to industry standard processes.
Fortunately, asset performance management (APM) is a proven approach to reduce unplanned downtime, decrease maintenance costs, and reduce EH&S risks. Implementing an effective APM strategy is more than installing a series of sensors or point solutions that monitor and track your systems and assets—APM is an integrated, connected enterprise.
Within these organizations, each function operates as a separate entity, without any coordination or communication with other plant functions.
Total plant performance management (TPPM) program must be custom tailored for a specific company or plant; there is no standard organization structure for this type of program.
APM helps companies in a wide range of capital-intensive industries, but has a particular focus on energy and resources. This group maintains and improves the performance of physical assets, such as processing plants, by using proven methods to analyze, quantify and deliver better equipment performance and financial results.
An asset performance management maturity model is a systematic approach to analyzing an organization’s asset management processes, technologies, capabilities, and systems.
Improving the maturity level will help an organization achieve ideal levels of APM Size: 1MB. Facilities management (FM) exists to support the core business, that is the preliminary goal-seeking activities of the enterprise. The role of FM in facilitating organizational performance, and Author: Dilanthi Amaratunga.
5 planner would investigate the failure and identify the categories (there maybe more than one category) that influenced the failures. A pie chart or bar chart of work orders per category each month would be a good way to show this Size: KB.
More and more organizations are changing their performance management systems. There are a number of reasons for this, including the difficulty of doing performance management effectively. More. • Cost effective in many capital-intensive processes. • Flexibility allows for the adjustment of maintenance • Includes performance of unneeded maintenance.
• Potential for incidental damage to components in make the program work by all facility organizations and management. Reliability Centered Maintenance.
Organizational success depends on the continuous improvement of staff performance at al levels. People constitute the real competitive advantage in business and industries of all types.
Enhancing the performance of your people and ultimately your organization depends on the continuous improvement of staff at all levels. An effective Performance Management system is essential to help employees.
in the oil and gas industry. IMPROVING ASSET PERFORMANCE. World energy demand is set to grow by 37 percent by according to the IEA’s World Economic Outlook To meet forecast demand, it is estimated that the industry needs to invest over $ billion a year in upstream oil and gas development by the Size: 2MB.
Laggard organizations to establish maintenance procedures around risk- based inspection to assess the health and performance of assets.
A risk-management framework needs to include:File Size: KB. Implementing a performance management system requires the simultaneous implementation and use of several components. At higher levels, performance management links strategic planning and performance concepts with budget development.
At the program level, performance management links strategic plans toFile Size: KB. Reliability Centered Maintenance Project Manager’s Guide Executive Summary Hundreds of public and private sector organizations around the world have demonstrated that reliability centered maintenance (RCM) is consistently capable of significantly increasing asset performance by delivering value to owners, customers and Size: 1MB.
What worked in the past simply does not cut it in today’s asset-intensive organizations. Digital transformation and the Internet of Things (IoT) are continuously pushing companies to utilize data and automate production processes.
Having a successful asset performance management strategy is key to staying competitive in today’s market. Properly designed performance measures will help move the company toward meeting the goals of its strategic plan.
Advantages of a good performance management system include increased employee retention and loyalty, better communication between the various levels of management, increased productivity, and increased efficiencies. ASSET PERFORMANCE MANAGEMENT AND BEYOND WITH RISK-BASED MAINTENANCE INTRODUCTION APM in Action In an increasingly competitive market, organizations across multiple industries need to be able to take the bold steps necessary to optimize their maintenance strategies and operations.
A rigorous, risk-based maintenance solution that can. Abstract. ISO puts ‘value’ at the core of asset management. This paper provides a framework to help production companies implement value-based Asset Management (AM) in a way that it contributes to operational by: 6.
Performance Management, 3rd edition aligning training efforts within an organization's performance management mis-hire for performance problems is a resource-intensive undertaking that is Author: Herman Aguinis. This transaction brings new reliability engineering and maintenance capabilities to Deloitte’s Consulting practice, enabling the firm to deliver a full suite of asset reliability engineering, asset management and performance improvement services to capital-intensive industries across Canada, the U.S.
and South America. capital intensive organizations can utilize the framework and the system functional model in order to study their AM system, its relationships and to consider how it may be improved. Keywords asset, framework, management, system, engineering Publication Details El-Akruti, K.
& Dwight, R. A framework for the engineering asset management. Do not have too many maintenance KPIs. When you measure maintenance performance select maintenance measures that are meaningful and that reflect the actual maintenance effort.
Good maintenance results come at the end of doing good maintenance and your maintenance KPIs need to measure if you are doing the right maintenance rightly. management. Monitor key measurements such as net present value, internal rate of return, forecasted cash flows. Manage common area maintenance caps and exclusion rules.
Make better-informed investment and management decisions with real-time information and reporting. Use FASB 13 accounting and reporting. The asset management software systems available in the market supports discreet assets.
A combination of Geographic Information System (GIS) software integrated with Linear Asset Management software are getting popular to manage these assets. Utility Organizations are looking at innovative ways to improve efficiency and enhance maintenance. A key principle of performance management is to measure what you can manage.
In order to maintain and improve manufacturing performance each function in the organization must focus on the portion of the indicators that they influence. Maintenance performance contributes to manufacturing performance.
The key performance indicators for File Size: KB. Many organizations have embraced enterprise asset management for maintenance execution. EAM is a powerful tool that helps capture volumes of data related to assets – data like location data, maintenance schedules, and work order history.
"The Maintenance Scorecard is an important work in the field of maintenance management. It is important because it weaves together several disparate threads into an insightful and useful whole. Implementation of the ideas presented in The Maintenance Scorecard could focus attention of both top management and maintenance leadership to meaningful /5(2).
management systems in many organizations, it is typically not poorly developed tools and processes that cause difficulties with performance management. Rather, difficulties. No enterprise can expect to achieve peak performance unless these assets reliably perform at optimal levels. To achieve operational excellence your overall Asset Performance Management (APM) strategy needs to be proactive and effective.
Many asset-intensive organizations continue to use break-fix maintenance plans to manage their production assets. asset-intensive organizations feel greater pressure to reduce both capital and operational expenditure. Agribusinesses can dramatically improve their operating.
performance by taking a more strategic approach to asset maintenance. Doing so requires a broader view of asset reliability and performance that spans the entire company to develop.The performance of your high-capital assets can make or break your operation.
To meet your goals for profitability, safety and envi - ronmental compliance, you must maximize equipment utilization without increasing maintenance costs or the risk of failure. Most organizations still rely on standard, preventative maintenance and basic moni .Mr.
Honaker has more than 25 years of experience in the Enterprise Asset Management market, performing a variety of roles including Consulting, Education, Account Management, Sales, Product Marketing, Product Management and Strategy, and Product Design and Architecture.
His industry expertise lies within Capital Asset Intensive organizations.