A simple explanation of

effective Asset Management

10 May 2015
Ivan Winter BE Hon
Senior Asset & Engineering Consultant Ingenia

This Presentation and Asset Management Model is the IP and copyright © of Ingenia Pty Ltd
2009 and must not be reproduced without permission.
Simplified Asset Management Model © Ingenia 2009

All maintenance teams

“Execute Work”.
Mr. Fix It

They usually do some

When a piece of equipment
regular services to
fails, they figure out what
care for the assets.
went wrong

and then they fix it.

2
Simplified Asset Management Model © Ingenia 2009

They source parts and

labour,

and some routine

preventative Jobs
are generated.
This is what most EAM
or CMMS computer
Service
systems are designed
Generator to manage.

They do some
planning and
scheduling, Most organisations have a
maintenance work list
“The Backlog”.

3
Simplified Asset Management Model © Ingenia 2009

Parts and services must be sourced for the

work.

Most EAM or CMMS computer

systems are designed to
manage these activities.

Most organisations see the need to make a list

of work that needs to be done “The Backlog”
Theseand they are
systems do some planning and scheduling of
the work.
getting more
sophisticated - but are
they effective?

4
Image – Elate Wiki
Simplified Asset Management Model © Ingenia 2009

But where do the jobs

come from?

Service
Generator

and how do you know

they are going to
effectively care for the
assets?
“The Backlog” is
important.

5
Simplified Asset Management Model © Ingenia 2009

But are they the right

tactics?

Service
Generator

These processes
are designed to
efficiently deliver
tactics.

6
Simplified Asset Management Model © Ingenia 2009
For“wear
For wear out”
out failure
failure
and it is critical condition monitoring is
to know when thebest
the besttactic.
tactic
it fails.
The first step for developing the
right tactics is to study why
each asset fails,

Remember failure study

requires resource and proper
processes to get results.

If you do more A different

overhauls for this tactic is
failure pattern then required for
reliability will get each failure
worse! pattern.
7
Failure patterns - Nowlan, F. Stanley, and Howard F. Heap. Reliability-Centered Maintenance. Report Number AD-A066579
Simplified Asset Management Model © Ingenia 2009
We recommend
RCA to get up to
85% availability,

and RCM / FMECA

to get to > 90%
Failure Study availability.
Process

8
Simplified Asset Management Model © Ingenia 2009
The best tactic may
and if the failure be to change the
cannot be managed
operating procedure.
then a design change
may be required.

This should improve

the tactics delivered
because they are
based on real failures.

Once the failure is

fully understood, the
best tactic is selected Proper tactics and
design changes form
a better backlog.

9
Simplified Asset Management Model © Ingenia 2009

Doing these processes

properly will improve
asset performance.

But they are not

enough to ensure
success.

10
Simplified Asset Management Model © Ingenia 2009

and make
improvements if
they are not.

It is important to check
that the tactics are
working 11
Simplified Asset Management Model © Ingenia 2009

Improving skills alone gives the

most significant improvement in
reliability by reducing failure
Pattern F Also success is not
possible
without effective
management of safety and
employee skills.

ISO 55000 expects

employees to be
competent and safe.

12
Simplified Asset Management Model © Ingenia 2009

The Asset Management

System should be aligned
with the Organisation’s
Policies / Strategy and
Plans.

This ensures the cost of Asset

Care is linked to the
Organisation's expected outcomes
(another ISO 55000 aim).

13
Simplified Asset Management Model © Ingenia 2009

and measure how the

Finally for the best result the asset performs
organisation should forecast against these plans.
asset requirements over
their entire life to meet its
objectives

14
Simplified Asset Management Model © Ingenia 2009

Commitment to these
processes and principles
should give the right
asset performance.

15
Simplified Asset Management Model © Ingenia 2009

Thank you
Ingenia Pty Ltd

Chris Malcolm
Chris.Malcolm@Ingenia.com.au
www.Ingenia.com.au
+61438 820 147

Ivan Winter
Ivan.Winter@Ingenia.com.au
www.Ingenia.com.au
+61408 844 932

16