Asset management strategy vs. Strategic Asset Management Plan (SAMP)...

Let’s explore an approach that will generate a Strategic Asset Management Plan that is useful and usable, using the ISO 55001 and ISO 55002 standards.

The vital importance of asset management objectives

Let's discuss the vital role that asset management objectives play in the asset management planning process. Without clear asset management objectives, you risk taking your organisation in the wrong...

Meeting asset management stakeholder needs and expectations

ISO 55001 places great emphasis on making sure that an organisation’s asset management system meets the needs and expectations of its stakeholders. Let's discuss why this is important.

How do I become an Asset Management Assessor?

To become a certified ISO 55001 auditor you need to meet the competences outlined in ISO 17021-5:2013 - Part 5: Competence requirements for auditing and certification of asset management...

ISO 55010, what’s it about?

Finance is an integral part of Asset Management. Value can be financial or non-financial, and achieving the balance between these requires coordination across an organisation.

ISO 55010:2019 has been published

This is a companion document associated with ISO 55001:2014, the global standard for asset management, that provides guidelines to enable organisations better understand why, and how alignment between these...

We optimised our preventive maintenance without realising it

Review your preventive maintenance tasks. Commission a PMO process for your plant and equipment. You may be surprised at how much maintenance you don’t need to be doing.

Have you outgrown your perfect repairables management system?

The system was perfect. Everyone knew what to do when a component failed. Everyone knew how to determine where to send the part for repair.... then Bill left.

Asset Performance Management (APM) – Key implementation issues and...

Let's discuss the challenges that we have observed our clients struggle with as they have implemented their APM solutions, and how to avoid falling for these same traps.

What is an Asset Performance Management (APM) system?

What is an APM system, where does it fit in the Asset Management information system landscape, and what you should hope to achieve through implementation?

Enterprise Asset Management (EAM) and Asset Performance Management (APM)...

Can you make sense of your asset related data? Can you use this data to optimise your business? Integrating data from the EAM system is not always smooth sailing.

Are organisations still struggling with competency frameworks?

Even with access to extensive resources on the requirements of an effective asset management competence framework, businesses still seem to struggle to sustain capability.

The importance of a no-blame culture for safety and...

As a general rule, we need to be very careful in using punishment as our first and primary response to any safety or reliability incident.

How to prioritise maintenance work orders

Almost every Computerised Maintenance Management System (CMMS) contains a field where you can set the work order priority, but few define how it is to be used.

Availability vs reliability: which is more important?

There is often confusion among those new to maintenance management and reliability improvement regarding the difference between availability and reliability.

Planning pitfalls – industry lessons learned in maintenance planning...

Let's explore the planning process and five of the common improvement opportunities we commonly observe, from supply relations to stakeholders.

Scheduling pitfalls – industry lessons learned in maintenance planning...

Understanding common pitfalls can make your job as a scheduler more productive, and help your organisation to reduce costs and be more effective.

“The big picture” – industry lessons learned in maintenance...

Let's explore some of the “big picture” systemic challenges associated with the overall maintenance planning and scheduling process.

Creating the environment for successful root cause analysis

Experience tells us that, in practice, there are several barriers that inhibit the success of implementation of Root Cause Analysis (RCA) practices.

Why you don’t need software to perform root cause...

A growing number of root cause analysis processes are being supported by software. We need to be careful not to oversell the benefits of software in effective RCA.

Why team-based approaches to root cause analysis are more...

There is a school of thought, particularly among more highly qualified engineering personnel, that problem solving and root cause analysis is best performed by “experts” in their fields.

Why root cause analysis is not just ‘common sense’

Let's discuss some of the practical issues surrounding root cause analysis implementation within organisations, and how to obtain success from these processes.

Conducting gap assessments and implementation: Asset Management Accountability Framework...

In February 2016, the Department of Treasury and Finance introduced the AMAF, which is aligned to ISO 55001 and catered towards the Victorian public sector.

Putting a value on maintenance and reliability improvement

Let's consider how to obtain value in maintenance and reliability improvement projects, and approaches that we can take to estimate value from the improvement.

An overview of the Asset Management Accountability Framework

The AMAF details mandatory asset management requirements and guidance for government organisations, and how to support service delivery objectives.

Big data, predictive analytics and reliability: moving beyond better...

In this article, we continue our exploration by considering how developments such as big data and predictive analytics are contributing to reliability improvement.

4 essential tools and techniques for improving equipment reliability

Let's discuss some of the key tools and techniques that can be used to contribute to sound equipment reliability, and where these may be applicable.

4 things supply can do to assure asset reliability

Being at the tail end of the operational chain, supply can often bear the brunt of poor decisions made by asset designers, or during operations and maintenance.

4 ways maintenance managers can impact on equipment reliability

Let's explore some ways in which maintainers and maintenance management can impact on equipment reliability, and some suggestions to improve reliability via better maintenance.

How operations management can impact equipment reliability

Let's explore the key ways in which operations management can impact on equipment reliability, and offer some practical suggestions to improve reliability.

5 tips for a better asset register

Your asset register is the foundation on which your asset management information systems are built. Here are 5 tips to make sure yours is rock solid.

Design your asset life cycles for reliability

Let's explore the communal accountabilities that should be considered in the design phase of an asset life cycle, and the roles that different parts of an organisation play to...

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