July 7, 2020, 6:19 am

Articles

Maintenance Plan Development – Template at your Peril

Friday, 30 August 2013 11:51

Many organisations attempt to expedite the development of maintenance plans by using "Maintenance Templates" as an out of the box solution that specifies the maintenance to be performed on an asset based on its category. This process is used on the basis that the use of templates will:

 

Reliability: Creating Competitive Advantage in a Cost-cutting Environment

Friday, 12 July 2013 09:35

Following a period of boom, the main challenge that Maintenance, Operations and Reliability leaders usually face is to survive the inevitable cost cutting that happens during the next part of the cycle.

In response to investors' demands for higher profits during periods of downturn, senior management will demand the same or higher throughput while simultaneously reducing Operations and Maintenance budgets and resources. There is no doubt that Maintenance cost savings directly contribute to the bottom line of a company.  However, Your company will hopefully have already learned that, where cost cutting is concerned, a butcher at a discount rate cannot replace a surgeon with a scalpel if you want to end up with a live patient. 

 

What is Lean Maintenance?

Monday, 01 July 2013 12:45

During the past decade, the "Lean" phenomenon has enabled manufacturing industries to greatly increase their levels of profitability and productivity.  Combined with other initiatives such as Total Productive Maintenance (TPM), Lean has encouraged these companies to focus on the efficiency of their production processes.

 

Maintenance - Risky Business?

Thursday, 20 June 2013 09:55

Maintenance is inherently risky.  In fact, you could argue that the only activity that is riskier than doing maintenance is NOT doing maintenance!

The nature of these risks is wide and varied, and includes:

  • Financial Risks (are your maintenance costs under control?)
  • Operational Risks (what is the impact of a maintenance duration overrun?)
  • Environmental Risks (what would be the impact of a spillage which occurred during a maintenance activity?)
  • Safety Risks (will the maintenance be performed safely?)
  • Quality Risks (will the equipment operate reliably after maintenance?)
 

What is PAS 55?

Monday, 03 February 2014 14:38

This article discusses the British Standards Institute's Publically Available Specification 55 (PAS 55), including its history, content and application.

History & Content

Firstly, PAS 55 is actually a two part document, with full titles as follows:

  • PAS 55-1:2008 Specification for the optimized management of physical assets
  • PAS 55-2:2008 Guidelines for the application of PAS 55-1
 

How Does Asset Management Deliver Value?

Wednesday, 22 May 2013 12:37

In What is Asset Management?, we looked at what asset management was and concluded that it was a fundamentally different way of thinking about physical assets and how they deliver value to an organisation. In this article, we will look at what this means in practice.

To start, recall our definition of asset management from the British Standards Institute’s Publically Available Specification No. 55:2008 (PAS 55): (you may recall three definitions of asset management – but this is the longest and we consultants get paid by the hour!)

 

What is Asset Management?

Wednesday, 22 May 2013 11:27

Almost everybody has probably heard the term “Asset Management” thrown around, but what does it really mean? This article sets out to answer that question.

Firstly, we need to clarify what we’re talking about. What is an asset?

According to a recent draft of ISO 55000, an asset is:

something that has potential or actual value to an organization.