June 17, 2019, 12:46 pm

News

Asset Performance Management (APM) – Key implementation issues and how to avoid them

This is the second article of series of four articles that we will publish on Asset Performance Management Systems.

In our first article we noted increasing levels of interest in Asset Performance Management systems across capital intensive industries.  We discussed the typical capabilities supported by APM systems including Asset Health and Condition Monitoring, Maintenance Strategy Development, Asset Integrity Management, Defect Elimination, Modelling (Reliability and Lifecycle Cost) and finally Reliability Analytics.

We also looked at where APM systems fit within the overall ecosystem of Asset Management information systems and the types of data shared within that ecosystem.

Finally, we looked at what most businesses hope to achieve by implementing an APM systems.

As noted in the first article, at Assetivity we have supported various clients in developing and refining their APM business requirements, testing the market for suitable solutions, and then proceed to implementation.  We are also actively using client APM systems to develop and optimise equipment maintenance strategies for greenfield and brownfield assets.

In this article, we want to share with you the challenges that we have observed our clients struggle with as they have implemented their APM solutions, and share with you our thoughts on some things you might do to avoid falling for these same traps.

Read the full article.

 

Asset Performance Management (APM) – What is an Asset Performance Management system?

Over recent years, Assetivity has seen an increasing uptake of Asset Performance Management (APM) Systems in capital intensive industries.  We have supported clients to develop and refine their APM business requirements, test the market for suitable solutions, and then proceed to implementation.  We are also actively using client APM systems to develop and optimise equipment maintenance strategies for greenfield and brownfield assets.

Given the increasing interest in APM systems, we want to share with you our observations and perspectives on Asset Performance Management and will cover what Asset Performance Management Systems do, where they fit within the Asset Management information systems landscape, what businesses hope to achieve by implementing APM solutions, the most common challenge we see to successful uptake, and how to avoid them, and finally the things that you can do to ready yourself for implementation.

This is the first in a series of four articles relating to Asset Performance Management and will focus in the first three points – what is an APM system, where does it fit in the Asset Management information system landscape, and the what businesses hope to achieve through implementation.

In subsequent articles, we will explore:

  • What are the key issues we see in APM implementations, and how to avoid them;
  • The importance of driving action from insights; and
  • APM Systems – are you ready.

Read the full article

 

2019 AMPEAK Conference - Key Issues, Trends and Lessons from Australia’s Top Asset Management Professionals

Each year Assetivity takes part in AMPEAK, the Annual conference of the AM Council, Australia’s peak professional body for Asset Management. The conference is a meeting place for Asset Management professionals and facilities an exchange between a broad range of industries and decision makers.

AMPEAK received a record number of registrations this year, with over 100 speakers, running over three days at the Esplanade Hotel in Fremantle, Western Australia. The audience comprised of individuals from organisations who manage assets across the planning, acquisition, operation & maintenance, and disposal phases of the asset lifecycle. The individuals represented numerous industries such as infrastructure, finance, mining, oil & gas, defence, utilities, facilities, risk & reliability and occupational health and safety.

This year, Assetivity was represented by Sandy Dunn - Managing Director and Gary West – Associate Director, along with Senior Consultant, Stewart Kiely. 

Sandy and Gary presented the following papers, which were both extremely well received and generated a lot of discussion:

  • ‘Asset Management Strategy vs SAMP - Has ISO got it wrong?’ – Sandy Dunn
  • ‘Asset Performance Management - the promise versus reality’ – Gary West

Assetivity has put together a list of the key takeaways gained from the knowledge shared amongst Australia’s top Asset Management professionals at the 2019 conference:

Read the full article

 

Enterprise Asset Management (EAM) and Asset Performance Management (APM) Systems - Making sense of your data

Can you make sense of your asset related data? Can you use this data to optimise your business? Can you connect data from the various asset related systems that you use to gain new insights and wisdom?

At Assetivity, we often work with clients to help build out asset strategy and related data into their Asset Performance Management (APM) systems by teasing apart and making sense of their Enterprise Asset Management (EAM) data. This process provides a real insight into the completeness and usefulness of EAM data.

In our experience, when building out the APM data, integrating data from the EAM system is not always smooth sailing. Challenges that are often encountered include...

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NEW ARTICLE: Asset Management Capabilities – Are organisations still struggling with competency frameworks?

Assetivity is observing a resurgence in interest from businesses wanting to build internal capability in Asset Management.  

We are focusing our discussion on Asset Management Competency Frameworks as these are utilised to understand the needs for people in roles performing asset management functions.  An organisations Asset Management Capabilities is defined by their ability to identify and embed a competency framework relevant to their Asset Management functions. 

Larger, more complex organisations are investing in the development of competency frameworks and training programs aligned to their HR processes including performance evaluation and development planning, and often linked to productivity goals.  Smaller businesses are seeking to leverage competency frameworks already in the public domain, and third-party training programs to ensure their people have the required skills and are doing the right Asset Management work.

None of this effort and focus is new. Effective competency frameworks have been recognised throughout the training world as forming the basis for linking competence with organisational strategy and capability since the early 1990s. 

Read the full article

 

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