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Home » Articles » on Maintenance Reliability » Life Cycle Asset Management » Page 3

Life Cycle Asset Management

This Life Cycle Asset Management article series introduces and discusses life cycle asset management strategies, systems and processes for optimizing operating asset economics, reliability, performance, and return on investment.


Life Cycle Asset Management, Enterprise Asset Management (EAM), Engineering Asset Management, and Physical Asset Management (and their linguistic variations) are considered to be synonymous names. Life Cycle Asset Management is used to title this series, as it has the correct connotation of what is intended when the applicable strategies are adopted by organisations.


‘ISO 55001 Asset Management  – Management systems – Requirements’ is an international standard for certification of life cycle asset management systems and posts about the ISO 55000 asset management suite of documents are included in this series.


The purpose of this Life Cycle Asset Management series is to provide reputed, useful content that brings value and improves asset performance when used in operations and organisations.


NOTE: The series does not include coverage of related commercial or vendor software or database management applications.

by Mike Sondalini Leave a Comment

The Future of Production is Endless Risk Free Operation

The Future of Production is Endless Risk Free Operation

 The world needs plant and equipment that are reliable and fault-free for decades. Yet Maintenance can only keep machinery working by replacing broken and at risk parts. Even industrial asset management only aims to lower the cost of plant and equipment ownership. Neither methodology has the capability to deliver what mankind needs in future. Before the end of this century both disciplines will die-out because intelligent production machines will be made that are completely reliable and maintenance-free for their entire lifetimes.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability, Uncategorized Tagged With: Maintenance program

by Mike Sondalini 1 Comment

Design for Reliability by using Design-out Maintenance to get High Reliability Equipment

Design for Reliability by using Design-out Maintenance to get High Reliability Equipment

Design-out maintenance is a root cause failure elimination category where the solution is to design for reliability and intentionally create highly reliable equipment through an engineering design change.

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I am a design engineer and am considering plant improvement as a more proactive activity for our department. Being in design I am interested in design-out maintenance solutions and the role they play in maintenance cost reduction. Particularly where design out solutions are used for failure elimination.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Fix a 50,000 Dollar per Year Problem for 2.54 using ACE 3T 

Fix a 50,000 Dollar per Year Problem for 2.54 using ACE 3T 

 ACE 3T analysis is a new problem inquiry tool that lets you find simple answers to difficult problems. It does not ask you to use Lean process assessment tools or apply Six Sigma statistical analysis. You only need to use your eyes and a spread sheet to explore the details that expose the simple options to solve your problem. 

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

How ACE 3T Precision for Standard Operating Procedures Was Discovered

How ACE 3T Precision for Standard Operating Procedures Was Discovered

How the 3T’s of Human Error Prevention and Mistake Proofing – Target, Tolerance, Test – were Discovered

Human errors and mistakes cause 80 percent of industrial equipment failures. That humans cause most problems has long been known. It has been difficult to find reliable ways to prevent human error, but an Arab craftsman taught me the 3Ts of error prevention and mistake proofing work.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Business Risk from Equipment Reliability 

Business Risk from Equipment Reliability 

 What Every Manager Needs to Know About Business Risk from Equipment Reliability 

 Figure 1 shows how equipment risks start and transfer through a business. Tens of thousands of business risks, even hundreds of thousands in big operations, come from your plant and machinery. 

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability Tagged With: Physics of Failure (PoF)

by Mike Sondalini Leave a Comment

Show All The Total Losses of Breakdowns

Show All The Total Losses of Breakdowns

A good way to change mindsets and behaviors toward preventing forced outages and stoppages is to show everyone in the operation the total business losses of breakdowns.

It is incredible what the total business losses of breakdowns can rise too. Plant and equipment breakdowns are ultimately due to having wrong thinking and doing wrong practices. In this response to an FAQ, I advise to tell your people the true costs of breakdowns. Let them share the pain and loss suffered by the business and start them thinking of better ways to care for their operating assets.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability Tagged With: Asset management, Maintenance program

by Mike Sondalini Leave a Comment

 Case Study Pipeline Proactive Failure Prevention Analysis 

 Case Study Pipeline Proactive Failure Prevention Analysis 

 The request in the box below was received by email.

 I am contacting you to make you aware of Request, RFP# 68250, “Breakthrough Technologies for Pipeline Leak Detection.” 

We invite proposals for breakthrough technologies for pipeline leak prevention, detection,  and remediation. We have identified you as a party with the potential expertise to respond to this request. 

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability Tagged With: Failure Mode and Effects Analysis (FMEA), Physics of Failure (PoF)

by Mike Sondalini Leave a Comment

Designing with Physics of Failure

Designing with Physics of Failure

When engineers design a machinery part, they begin by defining the operating load range it will experience during its service life. This range will include the loads when the machine part is not working through to the maximum stress that it will operate under. Examples of high stress situations include operating overload events, or when starting up under a large load. How great the imposed stress reaches and how often those events occur changes a part’s reliability.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability Tagged With: Physics of Failure (PoF)

by Mike Sondalini 2 Comments

Interactive Information for Human Error Prevention and Mistake Proofing in Maintenance

Interactive Information for Human Error Prevention and Mistake Proofing in Maintenance

 Human error causes 80% of plant and equipment failures. It is the single factor, which if controlled, makes the most difference to achieving world class equipment reliability and operational success. With the introduction of low cost communication and visual devices it is now possible to assist maintenance workers proactively prevent human error. By using interactive audio-visual devices workers can be coached through a job error-free to get right-first-time quality every time.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

How Big Fortunes Are Made with the Plant Wellness Way 

How Big Fortunes Are Made with the Plant Wellness Way 

 Let a Plant Wellness Way EAM System-of-Reliability halve your Annual Maintenance Costs 

A Plant Wellness Way enterprise asset management system is a powerful solution for world class enterprise asset management (EAM) success. There are three scenarios when it is justifiable for a business to adopt PWW EAM as your company’s EAM methodology.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Setting Project Commissioning Spares Cost Allowance

Setting Project Commissioning Spares Cost Allowance

Estimating the money for commissioning spares allowance of a capital project using the maintenance cost in the RAV ratio is probably wrong, but it is often done. The allowance also depends on the life cycle asset management processes and practices in use.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Unique Insights and Thoughts Behind the Plant Wellness Way

Unique Insights and Thoughts Behind the Plant Wellness Way

UNLIKE LEAN AND SIX SIGMA, THE PLANT WELLNESS WAY DIFFERENCE IS IT PREVENTS OPERATING RISKS FROM STARTING WITH A SYSTEM THAT IS BUSINESS-WIDE AND GOES END-TO-END OF THE WHOLE ASSET LIFE CYCLE

—

Lean and Six Sigma are point-in-time problem focused methodologies, where as PWW EAM System-of-Reliability uses the whole life cycle to build business and operational systems with processes that continually optimize productivity, minimize risk, and generate maximum operating profits.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Physics of Failure

Physics of Failure

First parts fail, then machines stop! If its parts don’t break your machines and equipment will always be reliable

Physics-of-Failure microstructure science explains why components fail, and why they get failed during service life. Understanding Physics-of-Failure is foundational to the Plant Wellness Way EAM methodology

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

What is a Business Management System?

What is a Business Management System?

Why Build a Quality Management System?

A business management system needs a quality management system built to make customers happy.

Every company already has a business management system they use to deliver products or services. If you want to be a more profitable business, you need to continually create a better management system.

—

It took a long time to understand why a business in the same market did better than other businesses. Every one thought it was due to better marketing, or access to more capital. But it was not. It was simply that one business had products that better suited customer needs. The best product always gains most market share and makes the biggest profits. Which is why a business management system needs a quality management system that improves their products.

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

by Mike Sondalini Leave a Comment

Crazy Risk Management with a Risk Matrix

Crazy Risk Management with a Risk Matrix

A risk management risk matrix can trick you into leaving high consequences uncontrolled and convince you it is fine to do nothing to reduce the impacts of failure. Whether you think a bad event cannot happen has no standing in Law. The likelihood of an adverse event is unimportant; only the resultant severity is how the Law will gauge your risk abatement efforts. Did you do ‘reasonably practicable’ risk control?

[Read more…]

Filed Under: Articles, Life Cycle Asset Management, on Maintenance Reliability

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