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Asset Performance Management

Asset Performance Management

Forget the one size fits all model of asset management. Operational Sustainability, LLC® (OS) can develop and implement overall Asset Performance Management (APM) solutions customized to your needs. From Asset Strategy Management (ASM) to Asset Health, Reliability Centered Maintenance (RCM), Risk-Based Inspection (RBI), and Integrity Operating Windows (IOWs) – we have the solution you need to manage your fleet. Explore the elements of comprehensive, integrated, holistic enterprise asset management.

Holistic APM

Holistic APM diagram

Asset Management / Work Management

Work management is focused on efficient execution of work. Traditional work management is all about the work order, but OS can help you develop your work management process to take a holistic approach through integration with other work processes such as management of change, work permitting, inspection findings, worker competency, root cause analysis and more.

Asset Management / WorkWork Management with OESuite™

Asset Management/Work Management Flow diagram

Asset Performance Management / Asset Strategy Management

Best-in-class asset management strategies incorporate cost, reliability, asset integrity, EHS compliance, process safety, energy consumption and production into an integrated model… driving better asset strategies at the equipment level. That is what happens within the new APM framework developed by OS that improves asset performance, reduces risk, enhances compliance assurance, and minimizes production losses. This expanded view of APM and ASM addresses process safety, human performance, and asset information management to deliver top and bottom line results.

Next-Gen APM

Next-Gen APM column graphic

Trust our experienced experts to help you design and implement new APM processes to incorporate this more holistic approach. The reliability-based strategies, mechanical integrity, and failure elimination of APM processes and overall Asset Strategy Management (ASM) are strengthened when human performance, conduct of operations and process safety are simultaneously addressed from a foundation of shared data elements and an integrated approach.

OSHA 1910.119 describes the requirements for mechanical integrity work processes to prevent loss of containment and ensure process safety and compliance.  But one size does not fit all companies for mechanical integrity. OS can help with custom development of mechanical integrity and reliability management systems.

A mechanical integrity work process should encompass the following key activities:

APM-MI flow diagram

From helping you optimize your management systems, getting buy-in from your culture, to digitizing your work processes, OS offers solutions.

Business Benefits

Business Benefits graphic

Services

Nearly 70% of companies recently surveyed lacked an Asset Strategy.

Asset Lifecycle Management graph

APM has been traditionally viewed as a means to improve availability and reliability. Operational Sustainability, LLC adds in asset integrity and some other key components. Traditionally, APM IT solutions have been extremely human intensive to maintain. Newer web-based technology and improved integration capabilities have greatly reduced the burden of implementation of these solutions. Traditionally, Risk-Based Inspection and Reliability Centered Maintenance have been seen as time consuming and expensive.  Asset Strategy Libraries and Industry specific-templates have helped reduce the cost and reduce implementation.

OS can help you evaluate all the options and create the right APM strategy for your organization.

Technical Content

How Does OESuite™ Address APM?

APM alignment wheel

Integrations

The OS APM solution portfolio drives interoperability and integration. Numerous OESuite™ modules act as data sources for Asset Health including Work Management/CMMS, Operator Rounds, Inspection Management/Mechanical Integrity, and Production Loss Management along with supporting integrations to external systems like data historians for sensor information, and condition-based monitoring.

Asset Strategy Management (ASM) is a hub that allows not only asset strategies to be derived, but drives the actual execution of integrated work processes in OESuite including:

  • FMEA Studies and RCM Studies
  • Integrity Operating Windows Monitoring
  • Tag Monitoring
  • Preventative and Predictive Maintenance within Work Management/CMMS
  • Inspection Management/Mechanical Integrity
  • Operator Rounds
  • Calibration and Proof Testing
  • Corrective and Preventative Actions
  • Condition Assessments
  • Tasks
  • Asset Health
  • Production Loss Management

In the end, Asset Strategy improves your maintenance plans and Asset Health is a measure of how good the Asset Strategy is.  Asset Health can also be used to inform your capital decisions.

Testimonials

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