Example Asset Management Framework
- 1. Firstly, perspective…. • Elevating strategic asset management for any organisation to a recognised international standard e.g., ISO55000, requires enormous corporate wide commitment, buy-in from senior managers and support from the field workforce. Usually requiring reorganisation on a large scale. • Change this size is likely to take several years and needs to be built on incremental successes. • While important to have a framework to work towards and validate against, it is the implementation that delivers the business benefits, not the framework. • It’s best to advocate a roadmap approach by delivering a series of work packages, prioritised in accordance with business need, set within the logical framework towards achieving asset management excellence over the timeframe you’ve set. • This approach becomes much easier to sell to senior management and far better manages the safety, legislative, financial and operational risks. Example asset management framework An integrated approach
- 2. Asset Knowledge Enablers Risk and Review Asset Management Strategy and Planning Asset Management Decision Making Lifecycle Delivery • Develop risk and criticality matrix • Conduct risk & criticality analysis • Reliability block modelling • Incident management review • Balancing cost vs. performance • Exercising prudence • Weather monitoring & reporting • Environment monitoring & reporting • Trigger incident management • Asset integrity monitoring • Trigger for incident management • Review change mgmt procedures • Management of change • Key performance indicators • Assessment methodology • Improvement reviews & look-backs • Asset register • Asset depreciation • Joint venture accounting principles • Joint venture partners • Land management & community • Develop asset plan • Maintenance philosophy • Operations philosophy • Maintenance & repair strategy • Integrity strategy • Inventory strategy • Operations manuals • Develop IAPS scope • Constrained activity rules • Implement IAPS • Integrated activity plans • Maintenance plans • Schedules • Project delivery framework • Asset life cycle gating • Historical cost analysis • Risk profiling • Asset optimisation • Equipment monitoring • Predictive & preventive strategies • Develop RACI • Identify technical standards • Safety & deviation management • Regulatory reporting • Develop SOPs • Develop work instructions • Develop routine duties • Develop inspection schedules • Physical build & handover • Data specification • information asset handover • Configure system engineering output to PM/planning smoothing • Validate engineering & data integrity • Maintenance plan & schedule • Asset integrity • Work management & packaging • Inventory management • Operator procedures • Operator routine duties • Operator driven reliability • Analyse asset performance • Bad actor identification • Conduct FMECA • Conduct RCAs • Annual resource planning (availability vs. utilisation) • Forecast/modify shits/organisation (smoothing & contracting) • Architecting & system blueprinting • Structured & unstructured data principles & standards • Operations management system • OMS ownership • Process boundaries & ownership • Data ownership • Engineering data • Master equipment list • Asset hierarchies • Standard modifierdictionaries • Material masters • Bill of materials • Asset master data • etc • Engineering data management • CMMS • Document management systems • Reliability & integrity systems • Mobility • ERP integration • Land access, GPS and GIS • Information assurance • Information gaps • Master Data governance, policies, standards,guidelines & procedures • Production analysis • Maintenance analysis • Decommissioning strategies • Assess residual liabilities • Develop shutdown plan • Execute shutdown plan • Develop incident management plan • Review & refine plan • Develop disposal plan • Manage residual liabilities Organisational Strategic Plan c Example asset management framework An integrated approach Operations Management System Organisation and People Enablers • Contracts Strategy • Structural Relationships • Performance Monitoring • Supplier Rationalisation • Leadership assessments • Leadership coaching • Organisational design & optimisation • Behavioural based safety • Cultural realignment • Physical space design & collaboration • Develop job roles • Develop competency matrix • Competency assessment • Coaching design & collaboration Asset management framework c
- 3. Asset Management Strategy and Planning Asset Knowledge Enablers Risk and Review Asset Management Decision Making Lifecycle Delivery Organisational Strategic Plan c Example asset management framework An integrated approach Operations Management System Organisation and People Enablers Asset management framework c