The philosophy of Asset Management and control is to develop an Asset Management Policy and Strategy as a start. The policy and strategy covers all aspects of Asset Management from specification and procurement to decommissioning and safe disposal of an asset.
The Maintenance/Reliability Basis Strategy development identifies and protects critical plant assets from failure, by specifying and utilising the most cost-effective methods to manage their failure mechanisms. Specific Templates are generated for all components using World Best Practices such as EPRI. These templates are utilized to identify specific failure modes, and optimal repair frequencies for components. This is in essence a master plan for the management of all preventive maintenance activities (inspections, tests, condition monitoring, overhauls, interventions and input to operator rounds) for the life of the plant. A detailed Spares Management Strategy is ideally incorporated to the Maintenance/Reliability Basis Strategy however can also be performed as an add-on function.
Equipment/system failure studies associated to reliability and availability or risk studies associated to reliability and availability is best performed in the compilation of the Maintenance/Reliability Basis Strategy however can also be performed as an add-on function.
PAS 55 has been replaced by ISO 55000. Companies which contain major assets are seeking to be ISO 55001 certified in order for assurance they have the required processes to care for their assets. Support in ISO 55001 certification and other certifications is provided.
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