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    Asset Mgt

    Uploaded by

    okeyrayokoli

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    © All Rights Reserved
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    Asset Mgt

    Uploaded by

    okeyrayokoli
    1 views2 pages

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    © © All Rights Reserved

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    Copyright:

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    1 views2 pages

    Asset Mgt

    Uploaded by

    okeyrayokoli

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Equipment Strategy

    Equipment Strategy (ES) is documented tasks (Maintenance, Inspections, Condition


    Monitoring etc.) to be performed on equipment for failure mitigation and optimal
    performance. Equipment Strategies are developed and implemented to identify suitable
    failure mitigation tasks to be performed on equipment. ES are usually the outcomes of an
    FMEA/RCM process. Equipment Strategies are the bedrocks of Preventive Maintenance
    (PM).

    A team comprising Reliability Engineer(s), Subject Matter expert(s)(SME), Equipment


    Operations, Maintenance etc. develop equipment Strategies. All team members involved in
    the ES development are required to endorse the strategies developed. The Subject Matter
    Expert (SME) who is a member of the team owns the strategy, so he/she ensures that the
    consensus of the team is obtained prior to approval and implementation.

    Approved Strategies are transformed to a set of physical tasks for implementation. ES


    implementation process is the responsibility of the Maintenance Systems.

    Tasks in ES are categorized in one of the following:


    · One Time tasks
    · Surveillance tasks
    - Operator
    - Process
    · Maintenance tasks

    Equipment Strategies are considered as “Living Strategies” and may be subject to changes
    (Optimization).
    Factors that may necessitate optimization include:
    i. Failing to meet Reliability requirements.
    ii. Resource limitations.
    iii. Overall cost effectiveness (value to the organization).
    iv. Logistics.
    Asset Criticality Assessment

    An equipment Criticality Assessment is the starting point in developing Maintenance and


    Equipment strategies that ensures the sustained reliable performance of equipment/Asset
    over the life cycle of an asset.

    Basically, Asset Criticality is a measure of how important an asset/equipment is to the


    business. It helps in classification of asset/equipment based on failure consequences.

    Table below shows a typical categorization of assets criticality from A – D, A being most
    critical:

    Why is Asset Criticality important?

    • Identifies focus areas for improvement.


    • Drives planning and breakdown response
    • Helps Avoid doing too much or too little maintenance.
    Assists in the development and assignment of common strategies for maintenance.

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