Asset Management

Asset Management Maturity Assessment

Asset management improvement journeys often begin with assessing the current level of asset management maturity and performance. Our assessments follow a structured approach that complies with ISO 19011 auditing standards, ensuring objective, impartial, consistent, and repeatable results. We offer tailored assessments to meet your specific needs, providing insights into good asset management practices, followed by a roadmap and implementation plan tailored to your unique situation. You can explore our case studies below or contact us for an obligation-free discussion.

Alignment with ISO Standards

Aligning your organization with the international asset management standard, ISO 55000, is essential for the effective management of assets. Recognized worldwide, this standard provides comprehensive guidelines that ensure the efficient management of assets to support organizational objectives. In addition to ISO 55000, other essential standards include ISO 41002 for facilities management, ISO 9000 for quality management, ISO 14000 for environmental management, and ISO 45000 for safety management.

To begin the process of aligning or certifying your organization with ISO 55001, a maturity or gap assessment is typically the first step. This assessment is used to develop a personalized roadmap and detailed implementation plan that will enhance your asset management practices in line with ISO 55001 standards. Our approach is tailored to your unique circumstances and may include additional elements or exclude certain ones as necessary.

Developing Strategies and Plans

Crafting a tailored strategy that is specific to your organization's needs and objectives can be challenging. However, our team of experts can provide the necessary guidance to make the process smoother. One critical requirement for ISO 55001, which is the global asset management standard, is the development of a Strategic Asset Management Plan (SAMP). This document plays a crucial role in linking your organization's overarching goals with its asset management system, ensuring effectiveness and alignment.

We offer comprehensive support to facilitate this process, including strategic guidance, quality assurance on developed plans, workshops for policy and plan development, and documentation of planning processes and procedures. You can trust us to navigate the complexities and develop a strategy that optimally leverages your assets to drive sustainable growth and success.

Life Cycle Analysis

Experience a comprehensive Life Cycle Analysis (LCA) service that is customized to understand the complete journey of your assets, from acquisition to disposal. Our expertise empowers you to make informed decisions by optimizing resource utilization and minimizing environmental impact throughout the asset's life span.

Our LCA service offers a detailed examination of your assets' entire life cycle, providing valuable insights into resource consumption and environmental implications. With a focus on transparency and efficiency, we guide you through the complexities of life cycle analysis, offering actionable recommendations to enhance sustainability efforts.

Operations and Maintenance

Maturity Assessment

Assessing the maturity of operation and maintenance management is a crucial first step toward improvement. To do this, we need a clear understanding of the current level of maturity and performance. Our approach to these assessments is anchored in using a comprehensive framework known as Asset IQ Navigator. This framework meticulously evaluates operation and maintenance practices across five key dimensions: Strategy, Organization Structure, People and Skills, Management Processes, and Technology. Each dimension is carefully scrutinized, and scores are assigned to provide a detailed picture of the organization's strengths and areas for development.

By employing this structured approach, we not only identify areas of improvement but also offer actionable insights to enhance operation and maintenance practices. We help optimize strategies, refine organizational structures, nurture talent, streamline processes, and leverage technology. Our assessments pave the way for informed decision-making and strategic investments. Embracing this holistic assessment methodology empowers organizations to elevate their operation and maintenance management to new levels of effectiveness and efficiency.

Improving Planning and Scheduling

Effective maintenance planning, scheduling, and work management are essential for obtaining control over maintenance activities. However, executing these processes can be a challenging task, particularly within a reactive operational environment. We acknowledge the intricacies and complications involved and are poised to support you in optimizing your maintenance operations.

Our approach is multifaceted. Initially, we collaborate with your team to precisely define maintenance work management, planning, and scheduling processes. These processes are meticulously documented in easily comprehensible flow chart formats. Secondly, we foster concurrence and ownership among your personnel regarding these processes through active engagement and communication. Thirdly, we impart comprehensive training at all organizational levels to ensure everyone comprehends the intricacies and significance of adherence.

Implementing CMMS / ERP Systems

The implementation of Computerized Maintenance Management Systems (CMMS) and Enterprise Resource Planning (ERP) Systems is often accompanied by high expectations that may not be fulfilled, leading to disappointment. Drawing inspiration from our vast experience in maintenance and reliability improvement projects, we offer a pragmatic perspective to temper such overly optimistic projections. As an unbiased entity, we have successfully facilitated numerous CMMS and ERP implementations, including renowned platforms such as SAP and Maximo.

We assist in crafting a robust business case for your CMMS/ERP project and develop detailed functional specifications tailored to your specific needs. From drafting tender documents to evaluating proposals and selecting the right software, we navigate the complexities of the process with expertise. Furthermore, we devise realistic implementation plans encompassing change management strategies and align your maintenance processes with industry best practices and software capabilities.

Optimizing Maintenance Programs

A reliable preventive maintenance program is essential to any proficient maintenance organization, preventing costly and unexpected failures. Crafting an effective preventive maintenance strategy requires a structured approach. Without it, non-value-adding tasks can proliferate, diverting attention and resources from critical maintenance work, compromising equipment reliability, and increasing maintenance expenses.

Adopting principles rooted in Reliability Centered Maintenance (RCM) and Preventive Maintenance Optimization (PMO) is pivotal. Our services are poised to assist in this transformative journey. Whether developing optimal preventive maintenance programs using RCM for new equipment or optimizing existing ones through PMO, our expertise ensures efficient task grouping, sequencing, and workforce training. Our goal is to embed a culture of continuous preventive maintenance optimization within your organization, ensuring sustained equipment reliability and operational excellence.

Optimizing Spare Parts Management

The optimization of spare parts holdings presents a pivotal opportunity for many organizations, as it requires a delicate balance between avoiding superfluous costs and ensuring uninterrupted operations. The challenge lies in understanding and mitigating the inherent risks associated with stock-outs as opposed to the costs of inventory holding.

Conventional algorithms, however, tend to be conservative in their approach, overestimating spare parts requirements by assuming random, independent demand. Yet, the demand for maintenance and operating spare parts is often predictable and closely tied to preventive and predictive maintenance programs.

Leveraging our expertise in leading-edge maintenance and inventory management practices, we collaborate with your team to ensure optimal stock levels. Our meticulous analysis of spare parts holdings entails identifying duplicates and unusable items while implementing preservation strategies.

Reliability and Availability

Establishing Readiness

Transitioning from the project phase to the operations phase marks a critical juncture in any large-scale endeavor. We understand the significance of this transition and are dedicated to ensuring that it is executed seamlessly to minimize risks and maximize success. Failure to navigate this transition smoothly can have far-reaching consequences, including delays in achieving full operational capacity, cost overruns, and heightened risks to safety, quality, and the environment. The financial implications of such setbacks underscore the importance of meticulous planning and execution during this phase.

Our operational and maintenance readiness activities are designed to address key aspects such as estimating ongoing operating and maintenance costs, determining staffing requirements, and budgeting for the development of essential management systems, procedures, and IT infrastructure. Through strategic planning, we establish corporate objectives, compliance measures, risk management protocols, and contingency plans to mitigate potential challenges. We prioritize the development of asset management strategies aligned with recognized standards such as ISO 55001. Additionally, we implement maintenance management systems to ensure the efficient upkeep of critical assets, safeguarding their longevity and performance.

In essence, the transition from project to operations demands meticulous planning, robust systems, and collaboration across various disciplines. By prioritizing operational readiness activities and leveraging the expertise of seasoned professionals, we help our clients minimize risks, optimize performance, and ultimately achieve success in bringing new assets online.

Root Cause Analysis

Ensuring equipment reliability and tackling operational or maintenance problems effectively is crucial for organizations aiming for sustained success. We recognize that conducting a thorough Root Cause Analysis (RCA) is crucial to ensuring that a problem is permanently resolved.

Today, high reliability organizations recognize RCA as integral components of an integrated reliability improvement program. By applying structured, analytical reasoning to equipment reliability and other operational challenges, we identify the underlying causes and implement solutions that lead to permanent, sustainable improvement. Effective problem-solving goes beyond mere intuition; it requires structured approaches and training.

Here's how we support you:

1. Solution-Oriented Approach: We focus on identifying and implementing solutions aimed at cost-effective elimination of failure causes.

2. Business-Focused Solutions: Problems are defined in business terms, resulting in solutions that deliver tangible business benefits.

3. Comprehensive Analysis: Our approach addresses failures at physical, human, and organizational levels, recognizing that causes and solutions can exist across multiple levels.

4. Blame-Free Environment: We foster an open environment focused on identifying the true root cause of errors rather than playing the blame game.

5. Adaptability: Our Root Cause Analysis approach is suitable for one-off significant events as well as chronic failures, offering training material and structured processes for both scenarios.

6. Simplicity and Accessibility: Our approach is simple and easy to use at all levels within the organization, without the need for complicated tools or software.

7. Individual or Team Approach: Whether the problem requires individual attention or a team effort, our process accommodates both.

8. Encouragement of Creativity: We encourage the development of creative solutions, allowing for flexibility in problem-solving methods.

9. Evidence-Based Solutions: Our process emphasizes the importance of factual verification before developing solutions.

Assuring Maintenance Quality

We understand that effective maintenance strategies are pivotal in ensuring equipment reliability and minimizing operational risks. Leveraging methodologies such as Reliability Centered Maintenance (RCM) and Preventive Maintenance Optimization (PMO), we focus on minimizing unnecessary maintenance while maximizing equipment uptime. Our approach entails comprehensive training for the employees to enhance their awareness of potential error-inducing factors and the implementation of robust handover procedures to mitigate risks during transitions. We also establish competence frameworks to ensure tasks are allocated to qualified individuals and improve maintenance planning and scheduling to minimize the need for risky shortcuts.

Furthermore, we prioritize the enhancement of task documentation and collaborate with clients to implement Defect Elimination and Root Cause Analysis processes. By addressing organizational factors contributing to human errors, we strive to foster a culture of continuous improvement and reliability. We are committed to partnering with you to optimize your maintenance operations and drive lasting improvements in equipment reliability and performance.