Work Process To Follow in Asset Life Cycle Management
To properly manage a company’s assets, it’s crucial to keep close track of work processes throughout each phase of an item’s life cycle.
Consider the following sections.
Commissioning
When at the Commissioning Phase, identify each asset and keep information regarding the asset well organized. This includes keeping track of photos, receipts, spare parts, and maintenance techniques.
During the Operational Phase, create a location system that links give assets to a location and includes pieces of data regarding installation, replacements, etc.
Document the company’s asset vision, plans, the core team, and the reliability team.
Document strategies to reach premium ROA, create a roadmap and develop analytical reports.
Analyze critical systems and assets, then store RCM analysis results with other pertinent documentation.
Consider the quality of your data. Quality analytics rely on quality data management. Be sure that inputs match with proper outputs. Perform data checks, and stay on top of error prevention with constant monitoring and process audits.
When assessing a company’s asset performance, teams can create a living program that refines maintenance strategies by focusing on the following four categories:
Keeping a company’s assets organized within an Asset Life Cycle Management system can help prevent errors and create opportunities for cost savings.
