By J.D. Solomon
This webinar will focus on key aspects of asset management, identifying critical assets, and prioritizing capital funding for those assets that will ensure their life-cycle performance. Participants will gain an overview of the international asset management standard, ISO 55000, will gain an understanding of the differences between risk and criticality, and receive a detailed discussion of different prioritization methods. Strengths, pitfalls, and pointers will be provided related to most popular approach based on multi-criteria or multi-attributes. Strengths, pitfall, and pointer will also be provided related to alternative approaches, including forced-rank methods. Special considerations related to project size, project phasing, timing (cash flow), dependencies, and considerations for special projects such as studies, new technologies, and pilot programs will also be discussed.
The webinar will be provided at the beginner-intermediate level. It is applicable to all reliability and risk practitioners.