PS – Risk-Based Asset Care Strategy Development / Optimization

May 22, 2018 @ 6:00 am – 7:00 am

By Dave Potter

Driving Failure out of your Asset Management ProgramThis webinar will cover how to measure program effectiveness and continuously improve asset reliability.The webinar covers:•Potential failure (P) cannot be avoided. We can extend the time until it happens through correct design and precision processes.•After P happens, we need to detect it and prevent functional failure (F). The method we use to detect P is based on: •Failure mode RPN / Asset criticality •Asset type •Available technology and organizational ability (Tasks must be technically feasible and worth doing)•Use of precise processes must be pervasive throughout asset lifecycle•There is a hierarchy of task types, from condition based as the most preferred, followed by scheduled restoration, scheduled replacement, failure finding, run to failure, and redesign.•Spare parts and materials must be analyzed in order to logistically support risk-based asset care strategies