Comparing Ideal Asset Management Process Vs Common Actual Process

3 Mins Read — While ideal asset management process are well defined, real-world / actual implementation often diverge due to time, budget and organizational constraint

Background

Any asset management system implementation most likely wont fully 100% follow ideal / best practices process due to the cost, time constraint, organization culture/policies, etc

Objective

to compare asset management ideal process vs actual realistic process

Deliverables

Article

Series: ASM001

Comparing Asset Management ideal Process with Realistic Implementation

This comparison aims to highlight the gap between best-practice frameworks and the practical realities faced during actual asset management system deployments.

Category	Activities	Actual Activities
Maintenance Strategy Definition	Develop Overall Maintenance Philosophy	Define Asset Integrity Strategy
Maintenance Strategy Definition	Define Site-Specific Maintenance and Integrity strategy	Define Asset Integrity Strategy
Maintenance Strategy Definition	Define KPI (Key performance indicator)	Define Asset Integrity Key Performance Indicator
Equipment Strategy Development	Develop Asset Register & Define Criticality	Risk Studies & Risk Level Mapping
Equipment Strategy	Conduct Mechanical Integrity Analysis	Design Engineering Review
Equipment Strategy Development	Develop Equipment Maintenance Strategies	Fitness for Services
Equipment Strategy Development	Execute Root Cause and Failure Analysis	Root Cause Problem Solving
Equipment Strategy Development	Optimize Maintenance Strategies	Create FMCA, ECA, EDD
Maintenance Planning & Scheduling	Identify Asset Maintenance Requirements	Master Data Creation & SECE Identification
Maintenance Planning & Scheduling	Select & Prioritize Work	Create Master Plan
Maintenance Planning & Scheduling	Develop Maintenance Plans	Create Maintenace Program & Inspection Program
Maintenance Planning & Scheduling	Prepare Task List and BoMs Allocation	Create Task List, Material Requirement, Resource Allocation and Sub Order
Maintenance Planning & Scheduling	Schedule Maintenance Work	Create Work Order
Maintenance Sourcing & Contractor Management	Define Maintenance Sourcing Strategy	Resources Planning
Maintenance Sourcing & Contractor Management	Procure Maintenance Services	External Services Procurement, Material Procurement
Maintenance Sourcing & Contractor Management	Manage Contracts and Contractors	Contractor Management System: Pre Qualification, tender, Invitation to Bid and Evaluation
Maintenance Execution	Approve Maintenance Work	Permit Approval
Maintenance Execution	Manage Work Permit	Create Job Ticket & Control Ticket
Maintenance Execution	Execute Maintenance Work	Execute Maintenance Work, Workshop Management
Maintenance Execution	Document and Close Out Work	Service Acceptance
Work & Asset Performance Monitoring	Monitor Equipment Condition and Health	Condition Monitoring, Inspection Program, Basic of Care (BOC),
Work & Asset Performance Monitoring	Monitor and Manage Threat and Vulnerabilities	FFS (Fit for Services) Assesment
Work & Asset Performance Monitoring	Analyze Equipment Performance	Performance Monitoring
Work & Asset Performance Monitoring	Analyze Equipment Cost and Effectiveness	FFS Assessment
Work & Asset Performance Monitoring	Define and Implement Improvements	Management of Change