Vibration, Noise, Dampers & Torsional Analysis. Piping Dynamics , Asset Management

Back

SERVICES

Asset Management

What is Plant Asset Management?

Plant Asset Management is the integration of multiple pieces of equipment lifetime information such as cost, repairs, design details, predicted condition, operating history and overhauls in order to make efficient equipment repair or reliability decisions. To make the best decision on the operation maintenance, repair and replacement of plant equipment you need information integrated from multiple plant data source. In many plants, the data exists but cannot be integrated into an information presentation, which provides you with “the whole picture”. Software is available that is designed to provide complete “integrated” equipment lifetime information to plant personnel and managers who must make the correct equipment decision rapidly.

Architecture and Functional Components of Organization

1. Asset Inventory

	Record of what location exist
	What equipment is owned
	Where equipment is located
	What spares are available
	Search can give similar components from installed or spare inventories.

2. Condition Manager

Integrated condition information from multiple predictive technologies and presents an integrated and summarized condition assessment for general plant use through web based reports.

3. Equipment Manager

	Provides condition and repair history by asset ID or location.
	Provides repair shop repair findings entry.
	Provides compilation of MTBF and root cause of failure analysis.
	Components or locations with life duration shorter than anticipated are flagged for analysis and improvement.

4. Reliability Analysis

To improve reliability of equipment you must know plant history information such as time to failure (MTBF), cost of failures, and cause of failures, and provide analysis of

1.	Time to failure (MTBF) for equipment and locations and MTBF for specific groups like manufactures, area, size, etc.
2.	Cost of failure ranked from highest to lowest for areas, functions, assets, groups, components, and repairs.
3.	Cause of failure , breakdown of primary causes of failure within the plant.

Web-based Reports and information Exchange.

Information is in the hands of any plant employee quickly. Software allows hundreds or even thousands of plants users to get the machine information they need.

Benefits of a Good PAM Program

	Reduces the cost of unreliability.
	Manages plant equipment strategically for lowest life cycle.
	Increases effectiveness of Predictive Condition information and repair planning.
	Elimination of failures in service in assets which disrupt production and cause high maintenance cost.
	Increase operating life period between failure by the systematic elimination of Root Causes of Failure.

Justification

	Funding of reliability improvement must come from the cost of unreliability.
	Downtime
	Repairs/Replacement Cost
	Maintenance Labour
	Quality
	Safety

Home | Company Profile | Equipment | Videos | Contact us