June 15, 2013

creating the asset management plan

Asset management implementation can be viewed as a major project, especially if the company is new to the company. Although the implementation has to identify the most suitable method, it is important to keep in mind that proper planning is the key to success. a useful plan should be able to include the tasks, actions, measure progress and mitigate possible risk. More importantly, all this has to be based on the desired end result. differentiating between process measures and results measures is also important to understand the value steam of the project. as all know failing to plan is planning to fail.

Asset management projects usually cost millions, it would be silly to fail due to poor planning, the bit that costs nothing. Moreover plans should be viewed as a life document which should be updated, such a dynamic market can change the customers requirements, and these changes should be captured to avoid failure. having measurement system that is reliable is also important, if the end result did not meet the desired performance, by analyzing the process measures it would be possible to pin point the section that requires modification or alignment with the requirements of the assets utilization.

When planning any maintenance project at work, i can create a plan that links thedesired operations requirements. This will start by capturing the VOC to control the assets as needed by the users. Moreover, when having a plan that identifies possible risks and measures performance it would be easier to link the asset management and performance to the organizational goals.


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  • Good point, you dont have to consider it while using the decision tree as the available data is limi… by Ahmed Alali on this entry
  • Good point Bu Salim. However, i failed to mention that a decision objective is linked to the busines… by Ahmed Alali on this entry
  • I do agree with you Ahmed that certain modification enhance GA performance, however, even if someone… by Waddah Alharthi on this entry
  • as u said, the time scaling and sentivity need to be taken into account… i agree but do u think in… by Tzu-i Yang on this entry
  • i agree with u … choosing tools is not easy… we might fall into trap info….it was whyi decisio… by Tzu-i Yang on this entry

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