All 10 entries tagged Kbam

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April 10, 2011

easy to learn, difficult to do

It's always easy to learn but difficult to put it into practice. For example, we all understand the importance of the customer since we were children because there isn't lack of the murmur forever: customer is god. After I started the mbe module, I couldn't remember how many times I came across the crucial of customer, whether from teachers, books or journals. Unfortunately, when we were doing the task, we didn't realize the importance of the customer. We considered much on the thoughts of the board without noticing what the board wants is just what their clients require. In the environmental consultant practice, even though we just finished the rdm module, sometimes I couldn't stop making judgments and decisions through my intuition. But this situation is easy to understand. We can learn a formula in 1 minute, but it will take about 2 days to understand it and maybe two weeks to use it sophisticated. The more practice, the better utilization of the formula we can gain. So we need more practice in order to further understanding what we learned and then apply it.


It's hard to justify whether wiki is useful or not. I think is depends on each student because some of them would like to use it while others don't get use to it. Also, it depends on the modules. For example, in LE module our team almost didn't use it at all because we always worked together and created all the ppts together. Even though we searched some information after teamwork, we just brought them to the next meeting instead of uploading them into wiki. Everyone has his/her own opinion towards a question and then looks for information according to his/her minds. Even though this information has been uploaded into wiki, others may not know what does he/her mean at all and then give up reading. Therefore, face-to-face talking appears more effective and practical because we can understand others opinion in several minutes and give feedback to them immediately. But in KBAM module, we used wiki frequently because the task was so tough and it was impossible for everyone to work together all the time. However, as far as I'm concerned, the contribution of wiki this time wasn't at communication. We still brought all the information we found to the meeting and discussed together. The contribution of wiki was it helps our leader to organize our work more efficiency. We created different pages for everyone so that the leader can see clearly what we did and thus can link our work quickly. Anyway, it was a great help.

April 09, 2011

which is more effective?

Yesterday Paul asked which way is better to learn, lectures or teamwork? I think it's hard to decide which one is more effective generally. Some students prefer lectures and they can learn more through lectures while some students may prefer teamwork. Education can't always satisfy all the students' requirements. For example, there are usually 2 or 3 talent students in a class who don't need to follow their teachers' instructions. In contrast, may be 2 or 3 students can hardly understand what the teachers' say. Most of the time, teachers are teaching the majority of the students but not everyone. Generally speaking, we learn theories in lectures and obtain more practical experience from teamwork. Even for one student, he requires theoretical knowledge in one condition and seeks for practical knowledge in another situation. In my opinion, theory knowledge is more important than practical knowledge at the beginning of learning or else we don't need to go to schools. We learn theory at schools and then study practical knowledge at work. Without theory it is difficult to learn in practice. Some of the Chinese didn't get well education but they performed well at work because of the experiences, they learned a lot of things from practice. Most young people, though they learned a lot theory in school but they could work effectively because the lack of experience. However, after several years working, the abilities of these young people usually went beyond their seniors. This was because the theoretical knowledge helped them better at summarizing and conclusion.

April 08, 2011

different experiences

It's different to prepare 4 presentations and 1 presentation. In CBE and LE, we were required to complete 5 or 6 mini-projects together. At that time, we needed to find as much information as we could and then summarized them into our presentations. As long as we got enough information, we could make our ppt quickly. But this time, things changed. We found a lot of information because we only concentrated on one topic, then sometimes we didn't know what we should put into our ppt. The whole presentation is only 20 minutes, but after our research each of the aspect in asset management could be talked over 20 minutes, if we wished. Thus, we had to discuss our slides, modify them and rehearse them again and again in order to control our time. Obviously, we could only show part of our outcomes in the presentation. The requirement of this presentation is higher than before not only because we have to spend the same amount of time in one question but also it requires a better skill in summarizing our work. But the "better skill" must base on "a better understanding". Only if we can understand the topic clearly we are able to make a proper summary. Things turn out to be the same in real practice. Companies usually choose more than one consultant firms at the beginning and then decide which one to choose according to their scheme outlines. So it is important for the consultants to think carefully what the board really wants to know and how to draw their attentions in 20 minutes presentation.

April 07, 2011

emergency response plan is important

Few SMEs have a whole asset management system, it is easy to understand. There are seven aspects in asset management according to our material and each of the aspect has its own management system. Each of the system can go so much detailed into it and can be time-consuming and expensive. Also, because of there aren't so many assets in SMEs, so that managers believe the assets are easy to be managed without a asset management system and thus time and money can be saved. It may work and lots of SMEs run well without such a system. I'm not an expert to judge it's ok or not. But in my opinion, these companies at least should have emergency response plans and provide basic training for employees in dealing with immediate incidents. Besides, employees need to be familiar with their emergency response plans so that it helps them to keep clam during disasters. What's more, emergency response plan is important to large companies, either. I believe there are many risk analysis in aircraft industry and railway industry, but misfortune continue happening. None of the companies has perfect management system and of course, not every hazard can be identified. Therefore, companies can never overlook creating their emergency response plan.

April 05, 2011

consultants could be ineffective

Asset management is quite broad and there are many aspects needed to be considered. Obviously, none of the companies can focus on every perspective in asset management and also, it is impossible to work on each of the points because of the cost of time and money. Therefore, companies must choose the must crucial parts in their asset management. In the presentation, our role is the consultants and we found that it is a difficult task. One of the main reason is we aren't familiar with the conditions in WaveRiders. We spent a lot of time in identifying what assets WaveRiders could have and trying to search for the potential problems that these assets may generate. Thus, I can understand why some companies don't trust consultant firms. No one can be as familiar as the employees in WaveRiders do in understanding the situations with WaveRiders. If the consultant firms fail to have a clear picture of WaveRiders, it is impossible for them to identify the problems. Take the health and safety management as an example. We don't know exactly what assets WaveRiders has, we don't know what is the most dangerous equipment and material, we don't know what happened before in WaveRiders. Employees in WaveRiders may not be experts at asset management but they know their company better than others. Specialists in consultant firms are good at the asset management but perhaps they have no idea about WaveRiders before they receive the project. So it is hard to say who is better at doing this task.

April 03, 2011

repair or buy

No one wants to deny the importance of asset management but almost all the companies only focuses on managing the assets that have high values. This is because the time and people are usually limited in a company and managers believe asset management is not so important in low-value products, so that they tend to let his people to work on other important projects. Not only managers but also many employees have the same opinion. Seldom people really care about low-value assets because they don¡¯t want to ¡°waste¡± their time in these non-valued products. As a result, the report in accounting departments will become messier year after year and finally, it is impossible to manage these things through the reports.

In addition, asset management is always missing in this situation. For example, if a duplicating macline has been destroyed, most of the companies are going to let someone to fix it instead of buying a new machine. However, repairing machines costs a number of money either. It is possible that even buy a new machine costs a lot, the effectiveness and efficiency of the machine will increase work performance. Also, repairing machines never mean to spend less money than to buy a new one, which is obviously.  

March 31, 2011

it's difficult to identify assets

So far what we have done is about how to treat the asset in WaveRiders, for example how to maintain it, how to improve it to meet health, safety and environment policies. These are difficult and complex tasks, obviously. To start asset management, firstly we should know what is asset, which means it is important to identify the asset. But it is so difficult to know exactly what assets a company has, especially when the company is large. For example, it¡¯s the purchase department¡¯s responsibility to buy a new product, after that, the product will be sent to a particular department or person. Now the company has already got the product. At the same, the related accountants must record the purchase correctly. When the product is broken and has to discard it. The related accountants should be informed either in order to modify the record. If the accountants fail to receive the message or they make a wrong record, than there will be a gap between the record and the real product. This situation can happen frequently. For instance, the purchaser forgets to inform the accountants or the accountants overlook the message, especially when the value of product is low. The differences will certainly generate problems and chaos when inspecting the assets. Companies always use the record to manage its assets, to identify their assets and the value of them, and then give some instructions to deal with some assets. If a non-existent product is given some instructions, it¡¯s easy to imagine the problems.

March 30, 2011

vision should be the centre

Our group had a discussion about the project yesterday and set a simple and rough structure of our presentation. According to the requirement of the presentation, we linked AM, KM and EFQM together. However, potentially it helps to link the mission or the goal of WaveRiders with those aspects. The vision of a company should always be the center in AM and KM, or else the value of A/KM will significantly reduce. In fact, not only A/KM but also all the strategies and approaches which deploy in a company, the purpose of them is to contribute to the vision.

Besides, we tried to find all the possible assets that WaveRiders has but we just focused at the fixed asset in WaveRiders. Maybe it's ok because we don't have the situation to manage liquid asset such as the inventory. Yes, we can manage it within the company however, in real life, it should be managed with the consideration of the environment of the market. If the market condition becomes uncertain and unpredictable, inventory management may appear more difficult.

March 29, 2011

KBAM, i can see the difficulty

It¡¯s the time for a new module, and of course, for a new project. There are many materials about KBAM, which implies KBAM is definitely a difficult process. Take asset management as the example. Firstly, the scope of asset is quite broad, which includes both tangible and intangible assets. Secondly, so many factors need to be taken into consideration in AM. In my opinion, it is more difficult to manage intangible asset than the tangible one. Tangible asset is easy to identify while sometimes intangible asset may be overlooked. Also, the outcomes of tangible asset are easier to calculate but it is hard to identify the results of intangible asset. Therefore, perhaps people would prefer to manage tangible asset because the contribution of it can always be seen directly and thus motivate people. In addition, I can see there are a lot of interactions among different kinds of AM, so maybe it is easier to apply AM in small companies than in large companies. For example, it is likely that there is a conflict between environment management and maintenance management. When the number of assets increases, the conflict may grow, so more effort should be paid in order to balance it. What¡¯s more, in a large company, most of the time each department is only responsible for itself assets, therefore, many sub-optimizations will appear. More concerns should be paid either so as to reduce these shortages.

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Most recent comments

  • every tools has its specifics..however…they are not away from limitations…i believe two or more … by on this entry
  • yes, I agree wiki supports knowledge sharing, but not all the time. In KBAM, it did. Because we had … by on this entry
  • I agree with you, Vagelis. So that's why I said it's important to judge which one is more effective.… by on this entry
  • Hiii Lucy, yeah I feel the same as wel! in LE and RDM my team was rarely use wiki since we had meeti… by on this entry
  • You may wish to consider that in real life as a manager of an organization meetings like the one we … by on this entry

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