During this one-day, work process course, participants will learn about the necessary elements for a successful Asset Performance Management (APM) initiative and the framework for a living strategy.
Course attendees will gain an understanding that a successful APM initiative should include appropriate asset characterization and measurement processes, a risk assessment method, tools for effective data analysis to identify and track opportunities for correction, and mechanisms to provide feedback on progress.
This course is designed for individuals who want to ensure their assets perform more effectively
When you complete this course, you will be able to:
Explain the fundamental use cases of Asset Management Systems, along with the policies, processes, and procedures used by an organization to ensure it can meet its objectives.
Understand Master Data, along with the effective and efficient classification of equipment.
Understand events and activities involving the assets including strategy development, maintenance, repair, etc.
Explain risk by using a standardized assessment of Risk in terms of Probability and Consequence.
Determine the health of equipment by usingaAutomated and manual evaluation of performance.
Appky management by exception methods by analyzing data and getting the software to work for you.
Create recommendations for maintenance or correction and feedback loops to monitor progress.
A systems-based approach to balancing Availability, Risk, Cost, and Compliance.
Understand that to manage a facility it is vital to know what assets exist and where they are located. Introduce non-transactional classification approaches and the benefits of standards.
Learn about the importance of connecting event data to the assets to track things like Work Orders, Inspections, Instrumentation, Production Events, Strategy Development, and more.
Look at the importance of a standardized approach to Risk Assessment as it relates to the assets. Examine risk assessment and its value related to strategy development and resource allocation.
Operational performance data is essential. Understand that predictive technologies and preventive maintenance are vital elements that aim at optimal availability, cost reduction, and extending asset life.
Capitalize on systems that will analyze large amounts of data for you and alert you to anomalies. Review other tools that help make sense of it all.
Planning for improvement and feedback mechanisms that help evaluate progress.