15 minute read
where did it come from?
ASSET MANAGEMENT - WHAT IS IT AND WHERE DID IT COME FROM?
Over the last few years, a new term has become more popular in the world of maintenance and reliability and its asset management. BY CLIFF WILLIAMS
Oen, it is difficult to tell the difference between asset management and maintenance and reliability, as they o en seem interchangeable. This begs the questions, “are they the same things, what is asset management?”
To answer these questions we need to understand where the term “asset management” came from and what it entails. Asset management is not a new term, but its context has changed. An internet search 10 years ago would show links to financial institutions or plans. Today, those still show up, but spread amongst them are links to organizations or articles about “effectively manage existing and new assets to deliver value.” When adding “holistic” or “physical” to the search, the number of financial links drop off dramatically. So why the change?
The events that prompted the change in context, started in the U.K. during the 1980s and 90s. It was when the U.K. government privatized industries (steel, utilities, infrastructure and railways) that had previously been government owned. By the late 1990s into the early 2000s, problems started to occur within the utilities and infrastructure in the U.K. These problems were related to the failure of assets. It was recognized that this could not continue, and there appeared to be a systemic problem related to how the assets were being managed.
Asset related failures ultimately led to the issue of Publicly Accessible Specification for the optimal management of physical assets or PAS55 in 2004 – issued by the Institute for Asset Manage-
ment and the British Standard Institute, which was revised in 2008. Numerous other countries were involved in the 2008 revisions, which led to the realization that no real international standard for asset management existed.
Therefore, the idea of an ISO standard was formulated and a technical committee set up in 2010 to start the process of developing an ISO standard. It took until 2014 and over 30 countries as creators or observers for it to come to fruition. The standard, published in early 2014, was made up of three parts. -ISO 55000 Asset management –
Overview, principles and terminology -ISO 55001 Asset management –
Management System - Requirements -ISO 55002 Asset management –
Management systems - Guidelines on the application of ISO 55001
In 2018, there was a revision and version ISO 55002 – 2018 now exists.
It was the publication of the ISO Standard that prompted changing context, and the introduction of asset management into the world of maintenance and reliability. Many ISO development commi ee members lived or had lived in the maintenance and reliability space. therefore, it was natural for them to introduce the new standard to their audience. The response varied around the world. In the U.K. and Australia, the countries that had adapted the PAS 55 philosophies the most, viewed it as the next logical step in the asset management process.
In North America, which had a limited uptake of PAS55 or its philosophies, there was confusion. Some organizations presented it as the next step in maintenance and reliability, some substituted maintenance and reliability with the term asset management, and some embraced the philosophies and approaches described in ISO 55000.
The situation in Canada has certainly swung towards the ISO 55000 end of the spectrum. Governments and bodies such as the Federation of Canadian Municipalities have identified this approach as being the desired philosophy for asset management. In 2017, the Government of Ontario enacted O REG 588/17 Asset Management Planning for Municipal Infrastructure, which follows many of the principles presented in ISO 55000 and requires municipalities to develop asset management plans (AMP).
What is asset management?
Asset - something that has potential or actual value to an organization. (ISO 55000).
You can see this does not restrict the definition to tangible assets, such as equipment and tools, but includes intangible assets such as reputation, intellectual property, knowledge, systems, and even human assets. This is where we realize that maintenance and reliability is not synonymous with asset management. Maintenance and reliability are an important part of asset management, but there is more, as becomes apparent when we see the definition of asset management.
Asset management – the co-ordinated activity of an organization to realize value from assets (ISO 55000).
The key takeaway is that it implies all activities required to realize value (goal se ing, finance, personnel, procurement, design, marketing, administration hiring, systems), and maintenance and operations. Therefore, asset management is an organization’s operating philosophy.
To understand asset management better, we need to see it is built upon four fundamentals as per ISO 55000. Value - The reason that assets exist is in order to provide the maximum value to the organization and its stakeholders.
This can only be achieved by ensuring that what you are trying to achieve, with your asset management goals and objectives, clearly support your organizational objectives. To do this there will need to be a clear definition of value in response to stakeholder needs, and the whole lifecycle management approach is used to derive value.
Alignment - This ensures consistency of purpose and direction from the organizational objectives, through the asset management policy to the activities, plans, and decision making, in enabling the achievement of the objectives.
This requires the integration of the various functions or departments of the organization into the decision-making processes that are driven by a risk-based, informed approach in support of the organizational goals.
Leadership - Leadership and workplace culture are determinants of the realization of value (ISO 55000).
This requires that the leadership create a culture where employees are educated, empowered, and engaged with the skills knowledge and information to carry out their clearly defined roles and responsibilities.
Assurance - This is how the organization can demonstrate effective governance by ensuring the assets are fit for purpose and will fulfill the required purpose.
This requires that processes exist to monitor the capability of the assets to meet purpose and measure that performance with a view to continual improvement. This is done in the context of demonstrating the capabilities of the asset management activities in delivering value as described in the organizational objectives. MRO
Cliff Williams is author of the bestselling maintenance novel ‘People – A Reliability Success Story.’ He is a maintenance and asset management educator, and a keynote speaker at conferences around the world, who believes success is achieved through people. Currently Cliff shares his knowledge and experience as an advisor on maintenance and reliability for people and processes, and asset management with TMS asset management and is a facilitator for PEMAC’s Asset Management Program.
Flir SV87-KIT
Flir SV87-KIT is a new automated vibration and temperature condition monitoring device.
Flir SV87-KIT includes four wireless SV87 vibration and temperature remote sensors, anda wireless Flir GW65 Gatewayfor 24/7 continuous monitoring of asset vibration and temperature data.
The data can be transferred to any tablet, smartphone or computer via a Wi-Fi network, and allows the user to visualize trends and receive alerts via an app or email in the event of exceeding a threshold. Configuration of thresholds can be set manually for customized applications or based on common ISO standards.
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Rittal TS IT Pro Wenclosures
Ri al Systems Ltd. TS IT Pro enclosures are designed for large scale deployments, and high-density cooling and cabling solutions.
TS IT Pro ships with a perforated single front door and split rear doors keyed alike, leveling feet, casters, roof with brush baffle cable access channels, and vertical cable walls with dual PDU mountings.
Features include shock pallet packaging for shipping, full height rear accessory channels, quick-release door handles, removable doors and increased cable openings.
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EXAIR VariBlast precision safety air gun
EXAIR VariBlast precision safety air gun with nano super air nozzle has an engineered variable flow trigger to produce variable force upon a target.
Built in the 1/4 NPT gun is a full finger trigger and a hanger loop. It requires 8.3 SCFM and is made of type 316SS or PEEK thermoplastic. Available with a standard 12-inch or 20" extension, which can also be outfi ed with an impact resistant polycarbonate chip shield. The air gun body is made of glass reinforced nylon and produces 75 dBA noise level.
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Endress+Hauser iTEMP TMT142B smart transmitter
The Endress+Hauser iTEMP TMT142B new generation smart temperature transmitter, delivers measurements, wireless communication via Bluetooth, and user-friendly operation, packaged in a single-chamber field housing. The transmi er features a secure Bluetooth interface that enables users to wirelessly visualize measured values, NAMUR NE 017 diagnostic information and perform configuration tasks.
The backlit display provides readability under all environmental conditions. Diagnostic messages are highlighted when the normally white background turns red.
The configurable single-channel device transmits converted signals from resistance sensors, thermocouples, resistances and voltage transmi ers via the four to 20 mA signal or the HART 7 communication.
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Atkore TECK cable connectors
Atkore has expanded its one-piece TECK cable connectors to provide protection in indoor and outdoor applications, and available in two versions.
The TECK cable connector is made from Type 304 stainless steel. Rated to IP65 and NEMA 4 protection, the they utilize a neoprene bushing that provides pull out and sealing protection. They form a watertight seal around the cable and at the enclosure entry, with no assembly or disassembly required.
The calbond PVC coated version is made from aluminum. Both TECK cable connectors are available in 1⁄2” to 4” hub sizes.
www.calbrite.com
Winco stainless steel adjusting screws
Winco GN 827 stainless-steel adjusting screw is intended for use with bearing blocks GN 828. The mechanisms are moved into or out of position using an adjusting screw with rotating knob and hexagon socket fi ed with a scale with 0.1 millimetre graduations.
The stainless-steel adjusting screws are available in a variety of thread diameters and lengths, and can be fastened to the production machine in combination with bearing blocks GN 828.
Once the right se ing has been found, the adjusting screw can be locked in place with a stainless-steel knurled nut GN 827.1.
They are available with a female thread matching the adjusting screw, or a receiving groove that provides axial support for the adjusting screw. Also, the receiving groove has a laser-engraved reference line for adjusting the device.
www.jwwinco.com
JW Winco sanline range
JW Winco added antibacterial protection to a series of standard parts, grouped into the sanline product family. The handling elements: bu ons, hand levers, U-handles and wing nuts, make use of two different principles. In the case of plastics, special additives with silver ions are mixed in, while metal parts are given powder coatings based on zinc molybdate.
Both principles destroy the cell walls of the microorganisms, causing them to die. Zinc molybdate additives are of particular interest. With the help of moisture in the air, an acidic film with a pH of about 4.5 forms on the surfaces, similar to the one on human skin. The acid protons penetrate the cell membrane of the bacteria and destroys them.
www.jwwinco.com
Rinnai building management system
Rinnai’s new building management system (BMS) gateway provides a so ware systemused to remotely control and monitor Rinnai commercial tankless water heaters.
BMS gateway allows businesses to remotely turn tankless water heaters on or off, adjust water temperature, monitor flow rates and operation hours. The touchscreen user interface allows up to 15 view-only parameters, such as water flow rates, combustion cycles, operation hours and error code history.
BMS gateway works with RinnaiCU199 andCU160 condensing tankless models and uses BACnet, Modbus or LonWorks communication protocols.
www.rinnai.us
Atkore’s new Calbrite flex offering includes stainless steel hygienic liquid tight conduit and fi ings.
Rated up to IP69, the hygienic liquid tight series prevents contamination from oils, dirt, dust and liquid.
It is made from stainless steel 316 helically wound flexible conduit. Providing rust-proof performance, it features an oil resistant blue hygienic PVC coating. It offers compression strength up to 400 kilograms, tensile strength up to 130 kg and a temperature range of -20°C to 105°C.
www.calbrite.com
Festo EHMH heavy-duty axis
Festo EHMH is a muscular cantilever axis with rack and pinion technology that handles payloads up to 200 kilograms. As a Z-axis, EHMH includes the EGC-HD heavy-duty toothed belt or ball screw model as the X-axis, CPX-E control system, CMMT-AS AC servo drive, EMMT-AS servo motors, plus other accessories.
EHMH comes in two sizes. It combines a solid steel profile and recirculating bearing guide, with feed force that speeds up to 1.5 metres per second. EHMH can be configured for enhanced safety protection up to performance level d. The interpolation performed by multiple EHMH-based gantries can be controlled from a single CPX-E motion controller. The CPX-E is an alternative to the larger controllers required to manage multiple articulated robots.
www.festo.com
The Podcast for MRO Professionals
The podcast features conversations with industry experts about maintenance, reliability, and operations. Topics that are of utmost importance to MRO readers. Previous guests and topics have included: Sco MacKenzie – Maintenance at TMMC Plants with a Focus on the Environment; Martha Myers – Importance of Networking and Education in Maintenance; Doc Palmer – Focus on Scheduling and Planning of Maintenance; James Reyes-Picknell – Managing Maintenance and Reliability; and Shawn Casemore – Engaging Your Employees in a Safety Culture. MRO
Mr. 0, The Practical Problem Solver
Planners: The Underestimated Safety Heroes
One of the key roles in the maintenance world is the planner, they have the great task of de ning and re ning details to execute the required job, in order to keep assets up, nance on check, and most of all keep workers safe.
A pre-planned work order will have the advantage of reserving necessary materials and tools, and list any precautions that must be taken in order to complete the job in a safe manner. While avoiding delays and frustration with operations, and enabling fair scheduling, that allows all parties involved on the maintenance activity to coordinate and execute in the most ef cient and effective way.
Often this role gets overlooked or even ignored, management believe that having a CMMS/EMS will do the work; but there is nothing farther from the truth. Planning goes beyond estimating the number of hours and standard resources to complete a job; it procures and assigns the safety procedures that convey to the speci c situation. A good planner also looks at the history of the asset involved, getting insights on similar jobs from the past and can foresee any hazard. A missing element of any emergency-unplanned work.
It has been proven that planned work is safer and even less stressful than no planned work. Even though your CMMS/ EMS can help to pre-populate any safety procedure based on asset classi cation or work order type, only a good planner can complement this information and consider more elements that will keep everybody safe. MRO
- Erika Mazza, CAMA,CAMP
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