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All articles listed in reverse chronological order.

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The Conscious Asset Framework – 1

The Conscious Asset Framework – 1

Building a successful and sustained asset management program

Part 1 – setting up the framework

By: James Reyes-Picknell & Uri Wittenberg. Many companies struggle with improvement efforts of all sorts. The ISO standards on Asset Management have sparked a great deal of interest that goes beyond just the maintenance and engineering communities.

CFOs understand the potential benefits of good asset care and good life cycle asset decisions – they want the financial performance, improved revenues from dependable production capacity, reductions in CAPEX and OPEX from higher reliability, increased standardization and design for maintainability as well as operability. [Read more…]

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Meetings: As Certain and as Joyous as Death and Taxes

Meetings: As Certain and as Joyous as Death and Taxes

Guest Post by Joseph Paris (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

There are very few people that actually enjoy meetings.  I have never heard anyone say, “I can’t wait for the meeting this afternoon” unless it’s followed by “I won’t have to eat at my desk.”

Certainly, the people who are called to attend a meeting largely lack enthusiasm are energetic unless they, or their project, are the reason for the meeting – and even then, only if it’s expected to be a positive experience for them.  And the person calling the meeting will not usually be enthusiastic or energetic unless the reason for the meeting is something joyous or dreadful – or unless they are an autocrat or narcissist who just wants to tell people what to do, how to do it – and otherwise ladle-on (usually unreasonable) commands and demands. [Read more…]

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FEMA’s Shift to Proactive Risk Mitigation

FEMA’s Shift to Proactive Risk Mitigation

Guest Post by James Kline (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

The U.S. federal government is beginning a shift from a reactive approach to a risk event such as a flood or hurricane, to a proactive approach to risk management.  This can be seen clearly in the changes to the Federal Emergency Management Agency (FEMA) requirements as stated in the 2018 Disaster Recovery Reform Act (DRRA) and the Draft National Mitigation Investment Strategy.  This piece looks at these changes. [Read more…]

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New Technologies but Old Operating Context

New Technologies but Old Operating Context

With the growing trend of Internet of Things (IoT), Artificial Intelligence (AI) and Data Science in Industrial Asset Management domain; I just wonder whether the Plant Engineers will still be keeping tab on the ‘Operating Context’ of their assets to extract real value from these revolutionary technologies or will just rush like lemmings to adopt them. [Read more…]

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Adaptive, Antifragile, Resilient, Or Just Trying to Be Compliant

Adaptive, Antifragile, Resilient, Or Just Trying to Be Compliant

Guest Post by Geary Sikich (first posted on CERM ® RISK INSIGHTS – reposted here with permission)

Some interesting points about how organizations apply current standards such as Business Impact Analysis (Assessment) (BIA), risk assessment methodologies, compliance and planning has been written about lately.   Each author presents good arguments for their particular methodology.  Nassim Taleb created the concept of “Antifragile” because he did not feel that “resilience” adequately described the need for organizations to be ready to absorb the impact of an event and bounce back quickly.  [Read more…]

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Reporting is King of CMMS

Reporting is King of CMMS

The ability to make smarter asset management decisions is one of the main benefits of implementing computerized maintenance management software (CMMS). And the driving forces behind that ability are the reporting and dashboard features. Data mining is arguably the most important CMMS feature of all—it’s certainly a feature you should assess carefully when comparing software options. The CMMS reporting feature helps organizations accomplish the following:

Identify Trends & Weaknesses

Tracking key performance indicators (KPIs), or quantifiable metrics that reflect performance, allows maintenance managers to measure success. Mean Time Between Failure (MTBF) is a common KPI reported on within CMMS software. It reflects the amount of time lapsed between occurrences of asset failure, enabling maintenance staff to pinpoint problem assets. For example, a low MTBF for a specific piece of equipment could indicate there’s an underlying issue. Reporting KPI measurements such as these help maintenance managers spot potential trends leading to equipment breakdown and lags in production.

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Progression Not Perfection

Progression Not Perfection

Over the last month, I’ve hired a coach to help me improve so I can improve and, more importantly, be happier.  In one of my latest sessions, my coach said the goal for every day is “progression not perfection”.  The concept being that perfection is unattainable and if we judge ourselves on perfection, we’re always going to be unhappy. [Read more…]

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Action Strategies to Reduce Occurrence Risk

Action Strategies to Reduce Occurrence Risk

What strategies can be used to reduce occurrence risk in an FMEA?

“Luck is not chance, it’s toil; fortune’s expensive smile is earned.”
Emily Dickinson

The Oxford English dictionary defines “occurrence” as “the fact or frequency of something happening.”

Reference the article Understanding FMEA Occurrence Risk – Part 1 which discusses how Occurrence is defined and applied in FMEA.

[Read more…]