Understanding Asset Hierarchy with Shon Isenhour and Brandon Weil
Asset hierarchy is very important to utilize the limited resources of an organization in the best way possible. It helps manage time and cost by prioritizing our assets. That’s why every organization needs to have a hierarchy. There are a lot of standards out there to help you build an asset hierarchy. ISO 14224 helps greatly in the matter. It contains guidelines that a maintenance and reliability organization can use to define some sort of organized processes and procedures that are important to have in the facilities. When they have laid out a foundation that way, it gets easier to do all sorts of things.
In this episode, we covered:
- What is Asset Hierarchy?
- Why is the asset hierarchy needed?
- How should an asset hierarchy be organized?
- How to develop an asset hierarchy?
- And much more!