Asset Management vs Performance

Abstract

Philip and Fred discuss the important differences between Asset Management “Systems” and “Asset Performance”. Philip has been teaching at the university level for over 10 years as an industry expert and has concluded that adherence to Asset Management System and certification does not equate into great asset performance. There is a very big disconnect between the asset performance of those organizations who are actually certified in asset management systems like ISO 55000. If you have a good Asset management “System” in the industry today it does not guarantee that you will have great “Asset Performance”.

Why ISO “management systems” like ISO 9000 and ISO 55000 and ISO 14000 are not well suited to produce top “Asset Performance”.

ISO is after all – a self-confession – “say what you do – then back it up with documentation to prove you do what you say!”

Why is poor asset performance possible form certified organizations? Why is top performance in an industry occuring where organizations are not certified to ISO 55000? Why do digital twins fail to deliver?

Remember – “the pursuit of Performance is the only thing that makes you Excellent!”.

Key Points

Join Philip and Fred as they discuss
Topics include:

Asset Management Systems do not guarantee top Asset Performance
Top Asset Performance often occurs without a standard based Asset Management System
The pursuit of Excellence delivers the best in Class performance.

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SOR 981 Asset Management vs Performance

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Show Notes

About Philip Sage

Philip is a CMRP – 40 years of Industrial Reliability Experience, Quality Management, Operations, Leadership and a noted book author. Philip is based out of Australia and works with multicultural teams globally helping them innovate and deliver maximum value . As a Global Talent and Subject Matter Expert (SME) he has been called upon to perform design audits for large corporate projects, and helped other teams achieve reliability centric Operational Excellence. Today he supports the delivery of optimized (RCM) Reliability Centred Maintenance Strategy delivery and trains engineers globally.

He has served many posts. This includes 3 years in Northern China as the design architect of a large green field manufacturing plant and 2 years supporting Asian Reliability Engineers. Along the way Philip has trained in multiple languages and learning cultures. He has designed training that works. He has enabled the maintenance planner using.
 High Precision Planning or (HPP) for the complete materials management with the kit up function interacting with graphical scheduling of individual scheduling and craft qualification tracking. Philip has advanced the use of most top ERP systems including deploying machine performance prognostic health monitoring with a novel performance measurement called the Reliability Performance Index or (Rpk). Philip has enabled Root Cause Failure Analysis (RCFA) using automation to initiate a RCFA analysis and track the open action items. Philip has designed novel Asset Health Monitoring scorecards that included predictive testing and inspection results recording against national and international standards.

Over his global career - Philip has worked extensively with advanced teams in the United States, Europe, The Middle East, Sub-Sahara Africa, South East Asia, China and Australia/New Zealand.