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Strategies to Achieve Smart Asset Performance @ ARC's 2011 Industry Forum

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ARC Advisory Group
ARC Advisory Group

Strategies to Achieve Smart Asset Performance @ ARC's 2011 Industry Forum by Wil Chin. APM Solutions Leverage Informationto Optimize Asset Availability and UtilizationWhile Balancing Operational Constraintsto Improve FinancialResults

TechnologieBusiness
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Strategies to Achieve Smart Asset Performance Wil Chin Research Director ARC Advisory Group wchin@ARCweb.com
2 © ARC Advisory Group What is Smart Asset Performance? -Asset Performance Management Financial Environ- ment HealthSafety Critical Issues APM Solutions Leverage Information to Optimize Asset Availability and Utilization While Balancing Operational Constraints to Improve Financial Results Utilization Availability
3 © ARC Advisory Group Asset Lifecycle Management Processes Project Performance Management (PPM) Asset Performance Management (APM) Asset & Project Portfolio Management (APPM) Handover Modification RequestsFunded Projects New Facility Requests
4 © ARC Advisory Group Sustainability Stewardship Asset Performance Optimization (Financial & Production Based KPIs) Manage Critical Issues and Operational Constraints (Industry Specific) Improve Asset Utilization Operations Improve Asset Availability Maintenance Strategic Objectives of APM Asset Information
5 © ARC Advisory Group How do you deploy an APM Strategy? •View, Decide •Apply, Measure, Improve Act •Modeling & Simulation •Un-complicate Data, Contextual Information Analyze •Rationalize, Scrub Data •Integrate Information Acquire •Audit •Strategy, Plan Objectives
6 © ARC Advisory Group APM Requires Collaborative Solutions Automation and Business Solutions Must Seamlessly Work Together Reliability Risk/Safety Historian EAM/ CMMS Mobile GIS Inventory Simulation Analytics ERP PAM CM CO2 Energy Mgmt MES APM
7 © ARC Advisory Group What are the Functional Benefits of APM? Reduce Unplanned Shutdown Increase Productivity Increase Asset Reliability Improve Safety Improve Asset Integrity Extend Asset Life Improve Overall Asset Performance
8 © ARC Advisory Group APM Information Improves… Workforce Efficiency Procurement Efficiency Inventory Management Maintenance Strategy Management of Asset Lifecycle Plant Operations Business Results
9 © ARC Advisory Group Thank You. For more information, contact the author at wchin@arcweb.com or visit our web pages at www.arcweb.com

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Strategies to Achieve Smart Asset Performance @ ARC's 2011 Industry Forum

  • 1. Strategies to Achieve Smart Asset Performance Wil Chin Research Director ARC Advisory Group wchin@ARCweb.com
  • 2. 2 © ARC Advisory Group What is Smart Asset Performance? -Asset Performance Management Financial Environ- ment HealthSafety Critical Issues APM Solutions Leverage Information to Optimize Asset Availability and Utilization While Balancing Operational Constraints to Improve Financial Results Utilization Availability
  • 3. 3 © ARC Advisory Group Asset Lifecycle Management Processes Project Performance Management (PPM) Asset Performance Management (APM) Asset & Project Portfolio Management (APPM) Handover Modification RequestsFunded Projects New Facility Requests
  • 4. 4 © ARC Advisory Group Sustainability Stewardship Asset Performance Optimization (Financial & Production Based KPIs) Manage Critical Issues and Operational Constraints (Industry Specific) Improve Asset Utilization Operations Improve Asset Availability Maintenance Strategic Objectives of APM Asset Information
  • 5. 5 © ARC Advisory Group How do you deploy an APM Strategy? •View, Decide •Apply, Measure, Improve Act •Modeling & Simulation •Un-complicate Data, Contextual Information Analyze •Rationalize, Scrub Data •Integrate Information Acquire •Audit •Strategy, Plan Objectives
  • 6. 6 © ARC Advisory Group APM Requires Collaborative Solutions Automation and Business Solutions Must Seamlessly Work Together Reliability Risk/Safety Historian EAM/ CMMS Mobile GIS Inventory Simulation Analytics ERP PAM CM CO2 Energy Mgmt MES APM
  • 7. 7 © ARC Advisory Group What are the Functional Benefits of APM? Reduce Unplanned Shutdown Increase Productivity Increase Asset Reliability Improve Safety Improve Asset Integrity Extend Asset Life Improve Overall Asset Performance
  • 8. 8 © ARC Advisory Group APM Information Improves… Workforce Efficiency Procurement Efficiency Inventory Management Maintenance Strategy Management of Asset Lifecycle Plant Operations Business Results
  • 9. 9 © ARC Advisory Group Thank You. For more information, contact the author at wchin@arcweb.com or visit our web pages at www.arcweb.com