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Asset Hierarchy Realignment in EAM Tool

Presenter: Olayemi Akinola
Project Manager, Cameco Corporation
We were not able to leverage the full capabilities of our EAM tool because assets were not mapped consistently and coherently within our operating sites and across various operating sites of our company. Therefore, we undertook the project of realigning the assets in our EAM tool. We leveraged the opportunity presented to us through moving to the upgraded version of EAM. We capitalized on that opportunity and included the scope of realigning the assets. The realignment included not just the hierarchy of the physical assets but also the classification of asset hierarchy based on asset types by utilizing the capabilities of the EAM tool. This exercise also involved the inclusion of failure codes at the right granular levels. A realigned asset hierarchy brings benefits such as improve reliability and criticality assessment, improve cost tracking, better monitoring of KPIs, facilitate asset location, standardization of reports, and supports root cause analysis. This presentation will review our approach, lessons learnt, associated risks and successes.
About the Presenter:

Olayemi Akinola, P.Eng., CMRP, PMP
Yemi is a professional engineer with over 15 years of expertise in facility operations, asset management and continuous improvement from the oil &gas, public utilities and mining industries.
He is always excited to contribute his expertise and drive excellence by bringing a holistic approach to project management and operational efficiency.
He currently works for Cameco Corporation as a project manager overseeing projects related to asset information management and asset master data integrity, ensuring compliance with company policies.
Yemi holds a B.Sc. in Electrical and Computer Engineering and a M.Sc. in Maintenance Engineering and Asset Management.