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Lunch and Learn Webcast: Solving the Asset Management Mystery at the Maintenance Execution Level

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Content Description
Original date: 
Wednesday, July 26, 2023

An integrated and aligned link between asset management and maintenance management practices is a key value driver for organizations. This session will focus on defining, understanding, and quantifying the value from cascading business improvement initiatives, how asset management, maintenance and reliability decisions at all levels contribute to organizational success and provide takeaways for calculating the impact on organizational performance measures.

How does a corporate Asset Management program translate into processes, practices and procedures on the shop floor?

Key Take Aways

Asset lifecycle and relationship between AM and M&R (end to end holistic asset management with the emphasis on contributions from lifecycle delivery)

How M&R decisions and front-line improvement initiatives contribute to achieving overall organizational goals and objectives.  How is goal alignment to AM program established, managed, and reinforced at the M&R execution level?

Measuring and moving the dial on M&R performance indicators and how they contribute to overall organizational key performance indicators

links between key asset availability, reliability, maintainability, uptime to SHEER – safety, health, environment, economics, regulatory; PESTLE, ESG)

example of increased availability leading to more uptime and thus increased economics; include examples of how improved planning & scheduling can lead to increased availability, how PMO / RCM contribute to increased PdM and thus increased uptime (more online condition-based monitoring while assets are running)

example of improved reliability and maintenance practices contributing to easier demonstration and reporting of regulatory compliance


BoK Content Source: 
Practitioner Produced
BoK Content Type: 
Asset Management Framework Subject: 
01 Strategy & Planning, 1.00 Strategy and Planning General, 03 Lifecycle Delivery, 3.00 Lifecycle Delivery General, 3.05 Maintenance Delivery, 3.06 Reliability Engineering, 05 Organization & People, 5.05 Competence Management
Maintenance Management Framework Subject: 
02 Maintenance Program Mgmt, 2.0 Maintenance Program Mgmt General, 03 Asset Strategy Management, 3.0 Asset Strategy Management General
Author Title: 
Principal Consultant
Author Employer: 
Steppe Consulting Inc.
Author Bio: 

Susan Lubell—P.Eng., MBA, MMP, CAMA—has extensive experience in the fields of asset management, reliability, maintenance management, and operational excellence. She brings over 25 years of progressive experience leading teams through their improvement journeys, connecting organizational business goals and objectives with practical actions implemented at the front line to drive business results. The author of Root Cause Analysis Made Simple, Susan has had a variety of industry roles, including director and past-president of PEMAC, chair of the PEMAC Competency Committee, and chair of World Partners in Asset Management (WPiAM). Her current role is on the Steering Committee for the Global Forum on Maintenance & Asset Management (GFMAM) Landscape revision.