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Simplifying RCM to Achieve Value with a Risk-Based Asset Management Methodology

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Content Description
Original date: 
Thursday, September 22, 2016

Risk-Based Asset Management is a strategic management approach to physical assets that leverages an enabling technology such as SAP Plant Maintenance coupled with risk and failure based controls. This approach ensures optimum asset care to drive increased availability that creates value, resulting in higher profits. Today, increasing asset utilization and decreasing total cost of ownership are standard corporate objectives. Organizations must optimize asset performance to survive tough business conditions. The focus on continuous improvement and lean events to increase OEE, improve availability and reduce life cycle costs is now common place - but this approach doesn't go far enough. Faced with the lack of technically qualified people, an aging work force, and shrinking margins, organizations must consider risk when applying resources to asset management. This presentation will describe the process of cataloging physical assets by hierarchy, criticality and risk. Participants will receive an overview of risk and failure analysis and their linkage to controls, and discover how some common reliability analysis techniques can used to ensure continuous improvement.

BoK Content Source: 
MainTrain 2016
BoK Content Type: 
Presentation Slides
Presentation Paper
Asset Management Framework Subject: 
03 Lifecycle Delivery, 3.05 Maintenance Delivery, 06 Risk and Review, 6.01 Risk Assessment & Management
Maintenance Management Framework Subject: 
04 Tools and Tactics, 4.1 Reliability Centered Maint.
Author Title: 
Managing Principal
Author Employer: 
Life Cycle Engineering (LCE)
Author Bio: 

Bruce Wesner has over 30 years of maintenance, engineering and management experience. Bruce holds Associate and Bachelor degrees in Engineering from Ball State University in Muncie, IN. He is a strong business leader with extensive senior management experience with world class companies in: HVAC (OEM products), heavy steel fabrication (Tier 1 supplier), tubular steel fabrication (high volume OEM production), high tolerance machining, mining, pharmaceuticals, food, chemical operations and building products. As a Certified Reliability Leader (CRL), Bruce's strength is driving improvements through lean and reliability-based initiatives. Certified by Prosci as a Change Management Leader, Bruce is very adept at applying change management principles to create successful client outcomes. Bruce currently is active as an Executive Board Member of The Canadian Institute of Mining, Metallurgy and Petroleum (CIM). He is also a member of The Society for Mining, Metallurgy and Exploration Inc. (SME) and active on The Global Mining Standards and Guidelines Group (GMSG). His expertise includes leading change and mentoring tactically and strategically to achieve results in multi-shift/multi-disciplinary operations.