Develop and justify whole of life asset strategies to deliver asset performance improvement.

Balancing risk, cost and performance is challenging in any asset intensive, dynamic operation. With cost constraints and challenges in justifying maintenance activities, the pressure of managing risk and responding to any unplanned equipment outages is very real.

 

Are you experiencing any of these problems?

  • Escalating pressure on the cost to maintain assets
  • An aging asset base yet increasing pressure on performance
  • Unexpected major outages or high unavailability
  • Difficulty in justifying maintenance budgets or asset replacement
  • Unknown risk with no link between current plans and reliability work
  • Reliability Engineers who are focused only on Root Cause Analysis

What's required is a method to implement strategic changes to drive improvement and regain control while fighting the current fires and emerging work caused by the existing environment. Our approach is to implement ridged processes that deliver rapid results that continue to drive value on an ongoing basis, ensuring that you have the best asset strategies deployed to all assets, at all times.

How ARMS Reliability Helps

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Build Reliability into Design

RAMS studies conducted in the early phases of the Front-end Engineering Design (FEED) process enables you to verify design decisions, including redundancy levels and equipment type selection, identify critical reliability issues, and assess the impact of maintenance outages on production availability and capacity.

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Improve Performance

Ensure optimal whole of life asset strategies are deployed to all your assets, identify bottlenecks, assess shutdown intervals and establish how to extend them.

Forecast expected levels of system availability and production levels, and cost / resource requirements to maintain equipment, as well as high risk areas and items.

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Manage Risk

Identify areas of risk proactively by developing insight into the disparity between what’s getting executed and approved asset strategies. Assess risk of high severity, low likelihood events and determine appropriate mitigation strategies.

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Reduce Costs

Determine asset strategies yielding the best balance of risk, cost and performance to ensure delivery of corporate objectives at minimal costs. Implement an ongoing cost, risk and performance management process.

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Increase Productivity

Utilize a structured equipment knowledge base and corporate endorsed master data standards to ensure similar equipment and maintenance activities are managed from one source to eliminate duplication, confusion, and inconsistent performance.

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Recommended Resources

The solution - delivered by ARMS Reliability - supports our business as it is designed specifically for the complexity found in asset management. It is particularly useful because it can handle the high volume of assets we manage.

Other stand-out features include its ability to provide a long-term strategic view of investment needs; its ability to optimise investment portfolios to multiple constraints; and to model multiple alternatives for each investment and the risks in our asset base.

Adam Causley, Manager Network Strategy & Risk
Essential Energy
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