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...
3
© ARC Advisory Group
Asset Lifecycle Management Processes
Project
Performance
Management
(PPM)
Asset
Performance
Managem...
4
© ARC Advisory Group
Sustainability Stewardship
Asset Performance Optimization
(Financial & Production Based KPIs)
Manag...
5
© ARC Advisory Group
How do you deploy an APM Strategy?
•View, Decide
•Apply, Measure, Improve
Act
•Modeling & Simulatio...
6
© ARC Advisory Group
APM Requires Collaborative Solutions
Automation and Business Solutions
Must Seamlessly Work Togethe...
7
© ARC Advisory Group
What are the Functional Benefits of APM?
Reduce Unplanned Shutdown
Increase Productivity
Increase A...
8
© ARC Advisory Group
APM Information Improves…
Workforce Efficiency
Procurement Efficiency
Inventory Management
Maintena...
9
© ARC Advisory Group
Thank You.
For more information, contact the author at
wchin@arcweb.com or visit our web pages at
w...
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Strategies to Achieve Smart Asset Performance @ ARC's 2011 Industry Forum

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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

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

  1. 1. Strategies to Achieve Smart Asset Performance Wil Chin Research Director ARC Advisory Group wchin@ARCweb.com
  2. 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. 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. 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. 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. 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. 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. 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. 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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