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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