The document discusses asset integrity management and how major accidents can be prevented. It outlines key principles like being holistic, systematic, risk-based, and sustainable. Major accident hazards often result from incompetency, poor design, lack of barriers or management systems, and operating outside limits. The document emphasizes establishing pillars of integrity from design through operation to maintain technical and operational integrity. This includes robust documentation, standards, management strategies, and continual improvement to avoid incidents like Piper Alpha and Deepwater Horizon.
By leveraging an automated diagnostic system that is built upon a strong reliability engineering methodology, a drilling platform can make risk-informed decisions to maintain the inherent reliability of their critical equipment using a “cost avoidance” approach that results in lower overall life cycle costs. Used as part of a daily routine, operators and maintainers have access to real-time intelligence on the integrity of critical equipment allowing them to proactively allocate the often limited maintenance resources to targeted higher risk items resulting in reduced non-productive time (NPT), improved performance, greatly increased drilling safety and decreased inspection related costs.
By leveraging an automated diagnostic system that is built upon a strong reliability engineering methodology, a drilling platform can make risk-informed decisions to maintain the inherent reliability of their critical equipment using a “cost avoidance” approach that results in lower overall life cycle costs. Used as part of a daily routine, operators and maintainers have access to real-time intelligence on the integrity of critical equipment allowing them to proactively allocate the often limited maintenance resources to targeted higher risk items resulting in reduced non-productive time (NPT), improved performance, greatly increased drilling safety and decreased inspection related costs.
Asset Integrity Management for purpose-built FPSOs and subsea system facilitiesAdvisian
Abe Nezamian discusses various aspects of ageing related to FPSOs (floating facilities for production, storage and offtake) and outlines the required procedures for maintaining structural integrity.
Implementation and application of a Process Safety Management System. This presentation will focus on the history, purpose and scope of a Process Safety Management (PSM) system. Topics covered include:
-Distinctions between personnel and process safety
-Framework and elements of PSM
-Importance of Safety Culture in the implementation and application of a PSM system
-Relevance and importance of regular audits and assessments of PSM systems
Introduction to Reliability Centered MaintenanceDibyendu De
Introduces Reliability Centered Maintenance, strategies employed, formulation of effective maintenance plan, reduction of consequences of failures and failure rate.
Energy Markets are at an inflection point: a flat global economy, pressure to grow revenue and profit, tighter regulations, and increased competition have significantly changed the way assets are operated. Internal inefficiencies, including lack of operationally relevant insight, still prevent companies from optimizing asset performance. Operators are challenged by a limited visibility into their assets’ data and often lack enhanced capabilities to quantitatively/qualitatively analyze the historical data and demonstrate value-added solutions.
In this second in a series of joint webinars on Asset Performance Management, GE Digital and Stork share the way they respond to the above challenges when it comes to Asset Reliability Management. They present a large scale case study practiced with a client active in the oil & gas industry and explain additional available solutions to the same questions.
Mike Marshall, PE (mtmarshall.llc@gmail.com) is an Oil & Gas industry consultant who has recently developed an EAM loss prevention and asset optimization software product derived from various spreadsheet-based tools (consisting of business methods, practices, KPIs, scorecards, reports, data maps/views, etc.) which were central to the actual asset performance optimization/management and process safety improvement metrics and methodologies he implemented while working for both Marathon (23 years) and Chevron (10 years).
This presentation outlines the current state of equipment performance and reliability in the pharmaceutical and biotech industries, and the opportunity to leverage new international standards such as ISO 55000 to create asset management programs that are directly connected to corporate business strategies.
Also provided is an example of how to create a business case for improving asset reliability through increasing equipment availability. Outlines of both strategic and tactical approaches for asset management and equipment reliability improvements are also included.
You want to learn how to rank your equipment based on criticality then this chapter from the "Rules of Thumb for Maintenance and Reliability Engineers Handbook.
This document will describe the structured evaluation methodology used to “Identify Critical Equipment”. Criticality Analysis identifies the assets which contribute the most asset reliability, throughput, safety, etc. Without an effective criticality analysis an organization lacks focus on what assets contribute the most to their business.
If you have questions about asset criticality analysis send an email to Ricky Smith at askrickysmith@gmail,com
A real-world introduction to PSM’s 14 Elements360factors
A number of recent incidents in various parts of the world have highlighted the increasing importance of effective Process Safety Management (PSM). This webinar presents a high-level overview of OSHA’s PSM requirements as well as real-world examples of how companies handle compliance.
Objectives
• Describe some of the major catastrophes which led to the formulation of PSM regulations.
• Introduce the 14 Elements of PSM.
• Present examples of various implementation approaches.
Checklist Asset Management for educational purposes - ISO55000Cyrus Sorab
Thank you Martine van den Boomen for this nice checklist for ISO 55000 standards
"Dear all,
For fun and sharing: a checklist that (in my view) captures the highlights of the ISO 55000-series. This instrument allows for a quick assessment for compliance to the standard. It is a great tool for communication and education. Students like it. It can guide interviews. I prepared an English version on request and it would be waste not to share it. I hope you'll enjoy it and improve it.
https://lnkd.in/gkTw-ha"
Webinar | APM Best Practices - Effectively managing the safety lifecycleStork
Effectively managing the safety lifecycle requires teamwork between multiple disciplines, departments and companies, but it shouldn’t require multiple solutions. See how you can consolidate the entire safety lifecycle into a streamlined solution ensuring risk is reduced, instrumented systems are available and compliance requirements are met. The “cradle to grave” lifecycle approach that is enabled by the APM Safety work process provides visibility across the organization to what teams are doing, and how well their doing it.
In this third webinar in a series about APM, Stork, SOCAR Turkey and GE Digital share their insights on process safety best practices, from various perspectives: the process, the solution and the culture.
When working for Petrobras at PRSI (Pasadena Refining System Inc.) I had this opportunity to share my experience as a Maintenance Manager in Brazil with PRSI operators and maintenance crew.
Maintenance is important in any organization. Without proper maintenance, assets deteriorate over time reducing the quality of your output produced. It can also impact the safety of your asset or your people who operate it. Asset management focuses on assuring your people that parts and processes are optimized to improve asset performance. Reducing inventory, maintenance costs and the number of downtime events raises your productivity, while simultaneously driving financial performance and predictability. It also helps your employees with the right tools to make good decisions about driving your plant performance.
Asset Integrity Management for purpose-built FPSOs and subsea system facilitiesAdvisian
Abe Nezamian discusses various aspects of ageing related to FPSOs (floating facilities for production, storage and offtake) and outlines the required procedures for maintaining structural integrity.
Implementation and application of a Process Safety Management System. This presentation will focus on the history, purpose and scope of a Process Safety Management (PSM) system. Topics covered include:
-Distinctions between personnel and process safety
-Framework and elements of PSM
-Importance of Safety Culture in the implementation and application of a PSM system
-Relevance and importance of regular audits and assessments of PSM systems
Introduction to Reliability Centered MaintenanceDibyendu De
Introduces Reliability Centered Maintenance, strategies employed, formulation of effective maintenance plan, reduction of consequences of failures and failure rate.
Energy Markets are at an inflection point: a flat global economy, pressure to grow revenue and profit, tighter regulations, and increased competition have significantly changed the way assets are operated. Internal inefficiencies, including lack of operationally relevant insight, still prevent companies from optimizing asset performance. Operators are challenged by a limited visibility into their assets’ data and often lack enhanced capabilities to quantitatively/qualitatively analyze the historical data and demonstrate value-added solutions.
In this second in a series of joint webinars on Asset Performance Management, GE Digital and Stork share the way they respond to the above challenges when it comes to Asset Reliability Management. They present a large scale case study practiced with a client active in the oil & gas industry and explain additional available solutions to the same questions.
Mike Marshall, PE (mtmarshall.llc@gmail.com) is an Oil & Gas industry consultant who has recently developed an EAM loss prevention and asset optimization software product derived from various spreadsheet-based tools (consisting of business methods, practices, KPIs, scorecards, reports, data maps/views, etc.) which were central to the actual asset performance optimization/management and process safety improvement metrics and methodologies he implemented while working for both Marathon (23 years) and Chevron (10 years).
This presentation outlines the current state of equipment performance and reliability in the pharmaceutical and biotech industries, and the opportunity to leverage new international standards such as ISO 55000 to create asset management programs that are directly connected to corporate business strategies.
Also provided is an example of how to create a business case for improving asset reliability through increasing equipment availability. Outlines of both strategic and tactical approaches for asset management and equipment reliability improvements are also included.
You want to learn how to rank your equipment based on criticality then this chapter from the "Rules of Thumb for Maintenance and Reliability Engineers Handbook.
This document will describe the structured evaluation methodology used to “Identify Critical Equipment”. Criticality Analysis identifies the assets which contribute the most asset reliability, throughput, safety, etc. Without an effective criticality analysis an organization lacks focus on what assets contribute the most to their business.
If you have questions about asset criticality analysis send an email to Ricky Smith at askrickysmith@gmail,com
A real-world introduction to PSM’s 14 Elements360factors
A number of recent incidents in various parts of the world have highlighted the increasing importance of effective Process Safety Management (PSM). This webinar presents a high-level overview of OSHA’s PSM requirements as well as real-world examples of how companies handle compliance.
Objectives
• Describe some of the major catastrophes which led to the formulation of PSM regulations.
• Introduce the 14 Elements of PSM.
• Present examples of various implementation approaches.
Checklist Asset Management for educational purposes - ISO55000Cyrus Sorab
Thank you Martine van den Boomen for this nice checklist for ISO 55000 standards
"Dear all,
For fun and sharing: a checklist that (in my view) captures the highlights of the ISO 55000-series. This instrument allows for a quick assessment for compliance to the standard. It is a great tool for communication and education. Students like it. It can guide interviews. I prepared an English version on request and it would be waste not to share it. I hope you'll enjoy it and improve it.
https://lnkd.in/gkTw-ha"
Webinar | APM Best Practices - Effectively managing the safety lifecycleStork
Effectively managing the safety lifecycle requires teamwork between multiple disciplines, departments and companies, but it shouldn’t require multiple solutions. See how you can consolidate the entire safety lifecycle into a streamlined solution ensuring risk is reduced, instrumented systems are available and compliance requirements are met. The “cradle to grave” lifecycle approach that is enabled by the APM Safety work process provides visibility across the organization to what teams are doing, and how well their doing it.
In this third webinar in a series about APM, Stork, SOCAR Turkey and GE Digital share their insights on process safety best practices, from various perspectives: the process, the solution and the culture.
When working for Petrobras at PRSI (Pasadena Refining System Inc.) I had this opportunity to share my experience as a Maintenance Manager in Brazil with PRSI operators and maintenance crew.
Maintenance is important in any organization. Without proper maintenance, assets deteriorate over time reducing the quality of your output produced. It can also impact the safety of your asset or your people who operate it. Asset management focuses on assuring your people that parts and processes are optimized to improve asset performance. Reducing inventory, maintenance costs and the number of downtime events raises your productivity, while simultaneously driving financial performance and predictability. It also helps your employees with the right tools to make good decisions about driving your plant performance.
Guido van den Belt (Head of Management Services Germany, OutSmart GmbH) presented a case study Building Your ISO 55000 Asset Management Quickly at the Asset Management for Power Utilities Conference in Prague on 23rd February 2016. He focused on the advantages of ISO 55000 for wind energy assets and how to create a world-class asset management system.
A holistic approach to Safety and Asset Integrity ExcellenceKienbaum Consultants
People and machines jointly create composite risk, which can be understood and mitigated through prescriptive analytics, moving operations from risk avoidance to value creation.
Safety & Quality Aspects in '3-S' System of ConstructionSandeep Jain
‘3-S’ system is the brand name of prefab building construction system fully developed and perfected by B.G. Shirke Construction Technology Pvt. Ltd. After years of strenuous R&D supplemented by extensive field trials. ‘3-S’ PREFAB components are erected, aligned and connected; on site using SCC i.e. Self-Compacting Concrete of M30 grade screeding along with secured embedded reinforcement.
The things that we tried to know through this project include-
• Understanding the 3-S system of construction.
• How it has improved the safety and quality of construction?
• What are the loopholes of this method pertaining to safety and quality control?
We started with the study of Quality, Environment, Health& Safety policy of the company. Knowing the basics of the 3-S system of construction we went ahead with the 4-stage process consisting of manufacturing of components, storage and curing, transit to site & erection and assembly.
In manufacturing of various components like shear walls, beams, columns, slabs, staircase etc., other than the manufacturing techniques of 3-S system we focused on its safety and quality parameter. After the manufacturing bay we went to the storage & curing yard with a view to understand the safe storage practices and then moved ahead to get an understanding of safety in transit of cured components fromyard to the erection site. And last but not the least we learned the safe erecting practices and quality control while erection and assembling the components at site. The topics covered are:
• Safety management in:
Manufacturing& storage phase
Transit
Erection phase and
Personnel safety
• Quality assurance in:
Manufacturing and
Erection phase.
After knowing this technology we now tried to compare the pros and cons over the conventional system of construction.
Pros:
1. Considerable reduction in time of Construction
2. Controlled work environment
3. Improved quality control and safe
4. Mass production process
Cons:
1. Can only be used for repetitive units
2. Improper joint may cause leakages
3. Accumulation of stresses
4. Requirement of skilled labor in erection
5. High initial capital investment
RiskWatch for Financial Institutions™ creates a comprehensive compliance risk assessment (the required self-assessment) to match the FFIEC guidelines: IT, FFIEC, Information Technology (IT) Examination Handbook, RED FLAG, GLBA and more. The software includes the risk assessment compliance template, including role-based compliance questions, directly based on requirements, as well as web-based survey programs, and a complete written report, augmented by working papers that explain how each element was generated.
FINISH YOUR RED FLAG ASSESSMENT with Easy to Use, Affordable Software. It includes complete assessment versions for GLBA (Gramm Leach Bliley), the Red Flag Identity Theft Standard and Bank Secrecy Act (BSA) assessment standards. Sarbanes Oxley (SOX) is also available upon request. Web-based or server-based online questionnaires make it easy to gather role-based data, and generate management reports with working papers and complete audit trails.
The only fully standardized way to meet the new Red Flag and risk assessment requirements, RiskWatch for Financial Institutions is used by banks, insurance companies, trusts and savings banks other technical service providers such as payment processors.
Part -1 Chapter 35 ERM at Malaysia’s Media Company Astro Qui.docxkarlhennesey
Part -1
Chapter 35: ERM at Malaysia’s Media Company Astro: Quickly Implementing ERM and Using It to Assess the Risk-Adjusted Performance of a Portfolio of Acquired Foreign Companies.
1. Identify some reasons why risk management practices might not take off and/or be embedded effectively in an investee company.
2. Who should participate in the ERM process to ensure successful implementation of this ongoing program?
3. What should the CEO’s role be for the successful implementation and ongoing performance of an ERM process?
250 to 300 words
Part -2 Comments:- for 2 discussion below
RE: Chapter 35: ERM at Malaysia’s Media Company Astro
COLLAPSE
Top of Form
1. Identify some reasons why risk management practices might not take off and/or be embedded effectively in an investee company.
Organizations implements and embedded ERM at their firms based on many factors such as risk analysis, goals and previous issues faced. Many firms invest in other companies (investee companies) to gain profits or advantages. When investing companies implements or embedded same ERM in investee companies it might not work because the investee company requirements might be different even it might be from different sector. The ERM implemented at investee companies also depends on investee company previous history, decisions made, investee company reputation in the market, risks which are not fully identified by investing company or no full cooperation from investee company people. Many incidents shows full its is highly impossible to conduct full risk review on investee company before acquisition which means the investing company don’t know full risks involved with investee company and ERM implemented without full risk analysis will lead to disasters.
2. Who should participate in the ERM process to ensure successful implementation of this ongoing program?
The most important people while implementing ERM at ASTRO are CEO, CFO, board of directors and its audit committee.
3. What should the CEO’s role be for the successful implementation and ongoing performance of an ERM process?
At ASTRO the CEO and CFO are accountable to board of directors for implementing strategies, procedures and policies for designing effective ERM program.
The CEO should participate in meetings with vice president of enterprise risk management (VPERM) explain current situations and risks levels for monitoring risks management at high level (Fraser, J. R. S., Narvaez, K., & Simkins, B. J., 2015).
Thank you
References
Fraser, J. R. S., Narvaez, K., & Simkins, B. J. (2015). Implementing enterprise risk management: Case studies and best practices. Hoboken, N.J: Wiley.
Bottom of Form
RE: Chapter 35: ERM at Malaysia’s Media Company Astro
COLLAPSE
Top of Form
1. Identify some reasons why risk management practices might not take off and/or be embedded effectively in an investee company.
Following are some the reason that can be considered.
· Risk management methodology approach and objective ...
3. Incompetency
Inappropriate Design
No Identification of Barriers
Absence of Process and Safety Management
Absence of Integrity Management Strategy
Absence of MOC process
Operation outside the limits
Absence of Reporting, Communication and Information Management
4. Asset Management
Systematic and Synchronized activities through which
organizations manage their assets optimal and sustainable over
their life cycle to accomplish organizations strategic plans
Asset Integrity Management
To manage the integrity over the life cycle of an asset.
Asset Integrity
Ability of an asset to perform its function effectively and
efficiently though protection the health, safety and
environment.
5. PRINCIPLES AND ATTRIBUTES OF ASSET MANAGEMENT
Attributes Description
HOLISTIC Emphasizing the functional relation
among all departments of organization
SYSTEMATIC characterized the asset management in
an organized, consistent and planned
manner
SYSTEMIC Affecting the whole system rather than
optimizing individual asset separately
RISK – BASED: Prioritize the assets with respect to risk
(health and safety, environment and cost)
SUSTAINABLE Capable of being maintained over the life
cycle without Loss of containment
OPTIMAL Best value of asset under limits of
performance, cost and risk with relative
to other assets
INTEGRATED Interlinking of above attributes to
achieve successful Asset Management
6. KEY ELEMENTS OF ASSET INTEGRITY MANAGEMENT
Integrity Management System as per DNV RP 116
7. Concept
Selection /
Design
DecommissioningOperation
Hook – up
Installation/
Commissioning
Procurement /
Manufacturing / Construction
Integrity Management is a function of Entire Life Cycle
Maintain IntegrityDesign
Integrity
Technical Integrity
PHASES AND STAGES OF ASSET INTEGRITY MANAGEMENT
There are three phases of integrity management
1. Design Integrity
2. Technical Integrity
3. Maintain Integrity
1. Design
2. Procurement/Construction/Manufacturing /
Installation / Hook – up
3. Commissioning
4. Operation
5. Modification
6. Decommissioning
There are six stages of integrity management
Modification
8.
9. DESIGN INTEGRITY
ESTABBLISHMENT OF PILLARS TO AVOID
MAJOR ACCIDENT HAZARDS
Poor material selection, Inadequate Competency, Absence of Safety Studies are the key factors for
Major Accident Hazards and cause threat to Health, Safety and Environment. These can be avoid to
invest money in the design stage to established an Asset Management System which ensures the
facility will be capable to handle any major accident hazard which will not only protect the health
and safety of the personnel's but also control environment and business risk over the life cycle of an
asset. Key documentation are necessary to established the integrity are:.
Material Selection (ISO 15156; NORSOK D-001; EEMUA 194, Group Practices etc.)
Corrosion Prediction for their asset life (Multicorp, ECE, Casandra etc.)
Risk Management (Risk Assessment, Risk Management, Risk Acceptance and
Risk Communication)
Conducting HAZOP, PHA, PSM, LOPA, SIMOPS
Developing Safety Case (To make sure facility is enough capacity to handle
Major Accident Hazard)
Identification of SCEs (Safety Critical Elements), BCEs (Business Critical
Elements) and ICE (Integrity Critical Elements)
Integrity Management Strategy (Topside, Controls & Umbilical, Subsea
Equipment, Pipelines, Riser, Corrosion, Flow Assurance, follow up with Integrity
Management Plan)
Robust MOC process
10. TECHNICAL INTEGRITY
Manufacturing of Pressure and Non-Pressure equipment as per code and standards
Construction of the facilities as per Code and Standards
Robust QA / QC during Construction, Hook-up / Installation
Third party inspection and verification
Documentation of Anomaly Register and communicated to Operation
Ensure performance standards to make sure it conforms the design intent
Robust MOC process
ESTABBLISHMENT OF PILLARS TO AVOID
MAJOR ACCIDENT HAZARDS
Incompetency, poor methods of manufacturing and installations, lack of communication for
anomalies among the engineering departments and avoidance of third party verification are the
high probable factors for damages at the infant stage of operational asset life which leads to Major
Accident Hazards which can be controlled by:
11. OPERATIONAL INTEGRITY
Implementation of Integrity Management Strategy (Implementation of RBI, RCM, IPF and
Corrosion Management to manage the integrity and reliability of assets)
Adherence to Integrity Operating Windows
Audit and Review process
Continual Improvements and Lesson Learnt
Enhancement of Personnel competency and skills
Robust MOC process
MAINTANED PILLARS TO AVOID MAJOR
ACCIDENT HAZARDS
Incompetency, Absence of integrity management strategy, lack of communication among
departments , Absence of SMS (Safety Management System) and Non-conformance of operational
procedures are the major causes which leads to Major Accident Hazards which can be prevent
during operational life stage by:
PLAN
DO
CHECK
ACT
12. CONCLUSION
Organization can prevent the Piper Alpha and Deep-water Horizon GoM by establishing
and maintaining the integrity over life cycle of an asset with Organization Commitment,
Organizational Strategic Plans and Robust Asset Management System.
13. PAS 55 – 1: 2008, Asset Management, Specification for the optimized
management of physical assets
PAS 55 – 2: 2008, Asset Management, Guidelines for the application of PAS 55 - 1
DNV RP F – 116, Integrity Management of Submarine Pipeline System
Asset Integrity Toolkit, UKOOA
OGP Asset Integrity – the key to managing major accident risks
Overview of Asset Integrity Management, Robert Gordon University Document
Presentation by John Reynolds, Establishing IOWs, Shell Global Solutions, IPEIA
Conference February 2, 2006, Banff, Alberta
Presentation by Racehl Horne, BP, Integrity Management, Project Awareness and
Basic Application, Angola Development Program
Slide Images:
1. http://www.bbc.co.uk/news/uk-scotland-22840445
2. http://www.growthaccelerator.com/wp-content/uploads/2013/03/Winning.jpg
3. http://www.chanhassenfitnessrevolution.com/wp-content/uploads/2012/07/6-Steps-to-
Success-Chanhassen-Fitness-Revolution.jpg
4. http://www.alstern-technologies.com/main_images/PLANT_2.jpg
5. http://www.seaphantom.com/images2/Offshore_platform_in_night.jpg
6. http://www.offshore-technology.com/projects/8133/images/199971/large/1l-image.jpg
7. http://static.guim.co.uk/sys-
images/Business/Pix/pictures/2010/10/19/1287476298203/Deepwater-Horizon-006.jpg
8. http://www.genesisoilandgas.com/Pages/default.aspx
REFERENCES