1.1 Risc Inventory and Analysis
In order to manage your asset to a minimum standard a number of actions must be executed. Asset management actions can be divided into four different categories.
These are Asset Data, Risk Analysis, Input in EAM-systems and Evaluation of the expected results.
If there is need to measure these actions by means of an KPI, a clear description must be stated for these actions.
Asset Data
- Check if the latest version of the P&ID’s (Piping and Instrumentation Diagram) are in the right place in the document information system.
- Determine the right standardised tree-structure to be used in all systems
- Check the technical and software documents on accuracy and integrity
Risk analysis
- Determine together with the responsible asset owner, the operations manager and the maintenance manager the level of acceptance for all company goals. (acceptation matrix mentioned in chapter 3.1.
- Put together a FMECA team and perform a risk analysis.
- Determine the critical components
- Determine the spare parts
Input in EAM-system
- Determine the maintenance activities on the critical and non-critical plans
- Discuss the maintenance activities with the service provider
- Put the maintenance activities in the enterprise asset management system.
Evaluate
- Perform a regular check on asset data, risk analysis and input in EAM systems.
If these actions are well executed by the right responsible process owners they can be put into a matrix and progress and quality can be measured.
When the different actions to be taken are put in a horizontal axis of a matrix, a clear picture arises of the actions to be taken. When the different assets or plants are put in the vertical axis, a clear picture arises and a number can be put on this KPI.
If a 5-year evaluation cycle is taken as the input for the key performance indicator “Risk Inventory and Analysis” a number can be put on the quality an progress.
The matrix would look as follows:
Fig. 5.1, Risk Inventory and Analysis Matrix
If all scheduled dates are filled in the performance can be measured.
With an interval of 5 years and a number of 35 different plants the matrix would look as shown in appendix V.
This KPI is measured in a percentage and tells us which assets are due for evaluation of the company goals.