EA Technology Limited 2012

Asset management
Workshop
EA Technology Limited 2012
Topics
1. Risk-based investment decisions
2. PAS 55 self-assessment
EA Technology Limited 2012
Risk-based investment decisions
Which is the right maintenance strategy?
Time-based
Predictable
Effective?
Efficient?
Condition-based
Efficient
Effective?
Predictable?
Change-based
Effective
Efficient?
Predictable?
EA Technology Limited 2012
Risk-based investment decisions
Compare using estimates of risk
Risk = Probability x Consequences
Time-based
Predictable
Effective?
Efficient?
Condition-based
Efficient
Effective?
Predictable?
Change-based
Effective
Efficient?
Predictable?
EA Technology Limited 2012
Worked example
EA Technology Limited 2012
Break
EA Technology Limited 2012
Self-assessment
PAS 55
Business
drivers
Performance
review
Condition-
based risk
management
Life cycles
Policy
Strategy
Objectives
Plans
Structure
Authority
Training
Competence
Outsourcing
Communication
Documentation
Information
Risk
Change
Tools
B
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Enablers
I
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Tools
C
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PAS 55
Legal
EA Technology Limited 2012
Self-assessment
PAS 55
1. 4.3.2 Asset management objectives
2. 4.3.3 Asset management plans
3. 4.4.2 Outsourcing
4. 4.4.3 Training, awareness & competence
5. 4.4.6 Information management
EA Technology Limited 2012
Team exercise