Asset Management

Scenic Acoustic and Vibration Engineering Ltd (SAVE) support companies with their Asset Management by providing Criticality Reviews, RCA, RCM and Bad Actor investigations, providing impartial advice on the best Maintenance Strategy that fulfils a company’s goals, whether it be PRM, CBM, PdM, PM, RTF or a mixture of some or all of these.

Asset Management refers to systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill and/or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks and performance attributes).

The International Standard, ISO 55000, provides an introduction and requirements specification for a management system for asset management.

In general Maintenance Strategies comprise a selection of the following:

• PRM (Proactive Reliability Maintenance) – taking CBM to the next level by investigating failures and their causes, RCA, to improve Reliability…
• CBM (Condition Based Maintenance) – Where maintenance is performed depending solely upon the condition of the asset, determined by the use of Condition Monitoring…
• PdM (Predictive Maintenance) – Whereby Condition Monitoring is used to determine and plan maintenance tasks depending upon the current condition of the asset…
• PM (Preventive Maintenance) – Whereby pre-defined maintenance tasks are performed on a time base to prevent failures…
• RTF (Run To Failure) – As it says, an asset is replaced once it has failed…

The following Services are supplied by SAVE:

• Criticality Review – assessing each individual asset and categorising it’s importance…
• RCA (Root Cause Analysis) – investigating an incident and determining the ‘True’ cause of it…
• MTBE (Mean Time Between Exception) Review – Looking at the time between issues of an asset…
• Bad Actor Review – Highlighting assets that are not performing as well as could be expected and determining why, RCA, …
• RCM (Reliability Centred Maintenance) – The use of statistical information on an asset, it’s failure modes and rates to determine the optimal maintenance strategy…
• LCM (Life Cycle Management) – optimising an asset throughout it’s life from ‘conception to grave’…