Asset Management Practices, Investments and Challenges

Transcription

1 Research Report on Asset Management Practices, Investments and Challenges

2 Reliabilityweb.com subscribes to the concept of fair use of this copyrighted information. If text, images and/or data is excerpted, please use the following attribution: Source: Reliabilityweb.com Research Report on Asset Management Practices, Investments and Challenges You are free to copy, distribute, display and perform the information contained in this report under the following conditions: Attribution: You must give Reliabilityweb.com credit by listing it as the copyright owner and adding a web link (URL) to Noncommercial: You may not use this work as part of a commercial product or service that will be resold. No Derivative Works: You may not alter, transform, or build upon this guide. Any Reuse or Distribution: You must make clear to others the license terms of this guide. Note: Throughout this report, the term ISO55000 is used for consistency however the reader should be aware that ISO has published a series of three documents designed to be utilized in concert. Only ISO5501: 2014 has requirements that can be met. The series includes: ISO55000: 2014 Asset Management- Overview, principles and terminology ISO5501: 2014 Asset Management- Management systems - Requirements ISO5502: 2014 Asset Management systems - Guidelines for the application of ISO5501 Any of these conditions can be waived if you get permission from the copyright holder. Your fair use and other rights are in no way affected by the above. Reliabilityweb.com reviews this document from time to time, at which time it may be reaffirmed, revised, or canceled. Reliabilityweb.com invites your written comments and suggestions. Comments, criticisms and suggestions are invited year-round by sending an to: [email protected] QUESTIONS REGARDING THIS DOCUMENT: PHONE: (888) ; FAX: (309) POSTAL: Reliabilityweb.com, PO Box 60075, Fort Myers, FL 33906, USA WEB ADDRESS: [email protected]

3 26% What Industry Do You Represent? Values % 11% 9% 7% 8% 10% 5% 5% 4% 5% 3% 50 Mining Electric Power Generation Electric Transmission and Distribution Oil & Gas Metals Food and Beverage Water/ Wastewater Other Manufacturing Biotech/Pharmaceutical Government/Public Sector Transportation/ Port Authority Other (please specify) 25 30% 36% 31% O 3% 6% Lead Asset Management Individual Contributor to Asset Management Other Support to Asset Management Not Involved Asset Management

4 How Many People Are In Your Organization? 22% 17% 9% 33% 15% Under ,000-9,999 10,000-99,999 Over 100,000 4%

5 Where Are You Located? 20% 16% 14% 9% 7% 7% 8% 4% 6% 4% 2% 1% 2% Global/Multiple Countries United States Canada Mexico South/ Central America Australia/ New Zealand United Kingdom Europe China/ Asia Russia India Middle East Africa

6 Asset Management and Risk Management Standards 31% Well Versed 31.19% Please Describe Your Awareness of the I am well versed in the contents ISO55000 I am aware they exist but not familiar of the contents I am not aware of ISO55000 Asset Management Standards 10% Not Aware 53.70% 54% Aware they Exist but not Familiar with the Content Please Describe Your Awareness of the I am well versed in the contents ISO31000 I am aware it exists but not familiar of the contents I am not aware of ISO31000 Risk Management Standard 14% 13.83% Well Versed 58.74% 59% Aware they Exist but not Familiar with the Content % Not Aware

7 Your Managing System Framework % 51% 38% 38% 42% 42% % 9.00% O O ISO9001 ISO14001 ISO9001 ISO14001 No ISO certification No ISO certification Other ISO certification Other ISO certification

8 vs. Long-Term Goals Short-Term Goals Asset Information (Data) Management Systems Asset Management Consulting Services Business Intelligence, Analytics and Reporting Asset Performance Measures and Metrics Asset Reliability Improvements Risk Management and Risk Assessment Asset Condition Assessment Tools Asset Lifecycle Costing/Lifecycle Modeling ISO55000 Compliance or Certification Asset Investment Planning Computerized Maintenance Management Systems (CMMS)/ Enterprise Asset Management (EAM) Reliability Centered Maintenance Wireless or Remote Sensing Technologies Change Management Data Quality Improvements Asset Management Training % % 34% 29% 40% 43% 38% 37% 36% 33% 26% 27% 35% 22% 25% 28% 41% 22% 20% 23% 17% 26% 39% 43% 37% 37% 31% 26% 31% 34% 43% 43%

9 Are You Planning to Conduct an ISO55000 Asset Management Gap Assessment? 50 43% 25 22% 28% 7% O Already Completed Over the next 12 months Over the next 1-5 years Not Planning

10 Please Indicate Your Plans Regarding Asset Management Benchmarking % 21% 31% 33% O Have Already Completed Asset Management Benchmarking Asset Management Benchmarking is in Process Plan to Conduct within 12 Months No Plans to Conduct Asset Management Benchmarking

11 Asset Information Management and 11% 11% Plans to Improve It 63% Describe Your Asset Information Management System 7% 7% 63% 19% I am not sure what asset information Does not support any of our asset m It supports some aspects of asset m It fully supports effective asset man 19% I am not sure what asset information management is Does not support any of our asset management strategies and plans It supports some aspects of asset management but has gaps for other aspects It fully supports effective asset management I am not sure what asset informati Does not support any of our asset It supports some aspects of asset It fully supports effective asset ma

12 Top Three Plans to Improve Implement asset condition information management Implement data analytics Integrate Capex and Opex project and information management systems 0 33% 32% 31%

13 What Is the Biggest Obstacle for Improving Asset Performance? 50 40% 25% 25 16% 12% 8% O Cost/ Funding Priorities Executive Support Capabilities Organizational Culture

14 Top Five Benefits You Expect From Asset Management Lifecycle Cost Reduction 68% Identifying and Managing Risk 66% Extracting Data to Support Evidence-Based Asset Management Decisions 58% Determining the Optimum Maintenance Approaches for Assets 57% Changing Company Culture 52%

15 Does Your Organization Have Plans to Outsource Any Part of Your Asset Management Program? 29% 71% Yes No 29% 71%

16 Plans for Asset Management Policy and Strategic Asset Management Plan 38% 40% 40% 22% Are You Planning to Create an Asset Management Policy? Already have asset management policy Plan to implement within 12 months No plans to implement Already have asset management policy Plan to implement within 12 months No plans to implement Already have an asset management policy Plan to implement within 12 months No plans to implement 38% 22%

17 Already have an asset management plan Are You Planning to Develop a Strategic Plan to implement within 12 months Asset Management Plan? No plans to implement Already have an asset management plan 23% Plan to implement within 12 months No plans to implement 44% 33% 23% 44% 33%

18 Factors Use in Your Organization When Considering Asset Management Improvements 90% 90% 50 63% 63% 54% 54% 25 O Achieving Environmental Goals Achieving Social Responsibility Goals Achieving Economic Goals

19 Why Do You Have Interest in Asset 100 Management? 75 Aging Assets/ Infrastructure 77% Understand Consequences of Asset Failures Increase Asset Service Levels at Lower Cost Meet Regulatory Requirements 61% 60% 66% 50 54% 46% 50% 44% 25 Other 7% O Increase System Reliability Transfer Knowledge Improve Budget Forecast Improve Financial Results of Aging Workforce

20 What 100 is the Furthest Detailed Planning Horizon for Your Organizations Asset 75 Management? 50 40% 40% 33% 33% 25 6% 12% 12% 9% 9% O 1-4 years 5-10 years 11-15years More than 15 years No Plan

21 Indicate Your Use of Asset Management Program Performance Metrics Asset Failure Metrics Maintenance Cost Metrics 57% 60% Asset Service-Level Metrics 25% Unit Cost Metrics 36% Availability Rates 53% Reliability Rates 46% None of the Above Do Not Track Asset Performance 6% 10% Other 0 4% Values

22 Guidance, Insight and Support for this Research Report Provided by: Additional Support and Research Insight Provided by: