The Asset Journal is the Asset Management Council’s official publication.

Commencing in 2007, this quarterly Journal continues to cover the latest asset management and maintenance topics for its members and the wider asset management and maintenance community. It contains technical articles, tutorials, informal articles about current issues in asset management, chapter news, and updates from the CEO and Chairman.

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From the Editor-in-Chief

The Asset Journal, Volume 13, Issue 2

EKrauss

The general topic of this volume of "The Asset" is one that is still vastly underestimated in value and contribution to Business. Maintenance is often not treated as a critical Business support function, although everyone knows it is important for Business. What is the place of Maintenance in an Asset Management System? If the statement in ISO 55001 holds true that an Asset creates or adds value to an Organisation, then that Asset must be kept in the condition it is able to deliver that value. That requires us to make many decisions along the path of creating such an Asset, and then of course to keep it in the condition over its life cycle to deliver its intended value.

Reliability Engineering principles provide a good start to define Asset Capability and find out about the maintenance requirements and in many instances, Vendors are sharing the typical failure modes associated with an Asset. But that alone does not provide assurances that the Asset will perform as intended. Receiving the right documentation, providing appropriate training in the use and maintenance of the asset together with maintenance strategies and tasks that prevent the failures to occur are consistent challenges faced by Asset Owners. It is also true that many operate their assets long beyond the useful and cost effective life.

And then there is the Maintenance Management System, these days often an Enterprise Resources Planning system in form of an ‘integrated’ database. Standards for Master Data and data interoperability are still part of ongoing challenges that people face and prevents true integration between Business functions.

A new way of thinking about Maintenance is necessary for all Asset Owners. New and often disruptive Technology is important to facilitate this new thinking about Maintenance. Systems integration and application of walk through Plant and Asset Computer models, Intelligent ERP systems, virtual and augmented reality applications, remote maintenance, even Blockchain and last but not least Evidence Based Maintenance create new promises but also provide new challenges on top of existing ones that still remain from the practices of the past.

We welcome new ideas in Reliability and Maintenance that can be shared through the Reliability and Maintenance Special Interest Group of the Asset Management Council. And as always, your feedback is welcome, we trust you enjoy the articles and topics discussed in this volume.

Ernst Krauss

Editor in Chief 

theasset@amcouncil.com.au 

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Volume 13, Issue 2 View Online | PDF Volume 13, Issue 1 View Online | PDF
Volume 12, Issue 4 View Online | PDF Volume 12, Issue 3 View Online | PDF
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