Asset Health Assurance

The Asset Health Standard Flow looks at two general questions that must be addressed:
                    How Much? How Well?

With regard to the often utilized P-F Curve, most “maintenance initiatives” focus on Point F and try to “manage the event’. When your focus is on Asset Health, your focus is on Point P – “early identification and elimination of the defect”. So, as soon as an inspection (though either a PM or condition monitoring) can identify that a defect is present (Point P - “Early Signal”), that asset is RED!

This early identification of the defect can enable the Proactive Workflow Model. This is in marked contrast to merely utilizing the technologies to optimize a run to failure maintenance strategy. If you have an optimized PM/condition monitoring process that is failure mode driven, that process (including inspections and follow-up work) drives 75-85% of your workflow. If you plan and schedule your work, execute the work with precision, and have a continuous improvement process – you will be a pace-setter.

It is for this reason that Asset Health needs to be a balanced score card metric, but for it to be meaningful, a standardized approach must be applied. As with any important metric in any corporation, if there isn’t a standard, the metric will approach and exceed expectations regardless of what really happens.

The Asset Health Standard Flow looks at two general questions that must be addressed, How Much? and How Well? That is, how do we know that a facility reporting Asset Health is applying the standard to a high enough percentage of their assets to be representative, and how do we know that everyone is applying the same standards, in a comparable way, and with a comparable level of rigor?

As illustrated in the Asset Health Standard Flow, there is several process steps recommended for a facility to run an Asset Health Report. But in order to do so, a minimum standard for each process must be agreed upon and met using PM/PdM Best Practices recommendations.
In an effort to maximize reliability improvements and yield a stronger Return on Asset Reliability (ROAR), Allied recommends adopting the Asset Health Standard.