Strategies to Achieve Smart Asset Performance @ ARC's 2011 Industry Forum by Wil Chin. APM Solutions Leverage Informationto Optimize Asset Availability and UtilizationWhile Balancing Operational Constraintsto Improve FinancialResults

1. Strategies to Achieve
Smart Asset Performance
Wil Chin
Research Director
ARC Advisory Group
wchin@ARCweb.com

2. 2
© ARC Advisory Group
What is Smart Asset Performance?
-Asset Performance Management
Financial
Environ-
ment
HealthSafety
Critical
Issues
APM Solutions Leverage Information to Optimize
Asset Availability and Utilization While Balancing
Operational Constraints to Improve Financial Results
Utilization
Availability

3. 3
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Asset Lifecycle Management Processes
Project
Performance
Management
(PPM)
Asset
Performance
Management
(APM)
Asset & Project
Portfolio
Management
(APPM)
Handover
Modification
RequestsFunded
Projects
New
Facility
Requests

4. 4
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Sustainability Stewardship
Asset Performance Optimization
(Financial & Production Based KPIs)
Manage Critical
Issues and
Operational
Constraints
(Industry Specific)
Improve
Asset
Utilization
Operations
Improve
Asset
Availability
Maintenance
Strategic Objectives of APM
Asset Information

5. 5
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How do you deploy an APM Strategy?
•View, Decide
•Apply, Measure, Improve
Act
•Modeling & Simulation
•Un-complicate Data,
Contextual Information
Analyze
•Rationalize, Scrub Data
•Integrate Information
Acquire
•Audit
•Strategy, Plan
Objectives

6. 6
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APM Requires Collaborative Solutions
Automation and Business Solutions
Must Seamlessly Work Together
Reliability
Risk/Safety
Historian
EAM/
CMMS
Mobile
GIS
Inventory
Simulation
Analytics
ERP
PAM
CM
CO2
Energy
Mgmt
MES
APM

7. 7
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What are the Functional Benefits of APM?
Reduce Unplanned Shutdown
Increase Productivity
Increase Asset Reliability
Improve Safety
Improve Asset Integrity
Extend Asset Life
Improve Overall Asset Performance

8. 8
© ARC Advisory Group
APM Information Improves…
Workforce Efficiency
Procurement Efficiency
Inventory Management
Maintenance Strategy
Management of Asset Lifecycle
Plant Operations
Business Results

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© ARC Advisory Group
Thank You.
For more information, contact the author at
wchin@arcweb.com or visit our web pages at
www.arcweb.com