Aligning

ndtcorner.com

Eng. AHMED El SHERIF Asset Management STRATEGIES

with Turnaround Planning
Asset Management & Reliability Consultant
Rotating Equipment Department Head.
CMRP, CRL, CAMA, BMI
AMOC Co.

Asset management and turnaround planning Asset Criticality Assessment: Conduct a

are two critical components of any successful thorough assessment of asset criticality to
business operation. However, many identify key equipment and components that
companies struggle to effectively align these have a significant impact on production,
two strategies, leading to inefficiencies, safety, and environmental performance.
increased costs, and missed opportunities Understanding the criticality of assets helps
for improvement. prioritize maintenance activities during
turnarounds.
In this article, we will explore the importance
of aligning asset management strategies with Data-Driven Decision Making: Utilize
turnaround planning and provide practical
asset performance data, reliability analytics,
tips for achieving this alignment.
and historical maintenance records to inform
turnaround planning. Data-driven decision-
By integrating these two essential
making ensures that maintenance activities
processes, organizations can optimize their
are targeted towards addressing the most
resources, improve operational performance,
critical reliability issues and optimizing the
and ultimately drive greater value for their
life cycle of assets.
stakeholders.

Risk-Based Prioritization: Apply risk-

We will delve into the key considerations
based methodologies to prioritize
for integrating asset management and
maintenance tasks and inspections during
turnaround planning, including the role of
turnarounds. By focusing on high-risk assets
data-driven decision-making, cross-
and failure modes, organizations can allocate
functional collaboration, and the
resources effectively and mitigate potential
implementation of technology solutions.
reliability concerns.
Additionally, by understanding the
synergies between asset management and Integrated Asset Management Systems:
turnaround planning, businesses can Implement integrated asset management
proactively manage their assets, minimize systems that capture asset performance data,
downtime, and enhance their overall maintenance history, and reliability
competitiveness in the market. information. A comprehensive asset
management system facilitates informed
Join us as we explore the critical link decision-making and ensures that
between asset management and turnaround maintenance activities are aligned with asset
planning and uncover the potential for management strategies.
driving sustainable business success.

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CONTINUE Aligning Asset Management STRATEGIES with Turnaround Planning

Cross-Functional Collaboration: Foster In conclusion, the alignment of asset

collaboration between asset management,
management strategies with turnaround
maintenance, reliability, and turnaround
planning is a critical factor in driving
planning teams. Effective communication
operational efficiency and financial
and collaboration between these functions
performance, particularly in industries such
ensure that maintenance activities are
as oil and gas. Companies have
aligned with asset management goals and
demonstrated the tangible benefits of
turnaround objectives.
integrating these two essential processes,
leveraging advanced technologies and
Proactive Maintenance Strategies: proactive maintenance practices to optimize
Develop proactive maintenance strategies asset performance and minimize downtime
that focus on preventive and predictive during planned turnarounds.
maintenance techniques to address potential
reliability issues before they escalate. By understanding the synergies
Proactive maintenance can extend the life between asset management and turnaround
cycle of critical assets and minimize the need planning, businesses can proactively manage
for reactive interventions during their assets, minimize downtime, and
turnarounds. enhance their overall competitiveness in the
market. As organizations continue to
Asset Performance Monitoring: prioritize operational excellence and cost-
Implement real-time condition monitoring effective asset management, the successful
and performance tracking systems to alignment of these strategies will remain a
continuously assess the health and key differentiator in driving sustainable
performance of critical assets. Monitoring business success.
asset performance allows for early detection
of potential issues and facilitates targeted Ultimately, the integration of asset
maintenance interventions during
management and turnaround planning
turnarounds.
represents a strategic imperative for
organizations seeking to maximize the value
Continuous Improvement Culture: of their assets, improve operational
Foster a culture of continuous improvement efficiency, and achieve long-term success in
by capturing lessons learned from past their respective industries.
turnarounds and maintenance activities.
Applying these insights to refine asset By embracing this alignment and learning
management strategies and maintenance from the successes of industry leaders,
practices contributes to extending the life businesses can position themselves for
cycle of critical assets. sustained growth and resilience in an
increasingly competitive global marketplace.
Reliability-Centered Turnaround
Planning: Integrate reliability engineering As the landscape of asset management and
principles into the turnaround planning turnaround planning continues to evolve ,
process, ensuring that maintenance activities the imperative for integration will only
are aligned with asset management become more pronounced, making it
strategies. Reliability- centered planning essential for organizations to prioritize this
optimizes maintenance efforts and supports alignment as a cornerstone of their
the long-term reliability of critical assets. operational strategy.

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