How to implement Knowledge Management in Asset Management
In her ambition to create value from their assets Asset Owners often struggle with managing their critical knowledge. In times of an ageing workforce and (technical) personnel shortage this issue is moving more and more towards the strategic Asset Management agenda.
The Long-Term Asset Replacement Plan – What is it and what is it used for?
Insufficient control over capex? Unexpected major expenses? The sentence: “that will definitely last another 10 years?” These are all good reasons to consider preparing a Long-Term Asset Replacement Plan (LTARP).
Continuous Improvement in performance contracts
Where maintenance is concerned, the urge to achieve Continuous Improvement and learn from mistakes is vital: economically, technically and from the point of view of competition.
The importance of policy and strategy for Asset Management
Maintenance is one of the pillars of Asset Management and plays an important role in the achievement of a successful value in use. Over the years, many programs have been developed with the improvement of maintenance in mind. However, they tend to forget the most important factor: the policy and strategy of the organization.
Moving towards data-driven maintenance
In a landscape where only a handful of companies in oil, gas and petrochemical are embracing the opportunities of digitalization to gain better levels of productivity, this blog provides a comprehensive digest on how analytics can be used to redefine current maintenance strategies.
Key issues in (Physical) Asset Management
Managing physical assets is about dealing with risks over the lifecycle of assets. However Asset Management is often misunderstood: not realizing that it is also a way of thinking that involves the organization and business as a whole.
Earth is our most important asset!
From an asset management perspective, we can argue that the earth is our most important asset and should therefore be carefully managed. Good stewardship is expected of asset managers, and the task at hand is taking good care of the earth.
From Service Provider to Asset Manager
In 2016, Istimewa called on the consultants from Stork Asset Management Technology to help them further professionalize their own asset management. The Stork consultants help to develop another way of thinking and working.
Scrum in the Industry - Let’s Play Ball!
Is the scrum method only suitable for IT projects? Our experience is that industries can achieve better results through this form of collaboration.
Synergy between Reliability-Centered Maintenance and Root Cause Analysis
Which would you prefer: Prevention or Cure? Preventing equipment from failing is obviously a good thing. But we cannot predict everything. The best preventative efforts still fail sometimes. Wouldn't that suggest that the better answer would be “Cure!"?