Media
Category: Asset Management
Date: 01/03/2024
Subject: There’s more to Asset Master Data Governance (AMDG) than most people think, and can only be achieved with a disciplined and quality-based Management of Change (AMOC) regimen.
Topic: Asset Management of Change (AMOC) is a specialised process that focuses on changes related to physical assets within an organisation.
Below are just some of the components of a good AMOC process…..
➡️ Asset Identification: Clearly identify the assets and components that will be affected by the proposed change.
➡️ Establish & Agree an Approval Process: Approval may be granted to designated individuals or committees depending on the magnitude of the change & risks. An established enterprise Delegations policy & workflow procedure is necessary.
➡️ Risk Assessment & Regulatory Compliance: Conduct a thorough risk assessment to understand the potential impact on asset performance, reliability, safety, environmental and regulatory compliance.
➡️ Engineering & Logistics Evaluation: Assess the technical feasibility and compatibility of the proposed change with existing assets & supply logistics.
➡️ Maintenance and Reliability: Assess the impact on asset maintenance requirements, reliability, & lifecycle costs. Consider factors such as equipment availability, maintenance schedules, spare parts availability, & asset performance metrics.
➡️ Operational Impact Assessment: Evaluate the potential impact (downtime) on asset operations, production processes, & workflow efficiency.
➡️ Change Implementation Plan: Develop a detailed plan to manage the change effectively - it should include well defined roles & responsibilities, communications, a data and document quality dashboard, milestones, timelines, budgets, and resources.
➡️ Training & Competency Assessment: Provide training and support to personnel involved in implementing & operating the changed assets, ensuring necessary skills, knowledge, & competencies.
➡️ Commissioning & Validation: Define performance criteria for commissioning & validation activities to ensure that the assets operate safely, reliably, and efficiently.
➡️ Documentation & Records: Maintain documentation of the change process, including design specifications, technical drawings, permits, approvals, and other relevant records.
➡️ Asset Lifecycle Updates: Update Unified NameSpace data and automate updates to asset warranty data, maintenance strategies, parts & sourcing data, inventory, budget, costing methods, & related systems (GIS, OMS, Reporting, etc).
➡️ Monitoring & Continuous Improvement: Monitor the performance of the changed assets over time & identify opportunities for optimisation & extensibility.
For more detailed information on this capability and our Enterprise level Unified NameSpace, contact Diriger or read our Insight Paper at: A Single Source of Truth Leaves No Asset Data Behind
