Optimisation and Extensibility through Asset Data Standards Governance

Everything can be (and will be) Optimised and Extendable when Asset Data Standards Governance is applied correctly!

2024-03-20 Business Transformation - LinkedIn Post

An asset standards-based governance process ensures that an organisation’s assets adhere to established standards and best practices throughout their lifecycle. Here’s a quick summary of a proactive Standards-based approach

• Asset Standards Development: Establish a framework for developing and maintaining asset standards that involves defining the scope, objectives, and guiding principles for the standards development process.

• Stakeholder Engagement: Engage key stakeholders, including asset owners, operators, engineers, and subject matter experts, in the standards development process that aligns with corporate strategies, objectives and priorities.

• Standards Identification: Identify industry-specific standards, regulations, codes, and best practices applicable to the organisation’s assets and guidelines. 

• Monitor the Gap: Continuously monitor the gap between current practices and the identified standards - apply corrective according to criticality.

• Standards Adoption: Develop a process for adopting, implementing and automating asset standards within the organisation e.g. via Automated MOC; hence, roles, responsibilities and authorisations for ensuring compliance with the standards shall be applied in an agreed and automated process; nothing should be missed or left behind.

• Reference Documentation and Comms: Documented asset standards, including technical specifications, ISDDs, procedures, guidelines, and templates should be readily available and accessable. Changes should be regularly posted via electronic notifications. 

• Training and Awareness: Build a No Excuse culture through training and regular workshops; especially when safety standards are implied.

• Monitoring, Measurement and Compliance: Establish mechanisms for monitoring and measuring compliance with asset standards; automating them for consistent repetition where possible. Include regular audits, inspections, and assessments to ensure that assets adhere to the standards and allow for identifying improvement opportunities. Track metrics such as compliance levels, adherence to deadlines, and effectiveness of corrective actions.

• Risk and Safety Management: Integrate risk and safety management principles into the asset standards-based governance process and ensure these are treated effectively.
  
  

Consistency is the Key - by implementing these approaches, organisations can establish an effective asset standards-based governance process that ensures reliability, safety and compliance across their asset portfolio.

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