Asset Management of Industrial Valve & Maintenance – Part 2

The first part of Alireza Aslarabi Sardroudi’s column addressed the issue of asset management in the field of the industrial valve. Pointing out that asset management covers the entire life cycle of valves, from design, manufacture, construction, operation, maintenance, and removal. As part of asset management, he added, performance risks and life cycle costs can also be balanced. In part 2, Mr. Sardoudri explains the main factors that address to ensure the asset management cycle properly performs.

Go to read part 1

In part 2, Mr. Sardoudri explains the main requirements that meet to ensure the asset management cycle performs properly and evolves.

Overview

It is most important that each and every company is active in the field of the industrial valve. They should first implement an asset management system in their own organization. Once the asset management system is in place. The company can then implement the requirements. For its valve products through the principles defined within the system. Across the board, this applies to organizations engaged in valve design and construction. The valve selection and use in projects. Also operators, maintenance companies, and even companies involved in scrapping and disposal.

But what are the requirements for an asset system? First, let’s review the asset management system. We have prepared ISO 55001 for this purpose. ISO 55001 is a standard for asset management systems that aims to help organizations manage their assets more effectively. By implementing ISO 55001, organizations can better control their day-to-day operations, enhance asset performance and efficiency, and reduce overall costs and risks.

In all organizational structures and for all types of assets, this standard can be applied. In addition, tangible results include an increase in product effectiveness, as well as a significant reduction in risks and unit cost per unit.

As well as supporting continuous performance improvement, the framework also offers continuous improvements to organizations across all industries.

The valve industry must consider seven issues when developing an asset management system based on ISO 55001 requirements. 

As the general framework and skeleton of asset management, these seven issues must be taken into account at every stage, including design and construction, installation and commissioning, operation, maintenance, and removal.

Organizational context

The most important aspect of any asset management system is defining the organization and its business environment. A properly visualized organizational context will make asset management work properly. The needs of an asset management system differ between a company. That designs and manufactures valves and one that repairs them.

Thus in this section, we need to define the organizational structure. The needs of the organization, the scope of an effective asset management system. The framework of an asset management system. A company’s asset management system can be distinguished by this section. i.e., differences and similarities between industry stakeholders at this stage are investigated and the templates are separated. This issue will be well covered in future issues of this journal.

Leadership

This section requires us to obtain managers’ commitment to determine the appropriate direction, and within that to ensure its proper connection to the business issues of the organization, to make the necessary resources available, and to provide sufficient information at organizational levels. Additional components include updating stakeholders on the achievement of expected results, leading teams involved in asset management, and improving policies, strategies, and activities in terms of current and future risks.

So, for activities in various industrial fields, we need to first prepare a directive that is appropriate to the organization’s goals. As an example, the policy for design and construction activities must be consistent with the objectives and results expected in this sector. The organization’s senior management should, in addition to developing an appropriate policy, identify and define necessary roles, responsibilities, and competencies of managers and experts. During this phase, the organization formulates the policy and publishes the Strategic Asset Management Plan (SAMP). 

SAMP is a critical document that contains the goals and all policies and strategies to achieve them. In the next issue, we will discuss general policy preparation and SAMP for different companies that manufacture industrial valve.

Planning

After the managers commit to the requirements of asset management. According to the threats, opportunities, weaknesses, and strengths of the organization regarding assets. The expected goals are determined and the methods for achieving those goals are planned. This planning is based on procedures and instructions, resource estimation and determination, asset life cycle processes, intended measures, expected results, the definition of risk management measures, etc. During this stage, another very important document is prepared and presented to the organization, called the Asset Management Plan (AMP). The document describes the organization’s long-term plan for asset management (at least five years). The document also includes short-term annual plans.

Support

After preparing the AMP and identifying the resources needed, the organization must determine and provide the necessary resources for creating, operating, and maintaining an asset management system. Further, it must determine and apply the necessary competencies for the implementation and deployment of the mentioned system, as well as adequately inform all organizations about the expected goals, practices, actions, and results. An organization should collect the necessary information and make it available to authorized users in a suitable context. 

Reports and results can report in internal and external journals. A high priority for the asset management system is the appropriate use of IT technologies and software.

Operations

Once the AMP has prepare and resources have a plan, support, and contribution. It is time for the system to implement. Activities will be developed based on the organization’s program and goals in several fields and will be implemented as a series of projects. Additionally, other issues related to asset management, such as change management and outsourcing, will be addressed at the same time. Implementation is the first and most expensive component of an asset management system.

Performance Evaluation

Performance evaluation begins simultaneously with the start of executive actions. In order to achieve the organization’s goals, it verifies the steps taken to achieve them. The evaluations can conduct in the form of internal or external audits. It is important to make sure that the company is moving in the right direction. Internally and externally, corrective actions accept with the necessary revisions.

Mr. Sardroudi plans to write seven articles about asset management of valves, as follow

1: Overview and Introduction

2: Valve asset management system requirements

3: Asset management plan for manufacturing valves

4: Plan for asset management in engineering, design, and installation

5: Plan for asset management during operation

6: Plan for asset management during valve decommissioning

7: Valve asset management assessment and audit

8: Continuous Improvement: The policy organizations, SAMPs, and AMPs will design and prepare for it. It may require less improvement. This is not true in practice. Identifying the needs and setting goals, policies, planning, support, and implementation. These are always subject to error and should re-examine and revise after a complete cycle. The process should continue.

Every part of the valve has its own role in the whole valve system.  There are many factors that affect the performance of the valve. But in general, the maintenance of the valve will arrange regularly. If it must be able to work for a long time.  In order for your valve to maintain regularly and properly. You should follow the process below to increase the service life of your valve. That’s it for this article and the next article is also on the way. Do subscribe and allow notifications of emuarticles.com to receive all updates and new posts on this blog.

To be continued…

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