Asset Management and Digital Enterprise

Digital Enterprise and Asset Management must be closely integrated to get the most from the rapid pace of change in digital technologies.

This unique 5 day course, not only covers the compliance needs of meeting Asset Management System standard (ISO55001) but looks at methods to measure value generation, identifying non value-add activities and creating efficiency.

We will draw from many years’ industry experience of troubleshooting and improvement to present a practical alternative of digitally integrating the systems you already have under the guidance of good asset management practice, to deliver consistent performance and continual analysis of improvement opportunities.

Target Audience

This course is aimed at decision makers in the process and utilities industries. It is ideal for people that are tasked with cost control whilst also having to achieve production targets.

The course suits management and leadership roles rather than supervisory roles.

Course Topics

We start with ISO55000 in the context of integrating current practice to achieve the objectives of the standard.

We move on to using benchmarking and business process engineering techniques to identify the simplest possible basic processes, and areas for improvement (and very importantly opportunities to eliminate non value adding activities).

The many digital technologies available to support asset management will be considered, with the aim of establishing a properly integrated digital enterprise that delivers the goals of asset management.

With a stable, digital base in place we will look at online analysis to automate or at least continually inform an ongoing improvement process, thus delivering the promise of asset management, digital enterprise and sound engineering practice.

Course Overview

With the advent of the ISO55000 Asset Management standards and the rapid pace of change in digital technologies we draw upon operational and maintenance models to align good engineering and business practice to align with ISO55001.

This course navigates through our seemingly complex and contradictory world of industry and the latest initiatives to blend business and engineering best practice with the intelligent use of digital technology.

Information technology has been widely used to automate workflow but instead of improving efficiency we are in danger of drowning in data. We will study the theory of constraints and how workflow automation can be properly integrated into Asset Management to produce the efficiencies and insights desired.

Productive operations require identification of a stable basis to focus our improvement planning efforts. Most modern planning is underpinned by Enterprise Resource Planning (ERP) or Enterprise Asset Management (EAM) software. Today’s computerised maintenance management systems (CMMS) are often modules of an ERP or EAM system or need to be carefully integrated with such systems.

We will consider the use of data, ignoring the hype behind big data, to identify how digital technologies can be used to integrate data flow with work flow to continually plan, measure and improve our asset’s performance.

Having established an approach to stable production based on the use of good business process practice and automation in line with ISO55001, we will turn our attention to decision analysis; considering the performance measures and benchmark models needed to optimise performance in real time where possible. We will look at prioritising competing initiatives rather than trying to do everything at once.

Finally, we will go hands on into the world of video gaming and augmented reality to explore how all this information can be combined into a single universal interface for the whole organization, such that we bring clarity to the business allowing focus on the highest value opportunity at any given time.

Learning Objectives

The overall objective is to learn how to use engineering, digital and business process best practice in combination. You will learn how to:

  • Identify opportunities and risks
  • Assess current process
  • Carry out decision analysis
  • Construct a plan and carry out programme evaluation and review
  • Apply the principles behind ISO55001
  • Benchmark performance using an operational excellence model
  • Understand and select alternative continuous improvement techniques
  • Apply business process engineering techniques to maintain clarity during change
  • Implement digital tools to integrate and automate analysis and improvement

Facilitator

Howard Thomas has advocated practical approaches to handling complexity for over 20 years. He has a unique ability to make the complex clear for his clients and audiences.
He combines an in depth technical background with a wide ranging business experience but is probably best known for his engaging style of presentation.

He is formally technically accredited as a Fellow of Engineers Australia and a Chartered Professional Chemical Engineer and has worked on hydrocarbon installations all over the world, from roles as a technician to executive consultancy.