Webcast will discuss identifying, managing critical assets

Nov. 6 presentation focus on improving maintenance and reliability performance.

10/30/2014


Plant Engineering will look at strategies to help address this issue at its Webcast, Managing Assets Using Criticality, which will be on Thursday, Nov. 6 at 2 p.m. EDT.Although most reliability management processes are based on managing critical assets, many organizations fail to fully understand the meaning behind the criticality ranking. Most reliability specialists will tell you that the "critical" assets have the greatest impact on production.

Managing with this mindset, they often overlook the single characteristic that makes each asset "critical" and greater opportunities to mitigate asset-related risks.

Through proper construction of the criticality analysis model, reliability and maintenance leaders will be able to illustrate what reliability enhancements must be made to manage criticality, thus improving their ability to manage assets by criticality. Plant Engineering will look at strategies to help address this issue at its Webcast, "Managing Assets Using Criticality," which will be on Thursday, Nov. 6 at 2 p.m. EDT, (1 p.m. CDT). The Webcast, sponsored by Mobil Industrial Lubricants, will feature Darrin Wikoff, a partner at Eruditio LLC and an author and thought leader in the maintenance and reliability community.

This webcast will focus on the construction of a risk-based criticality analysis model. The model will create visibility of production impacts, as well as risks to environmental and safety performance, maintenance costs and the allocation of precious capital resources. With a clear understanding of how to construct your analysis model, we will expand our thinking towards the development of asset management plans aimed at mitigating the predominant characteristics that make each asset significant.

Participants will receive a straw model for risk-based criticality analysis, along with a self-assessment maturity model that can be used to evaluate asset management practices and their ability to manage asset-related risks.

Webcast participants will be eligible to receive continuing education credits upon successful completion of a post-Webcast examination.



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me