The process of ensuring that the performance and state of assets continue to fulfill business expectations is known as asset health insights. The condition-based maintenance (CBM) method, in which maintenance is scheduled, based on asset conditions rather than on the calendar or working hours, is a crucial component.
When compared to the options of routine scheduled maintenance or operating to failure, this technique turns out to have the lowest lifecycle cost for various failure scenarios. Additionally, each of these jobs should be both technically and financially viable.
In order to assess asset health, CBM requires an efficient condition monitoring (CM) program. Data must be obtained often enough to ensure early detection of failure, and measurement parameters should be chosen to address recognized failure modes. The mechanism that guarantees prompt corrective action is the most crucial component of the CM program.
The corrective intervention has two objectives:
- To solve the current issue at hand; and,
- To comprehend the origin of the failure and remove the root cause to prevent a recurrence.
The second kind of activity has the greatest long-term effect, but this is frequently not quantified.
Benefits of effective asset health management include:
- Minimal lifecycle cost
- Assurance of ongoing operational suitability
- Assurance against operations and maintenance introducing flaws that could cause failures
- Elimination of errors
Early failure detection enables corrective action to be conducted with little impact on goals.
Asset owners frequently solely assess the last of these advantages. As performance increases, this may cause users to lose faith in the application because there are fewer “saves” while reliability has increased.
Contact IBM Maximo right away to learn more about how our Asset Health Insight solution might help your company.
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