Optimal whole of life asset strategies deployed to all your underground, open cut, materials sizing, conveying, storage, transport and shipping assets is a key driver for successful mining operations. You need to Identify system constraints, forecast expected levels of system availability and production levels, and cost/resource requirements to maintain equipment.
The challenge is to determine and deliver the best balance of risk, cost and performance from all assets.
Effective Asset Strategy Management - a fundamental pillar of asset management - enabled by people, technology and data, delivers consistent and justified asset maintenance strategies to an entire asset base, ongoing. Helping the mining industry achieve the idea balance of cost, risk, and asset performance.
ASM is a structured process enabled by technology that manages reliability strategy over time to ensure that the optimal strategy is on every asset and in alignment with the performance goals of the organization at all times.
Breaking down the process into these core elements works for both an initial implementation and ongoing.
BUILD - Set the structure for reliability strategy and develop baseline, optimal reliability strategies for each equipment type for a given criticality.
DEPLOY - Once you have a baseline FMECA based reliability strategy for each asset type you are ready to deploy the baseline reliability strategies.
SUSTAIN - Governance of asset reliability strategies ensures compliance and drives continuous improvement of the maintenance plans employed on all assets - ongoing.
Are you tackling these key initiatives?
The Digital Transformation is a hot topic for the mining industry. But what exactly does it mean and how can you ensure you've set a solid foundation for the digitization of Asset Management?
The technology we use is always improving, but without improving asset reliability strategies and then updating associated maintenance plan master data, many EAM system upgrades or consolidation efforts, fail to deliver a tangible result.
A central source of truth for your asset reliability strategies just makes sense, but organizing and structuring relevant data from multiple different sources doesn't have to be a headache.
Reliability goes beyond handover of a maintenance build project. Done right, it's possible to establish a foundation for ongoing strategy alignment and optimization across the life of your assets, while delivering a cost-balanced maintenance build.
APM can play an important role in your overall reliability strategy, but it won't proactively structure your asset maintenance strategies which is the biggest driver of asset performance. That is where Asset Strategy Management (ASM) comes into play.
ARMS Reliability has been engaged by globally diversified mining and metals company South32 to conduct a Criticality Study using a consistent process across its global sites, as well as review and develop reliability strategies for its critical assets.
Rob Kalwarowsky, the host of Rob's Reliability Project, is joined by Steven Dobie (Teck Resources), Jeff Naylor (SIRF Roundtables), and Jason Apps (ARMS Reliability) to discuss the biggest issues in Mining, defect elimination and RCA, and how to start a reliability program.
A Guide to Asset Performance Management vs. Asset Strategy Management
The State of Asset Performance and Reliability Report
How to Put a Stop to Endless Reliability Projects