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Maintenance or asset management might be defined as…

“The management, control, execution and quality of those activities which will ensure that optimum levels of availability and overall performance of plant are achieved, in order to meet business objectives…”

In practical terms this means working on something to keep it in a safe and working state and preserving it from failure or deterioration

The “something” depends on the scope of the department/function within the organisation but typically includes workplaces, equipment, transport, etc.
Maintenance activity includes proactive and reactive works such as…
  • Inspection
  • Testing
  • Measurement
  • Replacement
  • Adjustment
  • Repair and upkeep
  • Husbandry
  • Fault detection
  • Servicing
The maintenance of physical assets can no longer be treated as an 'engineering problem'. The competitive environment in which business operates requires an approach that integrates business objectives with the utilisation, servicing and repair strategy of the physical assets (equipment/machines).

The scope of Asset Management and Maintenance
The elements of asset management and maintenance cover a wide spectrum of activities.

asset management


Glossary of abbreviations
CBM: Condition Based Maintenance
CMMS: Computerised Maintenance Management System (Database)
FMEA: Failure Modes and Effects Analysis
FTA: Fault Tree Analysis
OAC: Operator Asset Care
OEE: Overall Equipment Effectiveness
PM: Planned Maintenance (includes Preventive/Predictive)
RCA: Root Cause Analysis
TPM: Total Productive Maintenance

Within this framework sits other elements of asset management including;

  • Asset lists/inventories
  • Maintenance Management processes
  • Human resources/competency
  • Risk Management
  • Safety Management (risk assessment, method statements etc)
  • Spares Management

Whilst above it sit the strategic and tactical policies with their tools such as;

  • Risk (business) Management
  • Criticality Analysis
  • Life cycle planning
  • Etc.

The CMMS acts as a tactical resource; the database and knowledge store, enabling and supporting operational management.

(The above article is a small extract taken from our maintenance training programs.)

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