Archive: Sep 2013

Win Production Over to Doing Better Maintenance with ABC Equipment Criticality Rating

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Win Production Over to Doing Better Maintenance with ABC Equipment Criticality Rating

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This article from Lifetime Reliability Solutions walks through the ‘True Failure Cost’ method of rating your plant and equipment criticality to provide a complete picture of business wide consequences of equipment failure.

The method they advocate assists to more effectively prioritise risk management and maintenance to protect against failure.

For more information and other articles from Lifetime Reliability Solutions go to www.lifetime-reliability.com

Author: Mike Sondalini, Lifetime Reliability Solutions

GET READY for the new ISO 5500x asset management standards

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It is important for all asset managers to gain an understanding of the impact the new ISO 5500x standards for asset management can have on the industry and on individual companies and roles.  The family of standards is due to be launched late 2013, so it is prime time to get it on your radar to assess the impact and benefits for your organisation.

For an in-depth understanding, read this great article from KPMG.  Go to:

http://www.kpmg.com/AU/en/IssuesAndInsights/ArticlesPublications/infrastructure-short-reports/Documents/paradigm-shifts-asset-management.pdf