Projects are expensive so when conducting a reliability strategy review, you need to plan ahead and ensure that the optimized strategies you put in place do not quickly deteriorate. In this article, we share a tip for post-project support. 

In an earlier blog, we covered some of the common pitfalls organization's encounter when conducting a reliability strategy review. Lack of post-project support is a big one and deserves to be addressed on its own. 

The biggest challenge is that most reliability strategy review projects are considered complete once the updated strategies are active in the EAM system. This means that site-based teams may be left on their own to adopt these strategies. In this scenario, any small error becomes magnified and impacts team confidence. This may ultimately drive teams to modify the strategies and lead them to deteriorate over time

One way to prevent this is to allocate time and resources to quickly address any post-implementation issues. No project is perfect and hence there will be some refinement of the new reliability strategies required, such as task sequencing, and some specific acceptable limits. If these challenges are addressed immediately and efficiently then confidence is gained in the new strategies. 

Organizations should also introduce an Asset Strategy Management process to manage the reliability strategies over time. 

What is Asset Strategy Management? 

Asset Strategy Management or ASM is still a relatively new term and for those not aware, it is a best practice approach to managing your asset strategies, organization-wide. 

In short, ASM connects physical assets and independent plants and sites to a central system, allowing you to ensure: 

  • The best strategies, developed by your best subject matter experts, are in place
  • The strategies are deployed to all your assets, all the time and continually evolve based on real data and an effective review process
  • The strategies can be easily updated, be customized for site variations, and redeployed with ease

ASM also delivers performance improvements through increased reliability and the reduction of failures, downtime and risk, and consequently, a lower cost of operations. 

For most organizations, these are the exact benefits driving them to review their reliability strategies in the first place. 

The Complete Guide to Asset Strategy Management

Is your reliability program living up to its true potential? If it's your job to develop and deploy reliability strategies to maintain healthy assets at the lowest cost to your business - this is an essential guide.

Download the Guide