The LNG company was interested in exploring maintenance strategy optimization as a means to accomplish their business objectives, such as reducing risk, improving production, and as a result, achieving better cost-effectiveness. Additionally, the company was experiencing new failure modes in their turbines, pumps, and fin fans, causing equipment failures and threatening unplanned shutdowns.
Lacking the internal resources to complete the review, the company engaged ARMS Reliability to conduct a large-scale, two-part study – one part focused on Reliability Centered Maintenance and the other focused on Preventive Maintenance Optimization – to help them improve asset reliability.
The company wanted ARMS to: help reduce the business’ costs and risks by optimizing their asset-management strategies; create maintenance strategies for their valves; deliver new strategies as computerized maintenance management system [CMMS] load sheets; identify flaws and defects within the existing preventive maintenance programs for turbines, pumps, and fin fans; determine new possible failure modes for this equipment; and update the organization's existing strategies for cost-effectiveness.
ARMS Reliability's objectives for the study included:
- reducing the number of corrective work orders
- optimizing total work hours required to maintain equipment
- improving reliability performance for key assets; and
- optimizing maintenance strategies for high-priority systems.
Gartner Market Guide for Asset Performance
In asset-intensive industries, asset management is moving from simple maintenance to a business operations core competency. APM is at the core of this change. CIOs can use this guide for insights on APM offerings in order to understand market direction and support asset management strategies.Download the Guide