All Asset Management depends on accurate, essential asset management data. It is the basis of all asset management activity, and success cannot be achieved without it.
Our client, New Plymouth District Council, had recognised the need for a better understanding their asset base. They had realised that they had gaps in, or limited access to, their basic asset data. They had a limited and inconsistent understanding of the risk profile of their assets. They could not demonstrate a risk-based approach to their asset management, including:
- Integrity assurance and statutory compliance (licence to operate)
- Health, Safety and Environmental governance
- Care of business-critical plant and processes
- Budget prioritisation, optimisation and control
- Continuous improvement focus
Advisian undertook a multi-site review of the knowledge management process, identifying the data requirement and key documents and data stores. We developed, executed and refined a targeted asset data discovery process which quickly and efficiently confirmed valid data and unearthed the gaps, allowing correction. Advisian then helped our client to define their relevant risk assessment matrices (RAMs) against all key business drivers, using these to run workshops to screen run-to-failure assets and assign criticality to the remainder.