3. Invest in learning from failures
Failures are part and parcel of plant operations. We can ignore them at our own risk and hope they go away OR we make efforts to stop failures from occurring again. When we start learning from them, the real insights on asset characteristics arrive. Failure analysis and root cause analysis (RCA) are common terms when trying to learn what specifically led to the failure and why it occurred. This analysis will lead to the correct path on achieving efficient asset reliability. The idea is that when we understand the failure, we can create a remedy to avoid similar failures in the future. And if these remedies are delivered on a timely basis through intelligent software, then it’s the icing on the cake for organizations. By finding and fixing the first-to-occur failures, the asset in turn becomes more reliable.
Some organizations wait for their experienced personnel to find failures for vulnerable assets. Site engineers tend to wait for O&M personnel and time to pass, possibly resulting in the shutdown of operations. Fortunately, now companies can leverage robust asset reliability software, which delivers data-based monitoring capabilities for reaching excellent asset optimization. The best way to learn about the limits and faults of equipment is to find failures beforehand by utilizing robust asset performance management (APM) software to understand the failure mechanisms and design a way to avoid and/or mitigate the problem.
With a little investment and commitment in clear language, decision support from board-level executives, finding failures before they happen, and performing critical analysis, organizations can consistently create reliable assets. In the future, some organizations will find this asset reliability mission a major undertaking, while for most it will be a subtle shift in focus toward maintaining critical assets and creating a reliability culture.
If your industrial organization seeks that investment toward asset operations and maintenance needs to be serving the asset reliability aspects, too, then Predix Asset Performance Management (Predix APM) can help.