In the aspect of asset design and maintenance (ADM)have definition changes
Definition: is a continuous improvement strategy process of systems, processes, facilities, and equipment (Dwight, & Zhang, 2014).
Aim: improving the safety, reliability, availability, and longevity of a physical asset.
Importance of ADM
Like any other constructions process, asset design and management is essential in;
Knowing the assets an organization owns for proper monitoring and maintenance
Evaluating the design criteria and the conditions of their operation
Developing the asset programs and maintenance care to ensure reliable performance of each asset
Importance: these activities help in cost optimization in the asset operation
Maintaining a Hotel Facility
This success of the above process based on; performance capacity of the assets
Product quality based on the functionality of the asset
Understanding of the cost and associated risks
Prior Knowledge Requirements
To achieve an effective process of ADM, an individual requires knowledge on;
- The current state of the assets (Dwight, & Zhang, 2014).
Model development in target
The business case calculation of the assets
The implementation and sustenance changes
The effectiveness of the above process requires the organization to;
Prioritize capital assets on the basis of the strategic objectives
Forecast asset replacement, expansion, or renewal
Funding requirements for the maintenance
Benefits of continued maintenance of the design;
Better engineering design levels can be achieved
Creation of high reliability components
Elimination of failures
Evaluation of powerful methodology for failure cause removal and defect elimination
Determinants of Success
The successful execution of asset design and maintenance depends on;
- Timely execution
- Thorough planning and analysis
Adoption of most effective data-driven decision-making
Optimum delivery (Gilmore, 2009)
Organizations are pushed beyond their asset design capacity due to;
Increased customer demands
Modification and diversity
Technological advancement and adoption
Stiff competition and increased customer preferences
The success of an asset design and maintenance process is based on the process, data and information, qualified personnel, and the right technology An effective Design and maintenance of an asset should bring together the above factors
Achieving an effective ADM process requires;
Adoption of an effective organizational structure (Lorusso & Colizzi, 2017)
Qualified staff with clear responsibilities and roles (Pietri, 2017)
Using the right technology
Timely execution of the maintenance process.
Dwight, R., & Zhang, T. (2014). Managing maintenance resources for better asset utilisation. Australian Journal Of Multi-Disciplinary Engineering, 11(2), 123-134.
Feng, L. (2018). Parental perceptions toward and practices of heritage language maintenance: Focusing on the United States and Canada. International Journal Of Language Studies, 12(2), 65-86.
Gilmore, S. (2009). The Importance of Asset Maximisation in Football: Towards the Long-Term Gestation and Maintenance of Sustained High Performance. International Journal Of Sports Science & Coaching, 4(4), 465-478.
Lorusso, S. s., & Colizzi, L. l. (2017). DESIGN BETWEEN ART, TECHNOLOGY AND SCIENCE. Conservation Science In Cultural Heritage / Quaderni Di Scienza Della Conservazione, 17211-221.
KPMG (2011). Asset Maintenance and Reliability. Retrieved from https://home.kpmg.com/ru/en/home/services/advisory/risk-consulting/sustainability/sustainable-operations/asset-maintenance-and-reliability.html
Pietri, A. (2017). The Science of Maintenance will Revolutionized Asset Management. https://www.aspentech.com/en/blog/blog/Science_of_Maintenance