Mitigate Risk. Obtain the Most Value from Your Assets
Condition Assessment is a key tool for helping discover important information to optimise plant operation and maintenance and further improve the quality of RCM analysis and its outcomes.
Through its use, organisations can greatly improve their ability to make knowledgeable, fact-based decisions for preserving assets (through maintenance); renewing assets (through replacement); or upgrading those assets for longer life (refurbishment). The condition assessment can determine if it will be possible to “fix the problem” (ensure the function and performance standards are met as determined by RCM) – If it doesn’t, then the remedy might require asset replacement or refurbishment.
Determining Remaining Life of an Asset
Utilising the Aladon RCM2 methodology, K2 RCM recommends a condition assessment on the assets and systems that have been in service for a long time, in some cases still operating beyond their useful life as specified by the manufacturers. Our Condition Assessment methodology consists of two distinct processes, a Qualitative Assessment (through interviews and observation) and a Quantitative Assessment (data driven) – which can be done simultaneously or subsequent to one another.
The condition assessment includes the review and analysis of the information and data collected in the two assessment processes (qualitative and quantitative) in order to determine or estimate remaining asset life. Where no data exists, or when data integrity is questionable, the Qualitative Assessment is sometimes the only process possible to determine the asset’s condition. Alternatively, where some data exist, the two assessment processes are weighed to provide a realistic review of the asset’s condition at the time.
The Aladon RCM2 methodology involves structured team-based workshops, where staff experienced in operating and maintaining the assets assign criteria and condition grades for individual or groupings of assets with similar characteristics (location, age, material, etc.). The templates and scoring criteria are used for field qualitative assessments while data templates are built to measure and calculate (where necessary) performance criteria needed for quantitative assessments.
Relevant information to support the exercise include:
- Asset as-built plans;
- Vendor and OEM information;
- Asset register information, geological maps, drawings, specifications, etc;
- Performance monitoring data (level of service);
- Maintenance records and compliance records; and
- Field observations and interviews.
Knowledge Is Power
Results of an RCM analysis performed on ageing equipment that do not consider the current state or obsolescence of an asset may lead to an ineffective and costly maintenance program. That’s why Condition Assessment is such an important step – incorporating its results into the broader asset risk evaluation can help organisations make knowledgeable, fact-based decisions about the condition of assets or infrastructure. The information can be used to target high-risk assets when considering where to renew ageing infrastructure – mitigating risk to business operations and obtaining the most return on investment.
The outcomes from the Condition Assessment place organisations in a position to:
- Improve long term planning (Capital Investment Planning);
- Determine remaining asset life and useful asset life;
- Make better fact-based asset strategy decisions; and
- Avoid costly breakdowns associated with asset degradation and obsolescence.
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