All asset managers struggle with this balance: when to repair versus when to replace a piece of equipment. The Society of Maintenance & Reliability Professionals (SMRP), in fact, has a rule of thumb: replace it when maintenance costs hit about four percent of replacement value. But, in reality, that rule doesn’t always apply in every situation. The question instead is what steps can utility professionals take to make timely decisions about asset health, their failures, and new construction designs.
In this webinar, we’ll talk about taking a unified approach and how to build new assets from design to completion. After completion, asset managers have to implement predictive maintenance, investment planning, and performance measurement. We’ll show you the tools available to make an asset manager’s job easier. With the right data, you can do even more than answer the age-old “repair or replace” question. You’ll also have the numbers to defend investment decisions and get projects approved faster.
You’ll walk away from this hour knowing how to:
- Build new projects with a rigorous, data-driven and value-based approach
- Craft integrated analytics and asset performance management on asset construction and maintenance
- Create a better design strategy with tight turnarounds and reconcile as-built in mind
- Flip your asset maintenance program from reactive (run to failure) to proactive (planning-driven)
Matthew Comte, Managing Director, NA Work and Asset Management Lead, Accenture
Bradley R. Williams, Vice President, Industry Strategy, Oracle Utilities