Safety software Asset Strategies

monitoringcontrolasset management

APM Strategy is a collection of integrated tools within GE Vernova’s Asset Performance Management (APM) that helps users to: Prioritize overall asset strategy investment allocation based on asset criticality, risk, and operating context Ensure optimal asset performance, mitigate costly unplanned failures, and improve overall safety of the plant Build a sustainable, closed-loop continuous improvement cycle to control and improve asset strategies Key work processes in APM Strategy include: Assess Criticality of Assets Identify Risks and Mitigating Actions Optimize Mitigation Strategies for Risk and Cost Manage and Implement Asset Strategies Drive Corrective Actions and Continuous Improvement Asset Strategy Outcomes Reduce unplanned downtime and increase asset availability by monitoring critical assets Minimize costly reactive emergency repairs by detecting problems early Optimize spare parts inventory and holding costs Protect the health and safety of employees by reducing asset related incidents Improve workforce productivity and effectiveness Extend asset life and improve overall Return on Assets (ROA) Enable compliance with ISO 55000 standards Asset Strategy Outcomes Reliability Centered Maintenance (RCM): Designed to help reduce the effects of functional failures at the system level. Failure Modes And Effects Analysis (FMEA): Facilitates the identification and mitigation of critical failure modes defined at the equipment level. Asset Strategy Management (ASM): Evaluate existing plans with basic qualitative risk analysis.