Asset Integrity Management (AIM) is an essential activity for any organisation involved in storage, handling or manufacture of hazardous materials, to ensure that assets remain safe and fit for purpose. Pressure on businesses to become more productive is headline news, so are you using your AIM programme to improve business performance?
The business benefits of a considered and well managed programme are numerous but ISO 55000:2014 lists the following:
- Demonstrated Compliance – transparently conforming with legal, statutory and regulatory requirements, as well as adhering to asset management standards
- Improved Financial Performance – improving the return on investments and reducing costs can be achieved, while preserving asset value
- Improved Services and Outputs – assuring the performance of assets can lead to improved services or products that consistently meet or exceed the expectations of customers
- Improved Efficiency and Effectiveness – reviewing and improving processes, procedures and asset performance can improve efficiency and effectiveness
- Managed Risk – reducing financial losses, improving health and safety, good will and reputation, minimising environmental and social impact can result in reduced liabilities
- Informed Asset Investment Decisions – enabling the organisation to improve its decision making and effectively balance costs, risks, opportunities and performance
- Improved Organisational Stability – effectively managing short and long-term effects, expenditure and performance can improve the sustainability of operations and the organisation
- Enhanced Reputation – through improved customer satisfaction, stakeholder awareness and confidence
- Demonstrated Social Responsibility – improving the organisation’s ability to, for example, reduce emissions, conserve resources and demonstrate socially responsible and ethical business practices and performance
Senior Management Responsibilities and Commitment
The implementation and ongoing requirements for an effective programme are complex and require an understanding of costs, performance, and risk across the lifecycle for all plant and equipment. Success also demands significant input from senior management and stakeholders. Senior management must be clear about what they want from the AIM programme and demonstrate ongoing commitment through the setting, deployment and review of the AIM Policy. This includes taking an active role in execution:
- Ensuring AIM plans and processes are reviewed regularly;
- ‘Touching and feeling’ the performance by walking the plant and talking to operators; and
- Supporting the asset integrity, engineering and maintenance teams.
Delivering Business Benefits
Most organisations within the process industries rightly focus on regulatory compliance and integrity but the business benefits of an AIM programme often get forgotten when it comes to reporting. Showing that the AIM programme is benefitting the business today will help maintain stakeholder buy-in and secure funding for long-term sustainability.
There are many metrics that can be used as part of a balanced scorecard to measure overall effectiveness of the programme, linking performance to qualitative and quantitative business benefits. Some examples include those around:
- Policy and procedures deployed and reviewed
- Training for both operations and maintenance personnel
- Percentage and types of assets with appropriate maintenance plans in place
- Availability of regulatory and statutory inspection status reports
- Safety critical maintenance backlog
- OTIF performance
- Percentage of RCA actions closed out within specified time
- Number of senior management plant tours per period
- Number of unscheduled breakdowns
- Maintenance cost
- Asset ROI
- Number of losses of containment
At HFL Consulting, we work for businesses of all sizes across the process industries, providing a unique blend of leadership, management, consulting, engineering and training services to support operational improvement and safety gains. We are well placed to provide practical guidance and support to help develop your AIM programme. This could be at high level with gap analysis audits against standards and good practice guidance, and at working level with individual elements of an AIM programme such as: RBI planning, criticality assessments or degradation studies.
Contact HFL Consulting today and learn more about our Asset Integrity Management services here.
To keep up to date with our latest news and initiatives, please follow us on LinkedIn, Facebook and Twitter.