The asset performance management assessment and recommended asset management transformation program is one step in your site’s journey to establish exceptional performance and profitability in the context of your industrial and technological capabilities. The assessment provides a realistic view of the current condition of the site and the necessary and possible improvements to meet the organization’s cost and growth objectives. The proposed solution addresses the required technical, organizational and cultural elements and estimates the sustainable financial benefits that can be achieved through this effort.

Diary:

• Introduction
• The Physical Asset Performance Management Process
• Quantifying Financial Benefits
• Developing an Action/Project Plan
• Conducting a Stakeholder Analysis
• Barriers and Risks
• Next Steps

To be successful, practice evaluation must be structured and managed through the stages of pre-assessment, evaluation, and post-assessment.

Diary:

• The Process
• Criteria and Stages
• Pre-Assessment
• Assessment
• Post-Assessment 

A structured questionnaire helps us conduct interview sessions and efficiently collect, classify and validate information in preparation for reporting our observations, recommendations and developing an action plan/project.

Diary:

• Questionnaire Structure
• Gathering and Validating the Information
• How to Use the Questionnaire
• Workshop Exercises 

The ability to quantify the financial benefits of an improvement initiative will gain support and help define how success will be measured. Financial gains fall into 2 basic categories: reduced costs and increased revenue. The first is measured in terms of labor, parts consumption, consumables and quality loss reductions. The latter is measured in terms of equipment availability and performance gains.

Diary:

• Taking a Full Potential Approach
• Pre-Assessment
• Assessment
• Post-Assessment
• Production/Operations-Related Benefits
• Maintenance/Reliability-Related Benefits 

A stakeholder analysis is a method used to identify the main stakeholders of the initiative. A stakeholder is a person who has an interest in the initiative and can affect or be affected by it. A good project or action plan must include technical, organizational and cultural elements. They are all important if we want to promote sustainability.

Diary:

• Why Conduct a Stakeholder Analysis?
• Identifying Stakeholders and Their Predisposition
• Anticipated Involvement, Issues, Motivations and Drivers
• Defining an Action Plan 

The reason for conducting an evaluation is to identify our successes and our opportunities for improvement. From this, we develop a strategy and plan to maintain our successes and address our shortcomings.

Diary:

• Project Stages
• Activities Derived from the Practices Assessment
• Possible Methodologies and Disciplines
• High Level Roadmap Example
• Sustaining and Managing the Change
• Success Metrics

How do we know that the project/initiative has been successful? How soon can we
expect a return on our investment? Answers to these questions will be required by
your Management Team and/or your Sponsor.

Diary:

• Net Present Value
• Payback Projection Example
• Calculating ROI for Your Initiative